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Lost assets: Cardoso leads Lagos eight-man rebuild team

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  • Sanwo-Olu signs executive order

 Fola Raheem

Lagos State Governor Babajide Sanwo-Olu on Wednesday signed an Executive Order for the formation of an eight-man board to coordinate efforts to restore assets lost or damaged in the recent attacks by hoodlums on public and private facilities in the state.

Citibank Nigeria Chairman, Mr. Yemi Cardoso, will head the Board of the Lagos Rebuild Trust Fund. The board members were unveiled at a press conference at the Governor’s Office, Alausa, Ikeja.

A statement by the Lagos State Commissioner for Information and Strategy, Gbenga Omotosho, reported Sanwo-Olu said the government decided to put the destruction behind it and face the huge and necessary task of rebuilding the state.

The government, he said, would be embracing new standards of governance and building stronger partnerships, which would enable the state to bequeath stronger institutions and cohesion among residents.

He spoke of how many friends and admirers of the state had been calling to lend a hand in the rebuilding of the razed assets.

He said, “In the last few weeks, we have been inundated with local and global offers of assistance to rebuild our state and recover all we lost to arson and violence in October. It is obvious that we can no longer wait to begin the onerous task of reconstructing Lagos. In the next few days, our government will be sending a bill to the House of Assembly for the establishment of a Trust Fund to Rebuild Lagos.

“Today, I am signing an Executive Order to set up an eight-man Lagos Rebuild Trust Fund Committee, which will begin to oversee our recovery process. To ensure the highest standards of probity, transparency and accountability, FBN Trustees headed by Mr Kunle Awojobi will oversee the Lagos Rebuild Trust Fund Committee. The Committee will comprise five members from the private sector, two members from the public sector and one member from the International Donor Aid Community.

“We will embrace new standards of governance and build stronger partnerships, stronger people, stronger institutions, and stronger Lagos. Our strength lies in our uncanny ability to overcome the most complicated challenges because we have people who genuinely love Lagos State and will assiduously do all they can to preserve its peace and unity.”

Sanwo-Olu said the trust fund would be responsible for getting detailed cost of restructuring and rebuilding of destroyed assets.

The Funds, he added, will also advise the state government on the most critical assets to prioritise and identify emergency response service critically needed.

The rebuilding plan, the governor said, would be all-inclusive, stressing that the government would welcome support and contributions from well-meaning individuals and corporate organisations who believe in the Lagos dream.

His words: “I believe this is the starting point of a new socio-economic process. I am hopeful that this initiative will help us to seamlessly make the transition to a rebuilt Lagos with upgraded public structures, facilities and amenities. I know that the ashes that presently dot our landscape will birth modern and globally acceptable infrastructure.

“At the centre of this decisive action to rebuild Lagos is the need to closely work with the people and organisations who call Lagos home; those who believe in the Lagos dream, and those who share our collective vision of a mega-city that thrives on peace and unity among all ethnic groups.”

Other members of the Trust Fund’s Board are the Managing Partner, Olaniwun Ajayi LP, Prof. Konyinsola Ajayi, SAN; Chief Executive Officer of Sterling Bank, Mr. Abubakar Suleiman; Co-Founder and CEO, Flutterwave; Mr. Gbenga Agboola; Vice Chairman, Standard Chartered Bank, Mrs. Bola Adesola – all representing the private sector – and a representative of an International Donor Agency.

The Commissioner for Economic Planning and Budget, Mr. Sam Egube, and Permanent Secretary, Ministry of Works and Infrastructure, Engr. Jimi Hotonou, are members of the Board representing the public sector.

As part of the government’s objectives to fully heal the wounds of the crisis, the governor also announced six other committees. They are: Business Continuity Committee; Assessment Committee; Execution, Measurement and Evaluation Committee; Communication and Engagement Committee; Trust Fund Implementation Committee; and Security and Enforcement Committee.

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Nigerian pilgrim returns €1,750 found in Makkah

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Nigerian pilgrim returns €1,750 found in Makkah

A Nigerian pilgrim, Muhammad Na’Allah from Gumi Local Government Area of Zamfara State, has returned the sum of €1,750 (one thousand seven hundred and fifty euros) which he found at the Haram in Makkah.

The returned money was handed over to the National Hajj Commission of Nigeria (NAHCON) for onward delivery to its rightful owner.

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Na’Allah was accompanied to the NAHCON office in Ummuljud, Makkah by officials of the Zamfara State Pilgrims Welfare Board. The Chairman/CEO of NAHCON, Malam Jalal Ahmad Arabi, praised the pilgrim for his honesty and integrity.

He highlighted that Na’Allah’s gesture symbolizes the meaning of his name, which reflects closeness to Allah.

“This shows his pilgrimage has positively impacted his personal character, behavior, and attitude,” Arabi remarked, commending the pilgrim’s honorable action.

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BREAKING: NELFUND postpones student loan application for state varsities

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BREAKING: NELFUND postpones student loan application for state varsities

The Management of the Nigerian Education Loan Fund (NELFUND) announced on Tuesday a 14-day postponement of the student loan application process for state institutions due to “low data submissions.”

The delay is caused by several state-owned institutions not uploading the required student data and fee information to the NELFUND Student Verification System.

According to a statement by NELFUND in Abuja, only a limited number of state-owned institutions have completed the data submission process: 20 out of 48 state universities, 12 out of 54 state colleges, and 2 out of 49 state polytechnics.

This insufficient data submission poses significant challenges to ensuring a seamless and accurate verification process for student loan applicants.

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The application window, originally set to open on June 25, 2024, will now commence on July 10, 2024. The extension is intended to provide additional time for state institutions to comply with the data submission requirements, ensuring that their students can benefit from the Federal Government’s student loan scheme.

To facilitate an efficient and error-free application process, it is crucial that all state institutions provide complete and accurate information. This includes JAMB numbers, matriculation numbers, admission numbers, full names, level, faculties, departments, program duration, fees, and the gender of all eligible students.

Incomplete or incorrect data submissions will result in application delays and potential disqualification for affected students.

The fund urged all state institutions to expedite their data submission processes and ensure the accuracy of the information provided. Institutions that fail to meet the revised deadline risk disadvantaging their students, who depend on these loans to support their education.

BREAKING: NELFUND postpones student loan application for state varsities

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Sultan: Check your facts well, Sokoto govt replies Shettima

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President-General and Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar III

Sultan: Check your facts well, Sokoto govt replies Shettima

The Sokoto state government has asked Vice President Kashim Shettima to always cross check facts before commenting on sensitive national matters.

Responding to the warning publicly made by the Vice President at the Northwest Security summit in Katsina on Monday, the state government said the Vice President should have contacted Governor Ahmed Aliyu to verify the news which made rounds on the purported plan to depose Sultan Muhammadu Sa’ad Abubakar before going public.

In a statement signed by the spokesman of Governor Aliyu, Abubakar Bawa, the government urged the Vice President to always have full knowledge of issues of national concern before commenting on them.

“We sincerely expected the Vice President to have consulted the Governor before going public.

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“As an elder statesman and a father to all he should have facts and figures before judging on issues raised by mischief makers and the mushroom social media handlers known for negative propaganda.

“The fact of the matter is that there was never any attempt to sack the Sultan nor have we sent him any threat regarding that.

“Sultan enjoys all the powers he is entitled to. We never denied him any of his freedom or rights .

“We therefore do not need to be told to guard, protect, and promote the Sultan. It is our sole responsibility.

“The government and People of Sokoto cherish and adore the sultanate council and would do everything possible to protect the dignity of the revered institution. The Government to this end reassures all Nigerians that, it will continue to protect the sultanate council and its dignity at all times,” the statement read.

Sultan: Check your facts well, Sokoto govt replies Shettima

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