In a bid to spark up the economy of Kogi State, Governor Yahaya Bello, has restated his unalloyed commitment to boosting power supply across the state and make life more meaningful to the people.
The Governor, who spoke through his Director General on Media and Publicity, Kingsley Fanwo, stated that one of the cardinal goals of his government is to ensure a significant improvement in power supply.
Fanwo said the Governor is prepared to commit himself to achieving sustainable improvement in power infrastructure to significantly boost power in the State.
“To match his electioneering campaign promise to make power available to Kogi people, the Governor has set up a powerful committee headed by the Secretary to the State Government, Mrs. Folashade Arike Ayoade, to actualize that goal.
“The Committee, which has the Special Adviser to the Governor on Energy and Mineral Resources, as Secretary, also has as members the Honourable Commissioner for Finance and Economic Development, Special Adviser to the Governor on Multilateral and Donor Agencies, Permanent Secretaries of Works, Lands and Housing as well as Rural Development. The Abuja Electricity Distribution Company also has a representative in the committee.
“The constitution of the Committee underscores the determination of the present administration in the State to ensure adequate power supply to boost the economy.”
The Governor charged the committee to identify and re-energize the critical infrastructure necessary for the delivery of power to the State, propose a road map for the successful delivery of uninterrupted power to the State, as well as attract investment into the State.
Governor Yahaya Bello assures Kogites of his administration’s readiness to collaborate with Federal Ministries, Departments and Agencies charged with electricity regulation in the country to achieve his stated goal.
Again, Oando Floors Securities Exchange Commission
Again leading oil and gas company, Oando has floored Securities Exchange Commission, SEC as Justice Ayokunle Faji, sitting at a Federal High Court in Lagos, Friday, 5 July 2019 granted leave to Oando Plc to file a motion for a judicial review of the SEC’s decision imposing a fine of N89,675,000 on it.
Justice Faji, granted “an order of certiorari bringing up to the Federal High Court for the purpose of being quashed, the decision of the first respondent (SEC) contained in its letter dated 31st May 2019”.
SEC Acting Director-General Mary Uduk, SEC and Mutiu Sunmonu, who was appointed as Oando’s interim head, are the first to third respondents.
The court also granted an order of certiorari for the quashing of SEC’s directive to Oando to convene an extraordinary general meeting on or before July 1 to appoint new directors and articulate remedial measures for alleged corporate governance lapses. The court further granted an order of certiorari for the quashing of a press release by SEC on June 1 appointing an interim management team to be headed by Mr Mutiu Sunmonu (the third respondent) to oversee Oando’s affairs.
The judge granted “an order of prohibition and/or an injunction restraining and preventing the first and second respondents by themselves, agents, servants or whomsoever, howsoever from enforcing or seeking to enforce the decision contained in the letter dated 31 May 2019.”
Justice Faji also granted “an order of prohibition and/or an injunction restraining and preventing the second respondent from enforcing or seeking to enforce the decision of the first respondent contained in the press release made on Sunday, 2 June, 2019 appointing an interim management team to be headed by the third respondent to oversee the affairs of the applicant.”
The court made “a declaration that the first and second respondents acted ultra vires and without jurisdiction in making the decision contained in the letter of 31 May 2019 which conveyed the imposition of a fine of N89,675,000 on the applicant…”
Also granted was “an order directing that the leave sought herein if granted shall operate as a suspension and or stay of the decision of the first respondent contained aforesaid in its letter of 31 May 2019 as it relates to the applicant and as contained in the press release made on 2 June 2019 appointing an interim management team to be headed by the third respondent.”
Justice Faji directed Oando to ensure service on the respondents of the order and the application for judicial review within 48hours.
He adjourned until July 22 for the hearing of the application for judicial review before the vacation judge. SEC had on May 31 announced the conclusion of an investigation of Oando and ordered its Group Chief Executive Officer, Mr Wale Tinubu, his deputy Mr Omamofe Boyo, and other affected board members to resign. It barred Tinubu and Boyo from being directors of public companies for a period of five years.
SEC subsequently set up an interim management team headed by Sunmonu to oversee Oando’s affairs and to conduct an Extraordinary General Meeting on or before July 1.
In an ex-parte application filed through their counsel, Olasupo Shasore (SAN), Tinubu and Ojo prayed for an order of certiorari to quash SEC’s purported imposition of N91,125,000 fine on Tinubu.
The application was granted. Oando, also through Shasore, filed the latest application seeking for judicial review of the SEC decisions against it with a view to quashing them, which Justice Faji granted
At The Unveiling Of The Book, The Hidden Substance By Alonge Michael
Penultimate Thursday, precisely 27th of June, 2019, The Hidden Substance, a motivational Book by journalist and online news media publisher, Alonge Michael ‘Dele was unveiled at the prestigious Imperial Hall, Alausa area of Lagos.
In the author’s speech, Alonge said, “Speechless is the way i feel looking at all the adorable faces within the four walls of this hall that graced my first-ever intellectual compilation, The Hidden Substance.
Sincerely I don’t know how well to say it to you all that I am nothing, but a mere product of grace.
The journey that culminated to this destination and location today was borne out of the grace that guided me to realization and discovery of The Hidden Substance that lies hidden within me.
It hasn’t been a smooth voyage, but with perseverance, dedication and hard work, falling and raising, picking up the broken pieces, mending and discarding when necessary. I hope a critical and constructive look into my life via The Hidden Substance will act as a catalyst to erupt the latent volcano in as many people that seem boxed up in a tight corner, about to surrender to the unfavourable challenges and obnoxious obstacles life throws in their path.
I would want to encourage such people to shun every form of defeatist tendency, look inwards, challenge yourself and believe that you can always do better than now. A life of crime, drugs and other social vices should never define who you truly are. Rewrite your story, tell it to the world and someday soon you will be celebrated.
I welcome you all to the discovery of how I discovered The Hidden Substance.”
Present at the event which was professionally anchored by a sensational artist, Tito Da.fire had the presence of these notable personalities, Hajia Taibat Elemosho-Okesanjo a.k.a. Montai, Mrs. Ogboru, Omede Odekina from UBA, Gladys Sam-Sedi, MD First Spring Insurance, beauty queen Rose Tinuola, Director Swissgarde Adeola Opeogun, Kasy Kene, Mrs. Abiola Olugboja, Sam Olatunji of BigSam Media, Mr. Babatunde Olowu, Mrs. Helen Ovie, Obayi Irene, Taiwo Agboola and Kay Campbell, Tunde Ogunmola, Niyi Tabiti, Funsho Arogundade, Yusuf Adeoye, Aggrey Adedoyin, Omolara Olowolagba, Olajumoke Odusolu, Oduse Funmilola, Oluwaseyefunmi Odusolu, Bro Demola, Maryanne Oritoke Oshoffa, Tona Oguzie of Eluziv Concept Hospitality, Mrs. Sambo O. Kehinde, Clara Agada, Aderinoye Adedoyinsola, Ambassador Tayo Blackson, Olumide E. Ojo, Olumide Omotoye, Pastor P.A. Ajayi, Evang Gbagidi and others.
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