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UI’s Prof of Economics Femi Kayode buried amidst tributes

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UI’s Prof of Economics Femi Kayode buried amidst tributes

The late Professor Matthew Olufemi Kayode, former Special Adviser to the President on Economic Matters has been buried in his hometown, Egbe, Yagba West Local Council Kogi State at the weekend, amidst torrents of tributes from family, friends, associates and mentees.

The late Kayode until his death, was Director, Centre for Resource Management and Consultancy at the University of Ibadan.

He died on August 10, 2020 at the University College Hospital (UCH), Ibadan, after a brief illness, aged 81 years.

The weeklong celebrations of the life and times of the erudite scholar included the Service of Songs, ‘Night of Tributes’ and launch of Femi and Dupe Kayode Foundation, named after him and his late wife.
The event held at the Theophilus Ogunlesi Hall, UCH, Ibadan and Trenchard Hall, UI between Tuesday and Wednesday respectively, with prominent Nigerians in the academia and all walks of life, including President Muhammadu Buhari paying tributes to the late Kayode for his service to the nation and humanity.

In his message at the commendation church service at Bodija-Ashi Baptist Church, Ibadan, Thursday, Rev (Dr) S.O Wojuola who led the service urged the congregation to use the opportunity of the service for the late don to devolop a relationship with God and live wisely to understand God’s will and gives thanks to God for everything.

According to him, “God has spoken through the service that the days are evil and you cannot afford not to live wise”.

In a tribute, a former Vice-Chancellor, University of Ibadan, Professor Olufemi Baniro, said the Late Professor Kayode served the nation meritoriously in his career as an economics professor.

He noted that the late Professor would be greatly missed in the Department of Economics, at the University of Ibadan.

Two of the children of the deceased, Mrs Olufunlola Afolabi and Mrs Olutomilola Miriki who reminisced on times with their father, said he left indelible marks in their lives.

President Buhari in a message by Special Adviser on Media and Publicity, Mr Femi Adesina, condoled with the government and people of Kogi over the loss of the distinguished economist for his willingness to leave the university to share knowledge, wisdom and experience with governments.
President Buhari noted that the deceased served variously as Chairman sub-committee, National Revenue Allocation, Mobilization and Fiscal Commission and Member, National Capital Issues Commission.
Late Kayode was also Chairman, Think Tank Committee for Strategic Projects, National Raw Material Development Council; Member, Technical Committee, Vision 2010; Member, Central Bank of Nigeria (CBN) Board of Directors and a number of strategic Committees and Commissions in Kwara, Kogi and Lagos States.
Buhari believed the former Special Adviser dedicated his time to serve the nation, and his contributions to national development would always be remembered. The president prayed for the repose of his soul.

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Magu: FCMB tenders appology to Pastor Omale

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Magu: FCMB tenders appology to Pastor Omale

First City Monument Bank (FCMB) has apologized to Pastor Emmanuel Omale, General Overseer of the Divine Hand of God Ministries and associate of suspended Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu over N573 million mistakenly paid into his account.

The apology, published in three national newspapers, The Guardian, Daily Trust and Business Day, was sequel to a threat by Pastor Omale’s lawyer, Mr Gordy Uche, SAN, to sue the bank for N5 billion damages for defaming his client.

In a letter dated September 11, 2020, titled “Re: Bank Negligence Occasioning Unique Investigation And Defamation To Our Client” and sent to Uche, with copies of the public apology attached, the bank reiterated that the sum of N573 million was mistakenly paid into Omale’s account and also denied that the error was intentionally done to tarnish the image of the revered cleric.

Legal Counsel, Adewale Fati and Olugbenga Elemide, who signed the letter on behalf of FCMB, stated that the bank regrets the error and has accordingly published a public apology in three national newspapers as demanded by the senior advocate on behalf of Pastor Omale.

The letter reads in part, “Please be informed that in line with the undertaking contained in our aforementioned letter, we have published in three national newspapers (The Guards newspaper, Daily Trust newspaper and Business Day newspaper) on September 11, 2020. Please find attached herewith copies of our public apology to Divine Hand of God Ministries.

” It is our hope that the public apology has assuaged the grievances of your client, having seen that the error was indeed not borne out of any malice towards them. Kindly extend our good wishes to your client, whilst assuring you of our warm professional regards”.

Uche SAN had earlier written to FCMB demanding a public apology in three national newspapers and N5 billion as damages for alleged defamation of Pastor Omale and Divine Hand of God Ministries as a result of the said N573 million mistaken deposited in the cleric’s account with the bank.
It could be recalled that certain section of the media had alleged that the pastor bought a non-existing N573million house for Magu.
But the allegation collapsed like a pack of cards when the FCMB publicly stated that there was an error as no money was paid into the pastor’s account

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OBJ celebrates Okorocha at 58

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OBJ celebrates Okorocha at 58

Former President, Chief Olusegun Obasanjo has joined other well-wishers to celebrate with the former governor of Imo State, Senator Rochas Okorocha on his 58 birthday. 

Obasanjo noted that by all measures, Okorocha has lived a worthwhile life of service to the nation and humanity.

He added that he has proved his competence in various fields of endeavour. 

In a statement issued by his Special Assistant on Media, Kehinde Akinyemi, he said the former President appointed the former governor as Presidential Adviser (Inter-Party Relations) during his administration between 1999 – 2007.
According to him Okoroncha demonstrated strong commitment and enhanced partnership among all the shareholders.

“Between 2011and 2019, you served as Governor of Imo State, where you pursued peaceful co-existence between people of different ethnicities and religions in Imo State.
Currently as a Senator of the Federal Republic of Nigeria, he is adequately representing his Constituency, Imo West Senatorial Zone.
“For all these, we give glory and honour to God, the Creator.”

Obasanjo added that Okorocha’s life has demonstrated clearly “That from a modest background, determination, industry and dedication, one can lead a life of success to humanity.

“I am glad to note that, marking your birthday, you will be spending your precious time with the less-privileged and the vulnerable members of our society. It is not surprising anyway, as you have done similar thing in the past.

“Your underlying commitment to education and your quiet philanthropic activities which culminated in your establishment of Rochas Foundation cannot be over-emphasised. Indeed, you must be commended for the magnanimity, gesture, deep love, concern and admiration that you have always exhibited towards the common people in particular and human capital development in general,” Obasanjo was quoted as saying.

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Oyo is in competent hands of a prudent manager of resources, says CPS

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Oyo is in competent hands of a prudent manager of resources, says CPS

Gov. Seyi Makinde of Oyo State, is running the affairs of the state with ingenuity to deliver incisive governance, the chief Press Secretary to the Governo Mr Taiwo Adisa has said.
Adisa stated this during a radio programme in Ibadan on Saturday as contained in a Statement issued by Moses Alao, Makinde’s Special Assistant on Print Media.

Adisa reiterated that Makinde has been spending the state’s resources to benefit the people of the state, contrary to insinuations that the governor has been spending Oyo State’s money on politics in other states.

“There is no truth in the claim that Gov. Makinde has been spending the state’s resources on politics in other states.

“This is why a lot of efforts have been going into turning around the infrastructure of the state across health, education and other sectors.

“The Makinde administration’s innovative project funding approach is bringing about an ongoing massive turnaround in the infrastructure deficit of the state, notwithstanding the global setback occasioned by the COVID-19 pandemic.


“The introduction of the Alternative Project Funding Approach (APFA) by the Makinde administration, which allows contractors to raise funds to execute critical infrastructure, while the state pays at a later period, has enabled the state to substantially bridge the worrisome infrastructural deficit it inherited in 2019.” Adisa explained.

He said the criticisms coming from the opposition party in the state over volumes of loans or planned bond issuance were needless and mere distractions.

Adisa added that the state government could not fold its arms “and say that because there is COVID-19 it would not plan for the future of the state.”

He stated that infrastructure projects, including the ongoing 21 kilometre Ajia-Airport road, remodelling of the Lekan Salami Stadium, Adamasingba, as well as construction of four transport interchanges, among others, were parts of the innovative plans of the administration to turn things around and expand the economy.

Adisa said that the processes of getting the bond were ongoing, saying that government has not collected any amount.

He added that every kobo that would be borrowed “is tied to infrastructural development and they are highlighted at every point in time.”

On the ongoing remodelling of the Adamasingba Stadium in Ibadan, in spite of limited attendance at stadiums due to COVID-19 pandemic, Adisa said that the Makinde administration was already looking beyond the pandemic and planning for the future.

“Premier of the Western Region, Chief Obafemi Awolowo, built stadium in the 1950s, at that time, the population of Oyo state should be under 2 million and then, the people did not ask if the stadium was a priority.
“Some 44 years ago, Adamasingba Stadium was built and allowed to go to ruins. How do you prepare for tomorrow when you leave today in ruins?

“It is because we are preparing for tomorrow that we don’t want to allow COVID-19 to keep the world down longer than necessary anymore; that we want to build youth and investment capacity.

“And all that; to make sure we have a thriving stadium that we can use to pull out the energy of our youths once again in all aspects of sports so that they can compete nationally and internationally,” he stated.

Speaking on the establishment of the Oyo State Anti-Corruption Agency, Adisa revealed that work had reached an advanced stage.

According to him, the state government had instituted a painstaking process to search for persons of impeccable integrity to man key positions in the agency, which would commence operations soon.

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