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Fake Degrees: FG To Bring Perpetrators To Book – Tinubu



President Bola Tinubu on Saturday, says Machineries have been put in place to bring the menace of fake degrees to an end and make the perpetrators face the wrath of the law.

The President stated this in Bauchi during the convocation for 19,252 students of the 26th, 27th, 28th and 29th set of the Abubakar Tafawa Balewa University (ATBU), Bauchi state.

Represented by Mr Ochedo James, Director University Education, Federal Ministry of Education, the President assured that his administration would do everything to ensure that universities were improved inline with global best practices.

“I’d like to tell you that the present administration is steadily studying the education sector including the tertiary subsector with the view of finding a blueprint to achieving greater success in service delivery.

“In order to safeguard the sanctity of our graduates, the federal government had noted gradual encroachment of fake degrees certificates acquired by some unpatriotic Nigerians from unscrupulous institutions mostly from beyond the borders of this country.

“Machineries have been put in place to bring this unwholesome threat to an end and those who engage in this shall face the wrath of the law,” he said.

Tinubu, who noted that Nigerian universities had witnessed untold hardship over the years due to frequent strike actions, said that his government was focusing on creation of an enabling environment for sustainable dialogue to bring strike actions by staff union to an end

According to him, the university system in Nigeria has come a long way and has recorded a lot of achievements in training various professionals in every field and experts in various disciplines that were contributing to development not only in the nation but worldwide.

He urged the ATBU to intensify its collaborative efforts with the universities across the globe in order to conceptualise research ideas for the benefits of the country.

“I am aware of the landmark achievements Nigerian academics have recorded in the areas of research in science and technology.

“Few countries in Africa can boast of the robust and vibrant research activities leading to amazing discoveries as been done by Nigerian researchers.

“Your efforts will not go in vain as we are more than ever ready to give you all the support needed for you to do more to ensure that our graduates remain competitive in a reputive changing world,” said the President.

Earlier, Gov. Bala Mohammed of Bauchi state, said his administration would like to absorb the graduated medical students of the institution in a move to address the shortage of medical doctors in the healthcare facilities.

Represented by his Deputy, Mr Auwal Jatau, Mohammed said that ATBU, Bauchi has consistently been a beacon of knowledge and innovation, adding that its stood tall among its contemporaries in the country.

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Naira Continues To Depreciate Against Dollar Despite Intervention Of CBN



The Naira has continued to depreciat9 against the United States dollar for the fifth time despite the Central Bank of Nigeria’s sale of foreign currencies to legitimate Bureau De Change operators.
FMDQ data revealed that the naira dropped to N1,300.15 per dollar on Tuesday from N1,234.49 traded on Monday.
The figure represents N65.66 (5 per cent) loss compared to the N1,234.49 it exchanged for on Monday.
On Tuesday, the apex bank sold 10,000 dollars each to BDC at N1,021 per dollar.
This is the third recent intervention for BDCs amid the bank’s effort to defend the naira.
On Tuesday, the Economic and Financial Crime Commission, EFCC, said it had frozen about 300 accounts on a cryptocurrency platform to ensure the safety of the foreign exchange market recalled that the anti-graft agency earlier had continued its clampdown on Binance and other cryptocurrency platforms blamed for manipulating the country’s foreign exchange market.
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Power Sector: FG To Establish 3 Gigawatts Of Solar Energy in 25 States – Minister



Power Sector: FG To Establish 3 Gigawatts Of Solar Energy in 25 States – Minister
…say poor funding, insufficient gas supply responsible for power deficit
By Gloria Ikibah
Nigeria’s Minister of Power, Adebayo Adelabu, had said that the federal government is working towards the establishment of three gigawatts of solar energy sources across the 25 states in Northern and South Western parts of the country.
According to him, this is a novel approach that will go a long way to solve the power problems, even as he called on state governments to invest in power generation in their states.
The minister stated this at a two-day Power Sector Stakeholders Interactive Dialogue/Workshop organized by the House of Representatives Committee on Power with the theme “Confronting Nigeria’s Power Challenge as the Nation Migrates to a Multi-tier Electricity Market: A Legislative Intervention” on Tuesday in Abuja.
Adelabu who said that hydro energy would be deployed for the coastal cities, also lamented that the country has witnessed incessant collapse of transmission which is caused by lack of adequate infrastructure.
He admitted that most of the infrastructure in the power dates back to the 1960s, with no single backup for the national grid, and called for alternative sources in the situation where there is a collapse of the grid.
The Minister also disclosed that the major factors responsible for the power deficit currently faced by the country is as a result of inadequate financing and insufficient gas supply.
Adelabu who lamented the current state of power supply across the country, however, assured Nigerians of the determination of the President Bola Tinubu-led administration to address the challenges and make Nigeria a suitable place for business.
He said “No sector can function optimally without the power sector. Over the years, poor financing, and inadequate gas supply have been responsible for the energy deficit we have in the country. But a lot of work is going on to address these challenges.”
Earlier in his welcome address, the
Chairman, House Committee on Power, Rep. Victor Nwokolo explained that the purpose of the interactive dialogue/workshop was to provide a dynamic platform for stakeholders to evaluate the progress so far in the Nigerian Electricity Supply Industry (NESI) development.
He revealed that discussions will centre around the seamless transition to a Multi-Tier Electricity Market, as outlined in the Electricity Act of 2023.
According to him, “his transition, holds immense potential to enhance competition, efficiency, and reliability within the electricity market, ultimately benefitting consumers and driving economic growth”.
He said: “Through collaborative brainstorming and analysis, we aim to chart a clear roadmap for this transition, ensuring that it is smooth, inclusive, and conducive to sustainable development.
“Furthermore, this workshop will serve as a platform for stakeholders to explore innovative solutions to the persistent challenges plaguing the power sector. From infrastructure development and financing to regulatory frameworks and consumer engagement, we will examine a wide array of issues and propose actionable strategies for improvement.
“In addition to these objectives, we aspire for this workshop to foster enhanced collaboration and partnership among stakeholders. By bringing together legislators, representatives from government agencies, regulatory bodies, industry players, academia, and civil society, we aim to cultivate a culture of cooperation and collective action towards our shared goal of a vibrant and resilient power sector”.
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How Yahaya Bello withdrew $720,000 from Kogi account to pay child’s school fees -EFCC Chairman



By Francesca Hangeior

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that a former governor of Kogi State, Yahaya Bello, transferred $720,000 from the government’s coffers to a bureau de change before leaving office to pay in advance for his child’s school fee.

Olukoyede revealed this during an interview with journalists on Tuesday in Abuja.

He said, “A sitting governor, because he knows he is going, moved money directly from government to bureau de change, used it to pay the child’s school fee in advance, $720,000 in advance, in anticipation that he was going to leave the Government House.

“In a poor state like Kogi, and you want me to close my eyes to that under the guise of ‘I’m being used.’ Being used by who at this stage of my life?”

Olukoyede further stated that he personally reached out to Bello, offering him a chance to clarify the situation in a respectful setting within the EFCC office but the ex-governor reportedly declined to cooperate, citing fears of harassment from an unnamed woman.

The EFCC boss added, “I didn’t initiate the case; I inherited the case file. I called for the file, and I said there are issues here.

“On my own, I called him, which I am not supposed to do, just to honour him as an immediate past governor. ‘Sir, there are issues. I’ve seen this case file. Can you just come let us clarify these issues?’

“He said, ‘Ha! Thank you, my brother. I know, but I can’t come. There’s one lady that has surrounded EFCC with over 100 people to come and embarrass me and intimitade me.’

Bello was said to have suggested that the EFCC come to his village rather than conduct an investigation at the agency’s quarters.

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