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Mbah, Balogun, Others to Grace Investiture of Ibe As 56th President of Rotary Club of Ikeja



The Governor of Enugu state, Barrister Peter Mbah will be leading other eminent personalities, including Chairman of Ikeja Local Government, Dr. Mojeed Alabi Balogun, former Managing Director of First Bank Merchant Bank, Chief (Dr.) Chilo Offiah, former General Manager of Nigerian National Petroleum Corporation, Barrister (Dr.) David Ogbodo, Dr. Jeff Nnamani and Prince Okenna Afamefuna to grace the investiture of Rotarian Emeka Ibe as the 56th President of Rotary Club of Ikeja and induction of the Board of Directors for the new 2023/2024 Rotary Year.

The investiture which is scheduled to take place on Sunday, July 9, 2023 at the Oranmiyan Hall, Lagos Airport Hotel, Obafemi Awolowo Way, Ikeja is targeted at raising funds for humanitarian services and will have scholar, philanthropist, Pro-Chancellor and Chairman, Governing Council of the Enugu State-owned State University of Medical and Applied Sciences, SUMAS, Igbo-Eno, Enugu State. Monsignor (Professor) Obiora Ike as the guest speaker.
According to a press release issued by the club’s Director of Public Image, Rotarian Segun Adebowale, the club will also be conferring honorary membership as well as bestowing awards of recognition for commitment to humanitarian activities to Chief Kingsley Eze, Dr. Balogun, Chief (Dr.) Offiah, Major General Vic Ezugwu (retd), Barrister (Dr.) Ogbodo and Dr. Jeff Nnamani and Prince Okenna Afamefuna.
While identifying his focus areas in the new Rotary Year, the incoming President said he would concentrate on the seven areas of focus of Rotary International, including mental health which was recently introduced by the President of Rotary International, Mr. Gordon McInally.
According to Ibe, ‘’The seven areas of focus plus one will be weaved around the Rotary themes for each month. Rotary gives succor to the needy and within this year we would use our talent, time and treasure to give a hand to the needy in the society.

More importantly, we would key in to the primary areas of focus of our District Governor, Rotarian Ify Ejezie, which are fortifying the Rotary Foundation and telling the Rotary story in a beautiful manner.’’

He added, ‘’Again the RI President, Mr. Mclnally introduced the eighth area of focus which centers on Mental health. This topic is apt because recent research has shown that we have far many people with mental challenges that require urgent attention other than the mad people we see daily on the streets. We would also delve into that within the Rotary year via seminars to educate the populace on the ways of managing issues that adversely affect our mental health.’’

Rotarian Ibe, a quintessential chartered accountant, financial consultant and tax expert was born to the family of Papa Anthony Jideije Ibe (of blessed memory) and Mrs. Cordelia Udegbu Ibe in 1964. He started his academic journey immediately after the civil war in 1970. He had both his primary and secondary school education in Enugu.
He obtained his West African School Certificate results from Christ High School, Abor and passed many of the subjects with distinction obtaining a ‘Grade One’ in 1980.

He studied accountancy at Federal Polytechnic Idah where obtained a HND certificate with flying colors. He served his fatherland at Cross River State in 1987. He later bagged an MBA in Business Administration from University of Calabar and later an MSc in Accountancy from Enugu State University of Technology Business School. He has been offered an admission by the same University to commence his doctorate (PhD) program.
Rotarian Ibe has had an exciting career in both the public and private sector of the economy. He is the Managing Consultant of Valid Points Consulting, a firm that plays crucial roles for its clients in accounting system automation and e-gov. He is also a principal consultant to African Capital Market Consultants a firm that consults for players in the Nigerian Capital Market and Cross Boarder Listing.

He is fellow of the Institute of Chartered Accountants of Nigeria (ICAN). Rotarian Ibe is also a member of Chartered Institute of Taxation of Nigeria (CITN) and Enugu State Professionals Chapel. He is a member of Knights of Saint John International (KSJI), Ikeja Golf Club and currently the Chairman of Hilltop Club 1972, Lagos, an elite Club that comprise quintessential sons of Enugu State who are captains of industry, technocrats and business tycoons in Lagos State.

He holds the title of ‘Chief Ezenwata’ and he is a member of the Igwe Cabinet in his town, Aguobu Owa in Enugu State. He is happily married to Mrs. Ifeoma Joyce Emeka-Ibe and they are blessed with lovely children.

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Economic Hardship: Sanwo-Olu Slashes Transport by 25%, Approves 3-Day Work Week




Lagos State governor, Babajide Sanwo-Olu, has announced a 25 per cent slash in transport fares for government-owned transport schemes.

Sanwo-Olu, who made this announcement during a live media chat tagged: ‘Sanwo Speaks,’ on Thursday, said that civil servants from levels 1–14 will begin to work three days a week as part of measures to ease the economic challenges.

He explained that the forum was meant to intimate residents of measures adopted to reduce the economic burden on Lagosians.

The governor noted that workers in the teaching sector will, however, maintain the five-day-a-week work schedule, while the government will ensure additional transportation support for them.

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Hardship Caused by APC under Buhari, Reason Tinubu’s Unable to Speak Out, Says Gbenga Daniel




The Senator representing Ogun East senatorial district, Otunba Gbenga Daniel, has expressed his wish that President Bola Tinubu should speak on the already failed economy he inherited from former President Muhammadu Buhari, detailing the efforts he has put in to strengthen the economy since assuming office.

Senator Daniel added that Tinubu has refrained from speaking because the same party he is standing for, was largely responsible for the misdeeds in the past.

The former Governor of Ogun State noted that Tinubu could not talk about the realities at the moment, pleading with Nigerians to persevere and show understanding and cooperation with the present administration as it remains committed to a more prosperous nation.

He further appealed to Nigerians to encourage the president, emphasising that he has done a lot in salvaging the country.

Daniel, who admitted hardship in the country, hinted that the menace was caused by the past government but hoped for better days.

“Our President Bola Ahmed Tinubu has done a lot. I wish he could talk now but he can’t talk because this is the same party he stood for, so he can’t; but from what I know we just have to praise his courage. We know things are very difficult but we need to encourage Mr. President, we urge our people to be patient, by the special grace of God everything will be alright.”

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Atiku’s Aide Accuses Tinubu’s Govt of Diverting Funds Through Fake Petrol Subsidy




Phrank Shaibu, a Special Assistant on Public Communication to former Vice President Atiku Abubakar, has alleged that the refusal of the Federal government to react to recent reports on the return of petrol subsidy shows that public funds have started going into private pockets.

Shaibu made the allegation through a statement while reacting to reports by the International Monetary Fund (IMF) that the Nigerian government has begun paying petrol subsidy again.

According to media reports, monthly subsidy payment is nearly N1 trillion, far in excess of exceeds the amount paid monthly by the President Muhammadu Buhari administration.

Reacting to the allegation, Shaibu said it has become clear that one of the reasons the Nigerian National Petroleum Company Limited has not been paying the required amount of money into the government’s account is because monies are being diverted under an opaque and secret subsidy regime.

He alleged: “Tinubu has been boasting at every economic forum that he deserves to be in the Guinness Book of records for removing petrol subsidy.

“He even said before ringing the closing bell at NASDAQ in New York last September that the ‘corrupt subsidy’ regime and FX issues had been resolved.

“But as every other thing relating to Tinubu, this has turned out to be another lie from the pit of hell. Currently, the exchange rate based on what the Central Bank of Nigeria recommended to the Nigeria Customs Service is N1515/$1.

“Hence diesel price is now over N1,200 but petrol is still selling for between N600 and N700.

“Nigeria is the only country in the world where such disparity between diesel and petrol exists. It has become obvious that petrol subsidy has returned through the backdoor.

“With the return of petrol subsidy, oil marketers have opted out and that is why the NNPC has returned to being the sole importer of petrol once more and has the temerity to be announcing that it will not increase petrol cost regardless of the international price of crude oil and the exchange rate.

“To be clear, petrol subsidy in itself is not a bad thing when it is done transparently.”

Shaibu added: “Former CBN Governor, Lamido Sanusi, expressed shock last month that NNPC was still not remitting FX into government’s accounts.

“It is now obvious why this has been happening. Subsidy has returned but it is now being done in a corrupt and secret manner as funds are now being diverted into private pockets even worse than under Buhari. This is the Tinubu Lagos legacy from Lagos State.”

Shaibu said it was disappointing that the Finance Minister, Wale Edun; and CBN Governor, Yemi Cardoso, who both claimed to have gotten their appointments based on their expertise had failed to speak up but had continued to cover up the petrol subsidy.

He also alleged that the Tinubu government had continued to frustrate the takeoff of the Dangote refinery which would have at least reduced Nigeria’s FX demands.

“The media reported last week that lingering regulatory approvals have stalled Dangote Petrochemical Refinery’s plan to release aviation fuel (Jet A1) and diesel for sale in the Nigerian market.

“At the same time, Dangote refinery has been struggling to get the needed crude oil and has decided to import from the United States while the NNPC which has no business with monetary policy, committed Nigeria’s crude oil for a $3.3 billion Afreximbank loan ostensibly to stabilise the naira.

“It is obvious that Tinubu and his so-called economic team are quacks, charlatans who put their personal interest ahead of that of the country. With such Lilliputians at the helm of affairs, Nigeria’s economic woes are about to go from bad to worse,” Shaibu added.

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