News

Edo @32: Times Are Bleak, But ‘We Must Not Lose Hope’, Obaseki Charges

Published

2 years ago

August 27, 2023

Governor of Edo State, Godwin Obaseki, has said the nation is experiencing harrowing times with the future looking bleak amid the current socio-economic challenges.

Obaseki said this during an interdenominational thanksgiving service to mark the Midwest Referendum and 32nd anniversary of Edo State, held at the New Festival Hall, Government House, Benin City.

The governor noted that the glory of a new Edo Nation stands on the threshold of transformation in the area of infrastructure, development, innovation, and inclusiveness to build a State where humanity thrives.

Urging Nigerians not to lose hope in the country despite the prevailing circumstances, Obaseki said, “I appreciate all those who have created time to come and worship with us at the 60th Mid-West Referendum and 32nd anniversary of Edo State.

“We are here today to praise and thank God for what He has done for us as a people. Yes, things are difficult, times are hard, and the future looks bleak but we must thank God as it can only get better with our belief and hope in him. This morning, I am expected to make some declarations upon the State and the glory of the new Edo nation.”

Quoting the Book of Psalms 24 vs 1-2, the governor said, “Dear citizens of Edo State, blessed is the nation whose God is the Lord. The people He chose for his inheritance, the Earth is of the Lord and everything in it, the World and all who lives in it, for He founded it on the sea and established it on the waters. (Psalms 24 vs 1-2).

“Father you are as close as the very air we breathe. May we and our beloved State continue to grow and revolve around you and the light, life, and increase fill Edo State.”

Obaseki continued: “Today marks a pivotal movement in our journey, a sermon to unite us in our collective efforts; the dawn of this new era has unveiled a horizon of limitless possibilities. It is both a responsibility and privilege to grasp this opportunity with unyielding determination.

“As we stand on the threshold of transformation, let us remember the dreams that ignited our hearts and inspiration that propel our endeavor; we are the architect of this emerging glory in our beloved State.

“Entrusted with the responsibility to shape its destiny, the glory of the new Edo rests not in its infrastructure alone but in the belief of its people, steadfast in their commitment to progress and unity. Let us carry the thought of innovation because it’s through innovation that we shall illuminate the path to success and prosperity.”

He further added, “Let us break the barrier that hinders spiritual revival, progress and inclusivity, creating a flourishing society with the fear of God, diversity and shared purpose. The foundation of this new horizon is built upon righteousness, justice, and collaboration with neighbors joining hands.

“Our successes will continue to be celebrated collectively; our challenges will be met with collective determination. The glory of this new era is not a distant idea; it’s woven into our beliefs and actions. Today we charge ourselves with the responsibility to be the driving force behind the glory of a new Edo. Our dedication is unwavering, our efforts tireless and commitment resolute.”

Representative of Delta State Governor and Delta Commissioner for Works, Aniagwu Charles, while celebrating with Governor Obaseki and Edo people on the auspicious occasion, said, “I bring greetings from the people of Delta State, wishing the Governor and the people of Edo State to finish strong.”

In his sermon titled, “Edo the Beautiful” and reading from Ecclesiastes 3:11, the former Chairman of Pentecostal Fellowship of Nigeria (PFN), Felix Omobude said, “We all should build on the value of Edo State which are integrity, honesty, and respect for one another. Edo people must give honour to Him who made everything beautiful for the State.”

Commending the governor for his transformative projects across the State, Omobude noted, “I want to thank the governor for the good things you are doing for Edo people. It truly represents us as things are beautiful in the land. Some States are still struggling to pay N30,000 minimum wage but Edo has gone beyond that paying N40,000, the highest in Nigeria. The governor is making life beautiful in Edo State.”

News

SEC Bans CEOs From Becoming Chairmen Without 3-year Break

Published

6 hours ago

June 21, 2025

Editor

The Securities and Exchange Commission has issued a new directive prohibiting Chief Executive Officers and Executive Directors from immediately assuming the position of Board Chairman within the same company or group after leaving office.

A mandatory three-year “cool off period” has been introduced before such transitions can take place.

The directive is part of a wider effort to strengthen corporate governance and prevent the concentration of power in public companies and capital market operators deemed to be of significant public interest.

This was disclosed in a circular released by the Commission and signed by the management on Thursday on its website titled “Circular to All Public Companies and Capital Market Operators on the Transmutation of Independent Non-Executive Directors and Tenure of Directors.”

The SEC expressed concern over what it described as a “worrying trend of the transmutation/conversion of Independent Non-Executive Directors (INEDs) to Executive Directors, including to the position of the Chief Executive Officer.”

It warned that such practices undermine board independence.

The Circular reads,”This practice clearly erodes the neutrality of the transmuting INEDs, compromises their ability going forward to provide objective judgment and is generally antithetical to the principles which underpin independent directorship as outlined in both the National Code of Corporate Governance (NCCG) as well as the SEC Corporate Governance Guidelines (SCGG).”

As a result, the Commission has directed the immediate discontinuance of the conversion of INEDs into Executive Directors within the same company or group structure.

The new rules also introduce strict tenure limits. Directors in Capital Market Operators considered to be of significant public interest will now be limited to 10 consecutive years in the same company, and 12 years within the same group structure.

“A Chief Executive Officer or Executive Director who steps down after 10 or 12 consecutive years, as the case may be, cannot be appointed as Chairman until the expiration of a 3-year ‘cool off period’.

“The tenure of such former Chief Executive Officer and Executive Director as Chairman shall be for a maximum of 4 years and no more.”

The SEC said these changes are backed by its powers under Section 355(r)(iv) of the Investments and Securities Act (ISA) 2025, which authorises it to set governance standards for regulated entities.

“The foregoing directives take immediate effect and compliance is mandatory. Public Companies and Capital Market Operators are therefore required to take the directives into account in their board appointments and succession planning,” the statement added.

The Commission also clarified that years already served by current officeholders will count toward the newly established tenure caps.

News

We’ve Initiated Policies, Reforms For Sustainable Health Delivery System — Edo Deputy Gov

Published

8 hours ago

June 20, 2025

Editor

Deputy Governor of Edo State, Hon. Dennis Idahosa has
said that the Senator Monday Okpebholo-led administration has initiated policies and reforms that will ensure a sustainable healthcare delivery system.

Idahosa stated this while chairing the second meeting of the state taskforce on Primary Health Care (PHC), at the New Festival Hall, Government House in Benin.

According to statement by his Chief Press Secretary, Mr. Friday Aghedo, the meeting included the taskforce members, stakeholders, and developmental partners.

In his keynote address, the deputy governor called for societal vigilance and surveillance to help curtail the effects of the outbreak of Dengue Fever and Diphtheria.

He mentioned that the state was putting up concerted efforts at building a responsive and resilient PHC system.

He encouraged members of the taskforce to be solutions driven, as well as be an instrument of change in their quest to disseminate, enlighten and champion a result driven health process that benefits locals across the eighteen local government areas.

He noted that the plan was to make primary healthcare the most accessible form of healthcare in the state to aid better maternal and health outcomes.

Idahosa singled out and commended the Egor local government chairman, Hon. Kelvin Eguaekun, for his concerted effort to network and maintain cleanliness in his council area.

Idahosa informed the state government move to implement a reward system for local government chairmen who play critical roles in their domains by disseminating and implementing processes that showcase the benefits of a cleaner environment to drive down diseases.

Amongst chairmen who pledged to implement reached decisions at the stakeholders meeting included Hon. Haruna Mohammed of Owan East and Hon. Joy Ohonyor of Owan West.

News

What We’ve Done So Far To Curtail Ravaging Dengue Fever, Diphtheria – Edo Govt

Published

8 hours ago

June 20, 2025

Editor

Edo State government said measures have been put in place to combat the outbreak of Dengue Fever and Diphtheria.

The state Commissioner for Health, Dr. Cyril Oshiomhole, disclosed this during a meeting with the state deputy governor and taskforce on Primary Health Care (PHC), at the New Festival Hall, Government House in Benin

He said the government has made donations of medical supplies to the University of Benin Teaching Hospital (UBTH) as part of the intervention.

Oshiomhole listed the medical supplies to include hospital beds, mattresses, oxygen cylinders, intravenous fluids, and and erythromycin, among others.

Dr. Oshiomhole also mentioned that the state received support of twenty doses of Diphtheria antitoxins from Delta state government.

“We also want to commend the UBTH, the Nigerian Centre for Disease Control (NCDC), and development partners such as UNICEF, WHO for their collaborative efforts and provision of technical support to combat the disease.

“NCDC provided the state with diphtheria antitoxins and intravenous erythromycin and other logistics.

“In addition, NCDC team is presently on ground to do a verbal autopsy of some of the current victims of the Diphtheria outbreak,” he stated.

He noted that the state is also faced with dengue fever which has led to the emphasis on the need for a cleaner environment.

Oshiomhole also reminded on Lassa fever whose outbreak can be controlled to an extent through environmental cleanliness.

The commissioner explained the reactive vaccination for teens from ages 5-14 in schools based on the outbreak of Diphtheria in six council areas of the state.

He harped on the need for contact tracing in neighborhoods and schools in order to track and vaccinate high-risk people, front liners, and high-risk personalities in society.

Earlier, Executive Secretary, Edo State Primary Health Care Development Agency (EDSPHCDA), Dr. Coulsen Oisokhai, called for collaboration with civil society organizations and development partners to strengthen relationships.

Speaking on behalf of implementing partners, Dr. Nora Eyo of the WHO harped on vaccine hesitancy as a major challenge faced in Edo State.

She pointed out the prevalence of waste dumps in residential buildings in the state as a challenge to sound health.