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Okpebholo’s ₦100b Loan Generates Reactions, Controversy

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A Hundred Billion Naira loan approved by the Edo State House of Assembly as support for Governor Monday Okpebholo’s administration in delivering key infrastructural projects across the state is generating controversy and reactions from the public.

In a phone-in programme on Benin-based B-Side Radio 98.1FM, while some callers asked the presenter to crosscheck if the loan really amounts to ₦100b or ₦100m, some questioned the rationale behind such a huge loan.

Also, while some callers chided Okpebholo’s administration for such a huge loan, some callers into the programme asked if such a huge loan is what the state needs at the moment in whatsoever infrastructure it may be used for, arguing that poverty and insecurity has taken over the state.

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READ ALSO: Okpebholo Launches 1bn Interest-free Loan For Edo Traders

The callere urged the governor to address pressing issues such as insecurity and hardship rather than things that ordinarily does not add values to their lives.

The Edo State House of Assembly had yesterday
approved a ₦100 billion loan facility from First Bank of Nigeria PLC to support Governor Monday Okpebholo’s administration in delivering key infrastructural projects across the state.

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According to the State Assembly, the loan will be utilized to finance major infrastructural developments, contractor financing, and urban renewal projects in line with the Governor’s five-point development agenda.

READ ALSO: Okpebholo Inaugurates Boundary Dispute Committee In Edo

These projects are expected to boost economic growth, improve transportation, create job opportunities, and enhance the overall quality of life for Edo citizens.

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Speaking during the plenary session, the Majority Leader, Hon. Jonathan Ibhamawu, highlighted several key projects the loan would support. These include the construction of flyover bridges at Ikpoba-Hill, Dawson Junction, and Adesuwa Junction in Benin City, as well as the development of major roads in Edo Central ,Edo South and Edo North Senatorial Districts.

Hon. Ibhamawu also explained that while the state government has budgeted for these developments, revenue allocations from the federal level have fallen short of expectations, making the loan necessary to meet the administration’s goals.

The Speaker, Hon Blessing Agbebaku, emphasized that his local government Owan West and other local government would also benefit significantly from the infrastructural projects. The loan approval was passed through a voice vote by the lawmakers, after which the Speaker directed the Clerk, Alhaji Yahaya Audu Omogbai, to forward clean copies of the resolution to the Governor.

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Group Throws Weight Behind Benin Monarch’s Decision On Iyaloja

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Group known as Edo Art and Cultural Heritage Institute (EACHI) has thrown its weight behind Oba of Benin, Ewuare II, on the royal father’s stance on the traditional leadership of markets in the Benin Kingdom.

A statement isdued by Okpioba Osaro Idemudia, on behalf of the group, said the “institute aligns with the Oba’s stance that the Iye-Eki is the only recognized traditional head of the markets, and we believe that this position should be respected and preserved in accordance with our cultural heritage.

“EACHI stands firm on the ground that the Iye-Eki holds a significant and revered position in the Benin Kingdom, serving as the main market traditional head. We believe that any attempts to impose external leadership structures that contradict our cultural norms and traditions would undermine the rich heritage of the Benin people.

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READ ALSO: Benin Monarch To Tinubu’s Daughter: Do You Know Role Of Iyeki In Benin Culture?

“We are proud of our royal rather, for his unwavering commitment to upholding the cultural values and traditions of the Benin Kingdom.

“EACHI reassures the people of Edo State and the broader community that we will continue to support and promote the preservation of our rich cultural heritage.”

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The group, while calling on Edo sons and daughters in home and in diaspora to “stand in unity to support our royal father Oba Ewuare II’s disapproval of IYALOJA,” commended
Edo market women for talking a bold stand against the imposition of IYALOJA

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JUST IN: Tinubu’s Minister Resigns Amid Allegations

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The Minister of Innovation, Science, and Technology, Geoffrey Nnaji, has resigned from President Bola Tinubu’s cabinet amid controversies surrounding his academic records and allegations of certificate forgery.

Nnaji, who was appointed in August 2023, announced his resignation in a letter to the President on Tuesday, expressing appreciation for the opportunity to serve.

Confirming the development in a statement on Tuesday, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, said, “President Bola Ahmed Tinubu has accepted the resignation of Geoffrey Uche Nnaji, the Minister of Innovation, Science, and Technology, following some allegations against him. President Tinubu appointed Nnaji in August 2023.

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READ ALSO:Tinubu Appoints New Heads For Key Agencies

He resigned today in a letter thanking the President for allowing him to serve Nigeria. Nnaji said he has been a target of blackmail by political opponents. President Tinubu thanked him for his service and wished him well in future endeavours.”

Nnaji’s resignation comes amid a lingering controversy over alleged certificate forgery and questions surrounding his academic qualifications from the University of Nigeria, Nsukka.

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Nnaji and the Enugu State Government had traded words over allegations that he presented forged certificates.

READ ALSO:DSS Arraigns Sowore Over Anti-Tinubu Post

The dispute intensified after the Federal High Court in Enugu rejected Nnaji’s bid to stop the University of Nigeria from releasing his academic records.

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The court had ruled that the institution was within its rights to release the minister’s academic details in response to a freedom of information request, a decision that fuelled further public scrutiny.

Nnaji, however, maintained that he was being blackmailed by political opponents determined to tarnish his reputation.

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UNIBEN Bans Students’ Sign-out Celebration

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The University of Benin (UNIBEN) has prohibited all forms of sign-out celebrations by graduating students.

The ban is contained in a circular by the university’s Registrar, Mr Ademola Bobola, on Tuesday in Benin.

In the circular addressed to members of the university community, the management warned that violators risk severe disciplinary actions, including rustication, expulsion, or withdrawal of certificate.

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Bobola said the decision was reached at a meeting on Monday, where it reaffirmed an earlier resolution of the university’s Senate banning such activities on campus.

READ ALSO:UNIBEN Bars 5000 Students From Writing Exam

The management declared that no sign-out celebration of any kind, including signing on T-shirts and playing of music, will be tolerated,” he said.

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He stated that the university would not condone any form of disorderly conduct or unauthorised gathering during or after examinations.

“Indiscriminate parading around the campuses in any brand of vehicle will not be permitted,” the circular warned.

According to him, unauthorised vehicles will not be allowed into the campuses all through the last week of the second semester examination.

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READ ALSO:UNIBEN Releases Screening Results, Begins Admission Process

The management also prohibited large gatherings around faculties, schools, or institutes after examinations.

“Photographers will not be permitted to put up photo stands or galleries for the purpose of such celebration,” he said.

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He said the management equally cautioned parents and guardians of final-year students against visiting campus premises during the final days of examinations.

READ ALSO:UNIBEN Appoints New Vice Chancellor

Parents and guardians of final-year students are advised to stay away from the Faculty, School, or Institute premises, especially on the last day of examination,” he said.

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Bobola emphasised that the university’s stance was aimed at maintaining order, discipline, and academic decorum on campus.

“Members of the university community are kindly invited to note the above position for strict compliance.

“Any violation will attract severe disciplinary sanctions, including withdrawal of certificate, rustication, and expulsion of violators,” he warned.

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