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Oyetola presents N1.156b bond certificates to Osun retirees

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Oyetola presents N1.156b bond certificates to Osun retirees

 

…says his govt has spent over N43b on pensions

…orders immediate implementation of 65-year of age, 40-year of service for public school teachers

In line with his avowed commitment to the welfare of retirees in Osun, Governor Adegboyega Oyetola, on Thursday, presented bond certificates worth a N1.156billion to another set of pensioners in the State.

The bond certificates were presented to 162 retirees comprising primary school teachers, local government staff, and those in the core civil service, parastatals, and state-owned tertiary institutions. They all expressed joy over the bond certificates presented to them.

A further breakdown shows that 93 retirees from local government service and primary schools were presented N656,304,000 bond certificates while 69 retirees from the core civil service, parastatals, and tertiary institutions got a total of N500million bond certificates.

Speaking during the bond presentation ceremony held at the Multi-purpose Hall, Local Government Service Commission, State Government Secretariat, Abere, Osogbo, Governor Oyetola disclosed that his administration has so far expended over N43billion on payment of pensions.

The governor also ordered the immediate implementation of the 65 years retirement age and 40 years of length of service for teachers in public schools across the State. This is in fulfillment of the pledge he made to workers during the last May Day celebration in the State.

Read Also >> Osun Police: Oyetola Commiserate With Journalist, Others, Condems Shooting

Governor Oyetola said despite the limited resources available to the State government, his administration had continued to fulfill the monthly obligation and irrevocably committed to the payment of pensions and gratuities of retirees under the old pension scheme.

He said, “As at today, we have committed a little over 43billion naira to the payment of pensions, all in a bid to ensure that our senior citizens are adequately taken care of, having served our dear State meritoriously. This, we are committed to do unabated, not minding the precarious financial situation of the State occasioned by the economic downturn in the country.

“Let me also use this opportunity to inform you all that our administration is set to commence the implementation of the sixty-five (65) years of age and forty years (40) length of service for teachers in Public Schools across the State. This is in line with my pronouncement during the May Day celebration this year and in adopting the Federal Government policy on the matter as amended.

“I must emphasize that this initiative was taken without any pressure from any Union but as part of the packages this administration has for teachers in our State so that they can enjoy the same opportunity with their colleagues throughout the Country.”

The Governor expressed gratitude to the workers most importantly the organized Labour, for their unalloyed support and high sense of understanding towards the sustainability of the whole gamut of pension matters in the State.

“It is heartwarming to note that our administration has not only been successful in the issuance of Bond Certificates to the retirees but has also ensured that infrastructural development in the State is not lacking.

“As an administration, our focus is to make life more bearable for all and sundry in the State. For me, regular payment of salaries, pensions and gratuities is a covenant between me and God. I shall therefore continue to discharge this responsibility for as long as I remain the Governor of our dear State.

“This is the more reason we have continued to do all in our power to meet the yearnings and aspirations of our people within the ambit of available resources. I want to assure our people who have entrusted us with their mandate that, with us, you are in safe hand as we have other packages in stock which shall be unfolded as we continue the journey together”, he added.

Some of the beneficiaries who could not hide their feelings extolled Governor Oyetola for putting smiles on their faces despite the socioeconomic reality of the State.

The pensioners also eulogized the government for the prompt payment of their pensions saying God has used the Governor “to have our dues while still alive.”

Mr. Micheal Akinwumi Fasipe and Mrs. Adeniyi Hafusat Moronke described the payment of their pensions by the state government as one of the great things that has happened to them on this earth.

They prayed God to continue to uphold the Governor and his government for taking the welfare and general well-being of the masses particularly workers as priority since the assumption of office.

Earlier, the Permanent Secretary, Bureau of Local Government Staff Pension Bureau, Mr Kayode Aliu Afolabi, said the Contributory Pension Scheme under the administration of Governor Oyetola had recorded many achievements among which are regular remittances into employees’ retirement Savings Account Funding of the Accrued Rights Account and Settlement of death benefits of deceased contributors.

“It is pertinent to mention that the successes recorded in the Scheme so far are due to the passion and resilience of Mr Governor in seeing to the welfare of the people of the State even in the face of a dearth of funds. I thank Mr. Governor for his support and commitment to the Scheme, particularly to the welfare of retirees,” Afolabi noted.

Also speaking, the State Chairman, Nigeria Labour Congress, NLC, Comrade Jacob Adekomi and State Chairman, Nigeria Union of Teachers, NUT, lauded Oyetola for his tremendous support for workers in the State, noting that the new feat was a clear manifestation of the love the Governor has for teachers and the teaching profession.

“The present generation of teachers in the state cannot thank you enough for your kind gesture, the upcoming generations shall inherit and keep going with it for years,” Adekomi said.

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2027: ‘Even If Insecurity Worsens, Power Will Not Change Hands’ – Okpebholo Declares

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Governor Monday Okpebholo of Edo State has insisted that political power in Nigeria will remain unchanged even if insecurity in the country worsens, declaring that the ruling party remains firmly in control ahead of future elections.

Okpebholo made the statement on Tuesday during the flag-off of the All Progressives Congress (APC) campaign for the upcoming local government council elections in Edo South Senatorial District.

The governor said the recent rise in insecurity across parts of the country is being politicised, alleging that some actors are deliberately worsening the situation to discredit President Bola Tinubu’s administration.

SEE ALSO: Army Releases Six Kwara Vigilantes Arrested Along Edo Highway

He maintained that such efforts would not succeed in altering the political direction of the country.

“Even if insecurity worsens, power will not change hands. They can even kidnap all of us—there is no vacancy in Aso Rock,” Okpebholo declared.

He further argued that those behind the alleged political manipulation of insecurity have no viable alternative agenda, stressing that violence would only harm ordinary citizens rather than achieve political gain.

The governor also defended the performance of the federal government, noting that key policy decisions, including the removal of fuel subsidy, were beginning to translate into visible development projects across states.

He commended candidates of the All Progressives Congress who emerged from the party primaries for the forthcoming council polls, urging them to take the party’s message of development to grassroots communities.

Okpebholo expressed confidence that the party’s performance at the local government elections would strengthen its position ahead of the 2027 general elections.

The event also featured the official unveiling of APC candidates for various positions in Edo South Senatorial District.

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Senate Queries SEDC Over N153m Abuja Office Rent, Demands Full Spending Breakdown

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Why Orji Kalu should return to Senate — Abia North constituent

The Senate has raised concerns over the financial operations of the South East Development Commission (SEDC), questioning alleged expenditures including N153 million reportedly spent on renting a single-room liaison office in Abuja.

The matter was raised during an investigative hearing of the Senate Committee on the South East Development Commission, chaired by Senator Orji Uzor Kalu, as lawmakers examined the commission’s 2025 budget implementation and spending records.

The committee disclosed that the SEDC received N16.6 billion in December 2025, with about N13 billion reportedly remaining in its account, suggesting that roughly N3.6 billion had already been expended.

ALSO READ: Kalu Dubs SEDC As Historic Milestone

Lawmakers expressed dissatisfaction with the financial report submitted by the commission, insisting that several figures were unclear and required detailed justification.

A key concern was the alleged N153 million spent on office rent in Abuja, despite the commission’s headquarters being located in Enugu.

Senator Orji Uzor Kalu described the financial submission as unacceptable and demanded proper accountability.

“This committee is disappointed with the financial report presented. It is completely unacceptable,” Kalu said.

Other members of the committee also questioned additional expenditures reflected in the report, including about N2.5 billion described as unclear or insufficiently explained.

Responding to the concerns, the Managing Director and Chief Executive Officer of the SEDC, Mark Okoye, defended the commission’s spending, insisting that all expenditures were carried out prudently and within available resources.

Okoye explained that the commission operates based on actual cash releases rather than full budgeted allocations, noting that this approach helps prevent financial mismanagement.

“For example, having a budget of N140 billion does not automatically mean that N140 billion in cash is available. It would be irresponsible to award contracts worth the entire budget if only N10 billion or N20 billion has actually been released,” he said.

However, the committee was not satisfied with the explanations and directed the commission to submit full documentation of all expenditures, including contract details, payment records, and supporting documents, on or before June 23.

Senator Kalu added that the committee would review the documents before fixing another date for further appearance.

“By the 23rd, we want to have the complete documentation. Once we receive and review the documents, we will determine the date for your next appearance before the committee,” he stated.

The hearing was thereafter adjourned, with lawmakers insisting on full transparency and accountability in the management of public funds allocated to the commission.

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‘Enough of the Speeches’ – Sharia Council Demands Immediate Action on Insecurity

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The Supreme Council for Shariah in Nigeria has called on the Federal Government to move beyond promises and take urgent, decisive action to address the worsening security crisis across the country.

The Council, in a statement issued by its Secretary-General, Nafiu Baba Ahmad, expressed concern over the persistent wave of killings, kidnappings, banditry and terrorism, saying Nigerians continue to live in fear despite repeated assurances from authorities that security challenges are being tackled.

According to the Council, the security situation has reached an alarming stage, with recent incidents in Borno, Oyo, Niger and Zamfara states underscoring the vulnerability of communities already struggling with years of violence and criminal activities.

SEE ALSO: ‘Enough Is Enough!’ — NLC, TUC Threaten Nationwide Strike Over Insecurity

The Council also cited the recent abduction of a retired Army General and his wife in Katsina State, describing it as further evidence of the growing reach of kidnappers and armed gangs across the country.

It noted that many attacks occurring in rural and underserved areas often go unreported, suggesting that the true extent of the crisis may be far greater than official figures indicate.

Citing reports from security monitoring and human rights organisations, the Council said thousands of Nigerians have been killed, displaced or abducted in recent months.

It added that reports indicate more than 1,000 people were kidnapped across northern Nigeria during the first quarter of the year.

Expressing frustration over what it described as a lack of meaningful progress, the Council said repeated appeals by traditional rulers, religious leaders, civil society organisations and concerned citizens for stronger security measures have yet to produce significant results.

“Nigerians are tired of speeches, promises, condolences, committees and official rhetoric that are not matched by concrete action and measurable outcomes. What the nation requires now is decisive intervention and visible results,” the statement read.

The Council reminded the Federal Government that the protection of lives and property remains one of its core constitutional responsibilities, stressing that no administration can be considered successful while citizens continue to face threats from criminal elements.

While acknowledging the sacrifices and commitment of military personnel and other security operatives, the Council said its criticism was directed at broader leadership and strategic shortcomings in the fight against insecurity.

It also called for greater transparency and accountability in the management of public funds allocated to the security sector, insisting that citizens deserve to know how resources earmarked for defence and intelligence operations are being utilised.

The Council further urged the government to embrace innovative and proactive measures, including improved intelligence gathering, deployment of modern technology, stronger collaboration among security agencies, enhanced community participation and tighter border security.

Warning against complacency, the Council said Nigerians are expecting competent leadership, concrete action and measurable progress in restoring peace and security across the country.

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