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Osun to Defray Salary Arrears on Receipt of N11.7bn Refunds

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  • Osun to Defray Salary Arrears on Receipt of N11.7bn Refunds

The Government of Osun has officially confirmed the receipt of a sum of N11,744,237,793.56 as part of the refunds from the Paris Club loans deductions through the Federal Government.

A statement by the government, through the Bureau of Communication and Strategy, Office of the Governor, said that based on the received fund, the Governor has approved an upward review of the existing salaries and pensions payment structure with the aim of further easing the financial strains foisted on the workers and pensioners as a result of the national economic challenge the country has faced in recent times.

After exhaustive deliberations by the Revenue Apportionment Committee which comprises representatives of workers and the government, under the leadership of Comrade Hassan Sumonu; a foremost labour leader, the following decisions have been agreed upon as the reviewed payment structure:

That workers from Level 1-7 continue to be paid their 100% salary
That workers on Level 8-10 to now be paid 75% salary
That workers on Level 12-Above to be paid 50 % salary
In the same vein, passive workers (pensioners) on N1,000 -N20,000 to collect 100% pensions

That pensioners on N20,001 -N80,000 to collect N75% pensions
That pensioners on N80,001 to continue to collect 50% of pensions
The government, on the basis of the newly reviewed payment structure, is to pay salaries and pensions of September, October and November as from Monday December 19th, 2016.

The Government also expressed appreciation for the high sense of responsibility, patriotism, and love for the development of the state as exemplified by their understanding and cooperation with the government.

The Government further wished to assure the entire people of the state that laying a solid foundation for future development of the state is paramount. This is the reason for the ambitious and courageous development projects in education, roads infrastructure, health, security, agriculture, youths employments and other social welfare programs of the Rauf Aregbesola administration.

It, therefore acknowledged the sacrifice of all in the course of the government navigating through the turbulent economic period. The government wishes to state that with the cooperations of our people, our state is destined for greatness.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Government

University Of Ibadan (UI) Goes Digital, Releases Timetable for Virtual Academic Session

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University Of Ibadan (UI) Goes Digital, Releases Timetable for Virtual Academic Session

University of Ibadan (UI) on Friday announced it is going ahead with resumption on February 20 despite the second wave of COVID-19.

In a statement released by the school, the First Semester of the 2020/2021 academic session will commence virtually on February 20, 2021.

The virtual academic session will last for 13 straight weeks and end on Friday May 12, 2021, while the matriculation ceremony will hold on Tuesday March 16, 2021.

The University of Ibadan also scheduled one week for the Finalization of Continuous Assessment, to begin from Mon. 17 May and ends Friday 21 May.

The rising number of COVID-19 cases has compelled the Senate to approve the virtual academic session in an effort to ensure the tertiary institution abides by the protocols established by the Federal Government to curb the spread of the pandemic.

“It, therefore, agreed that the 2020/2021 First Semester lectures will be delivered online. In this regard, students will not be accommodated on campus,” a statement from the school said.

“Senate also approved the cancellation of the 2019/2020 session. The next session is, therefore, renamed 2020/2021 Academic Session. Consequently, students who have been admitted for the 2019/2020 session will now be regarded as the 2020/2021 intakes.

“Kindly note that online opening of Registration Portal and Orientation Programme for the 2020/2021 intakes may commence ahead of the Sat 20/02/21 date indicated above,” the statement said.

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House of Representatives Impeached Trump Over Capitol Invasion

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House of Representatives Impeached Trump Over Capitol Invasion

The United States House of Representatives on Wednesday impeached President Trump for the second time after instigating the US Capitol invasion.

Led by Speaker of the House, Nancy Pelosi, 232 representatives, including 10 Republicans, voted to impeach the outgoing president against 197 that voted for him to remain in the office for the next six days when he would handover to the president-elect, Joe Biden.

The ten Republicans were Representatives Liz Cheney of Wyoming, the party’s No. 3 leader in the House; Jaime Herrera Beutler of Washington; John Katko of New York; Adam Kinzinger of Illinois; Fred Upton of Michigan; Dan Newhouse of Washington; Peter Meijer of Michigan; Anthony Gonzalez of Ohio; David Valadao of California; and Tom Rice of South Carolina.

Speaking before the vote, Pelosi said “a constitutional remedy that will ensure that the Republic will be safe from this man who is so resolutely determined to tear down the things that we hold dear and that hold us together.”

“He must go. He is a clear and present danger to the nation that we all love,” she said, adding later, “It gives me no pleasure to say this — it breaks my heart.

Republicans, who unanimously stood behind president Trump in 2019 during his first impeachment, were divided this time over the attack on Capitol.

A Republican representative from California, Kevin McCarthy, said “The president bears responsibility for Wednesday’s attack on Congress by mob rioters,” Mr. McCarthy said. “He should have immediately denounced the mob when he saw what was unfolding.”

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US Congress Declares Joe Biden as The 46th President of The United States After Trump Mob Left

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Joe Biden Economic Impliccations on Nigeria

US Congress Declares Joe Biden as The 46th President of The United States After Trump Mob Left

The joint congress of the United States on Thursday, January 7, 2021 certified Joe Biden as the 46th President of the United States following President Trump’s mob action that disrupted the congress joint proceeding on Wednesday.

After ordering his followers to disrupt proceedings on Wednesday, President Trump later announced that there will be an orderly transition on January 20.

Even though I totally disagree with the outcome of the election, and the facts bear me out, nevertheless there will be an orderly transition on January 20th,” Trump said in a statement issued by White House Deputy Chief of Staff Dan Scavino.

“I have always said we would continue our fight to ensure that only legal votes were counted. While this represents the end of the greatest first term in presidential history, it’s only the beginning of our fight to Make America Great Again!” Trump added.

While the certification was just a mere formality as Biden had secured enough electoral college votes (270) required to clinch the world’s most powerful seat, the refusal of Donald Trump to accept the results of the November 2020 election made the session a keenly watched, especially after Trump mob disrupted a joint session of the Senate.

Also read Facebook, Twitter, Instagram Lock President Trump Out of Their Platforms Following Insurrection

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