Adopoly Rector Denies ASUP’s Allegation Of N1b Bitcoin Investment

5 months ago Dammylink 0

The Rector of the Federal Polytechnic, Ado-Ekiti, Dr. Hephzibah Oladebeye, has described the allegation by some lecturers that he invested N1 billion on bitcoin online transaction as baseless and spurious.

Oladebeye said this in Ado-Ekiti, yesterday, while reacting to the disruption of ongoing second semester examinations over non-payment of part-time claims by protesting Academic Staff Union of Polytechnics (ASUP).

During the protest on Tuesday, the ASUP Chairman, Dr. Olabisi Olasehinde, accused the Rector of investing N1 billion on Bitcoin business, being money allegedly earmarked to defray the part-time claims.

But condemning the protest, the Rector said: “Article 23.1 of the civil service rule that guides ASUP stipulates that before academic staff can proceed on a protest, they must declare industrial dispute and give the management 21 days ultimatum, followed by another seven days.

“Protesting when such provision was not followed was a gross misconduct according to civil service rule. I knew they were out to disparage my person and this was no longer protest but hooliganism.

But let me say this, administrative processes are being put in place to handle the issue. If they have not gone to the gate to advertise themselves, it could have been a different thing.

No responsible management will fold its arms and allow that to go unchecked.” Oladebeye, who described the allegation of investment of N1 billion on Bitcoin as cheap blackmail, said it was wrong for the lecturers to be inciting members of staff against the management to satisfy their political interest.

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