Connect with us

Hi, what are you looking for?

News

NAPS Tell EFCC to Probe Alleged Diversion of N20bB Intervention Fund in Cement Technology Institute

EFCC

Muniru Opeyemi, national president, National Association of Polytechnic Students (NAPS) has called on the Nigerian federal government to investigate the management and Board of Trustees of the Cement Technology Institute of Nigeria (CTIN) over the alleged diversion of N20 billion intervention fund meant for training of students and development of CTIN.

Opeyemi, made the demand recently when he led some students in protest to the Economic and Financial Crimes Commission (EFCC) and Federal Ministry of Industry, Trade and Investment in Abuja.

NAPS submitted a petition to both the anti-graft agency and the ministry, calling for a probe.

“We demand accountability and justice. We demand an immediate investigation, arrest and prosecution of CTIN leadership to unravel the details of the status, management and use of the over N20bn (about $100 million) contributed as levies on imported cement to CTIN for technical training purposes over 10 years ago when Nigeria was still importing cement by chairman, Cement Technology Institute of Nigeria and Federal Ministry of Industry, Trade and Investment,” he said.

He added that it is unpatriotic to divert intervention funds meant for developing cement technology.

Loading

Spread the love
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ad

You May Also Like

Entertainment

Spotify has unveiled Nigeria-specific data from its annual Loud & Clear report, highlighting how Nigerian artists generated more than ₦60 billion in revenue from...

News

Securities and Exchange Commission (SEC) yesterday said that Nigeria’s digital finance ecosystem recorded about $96bn in cryptocurrency and other virtual asset transactions. Emomotimi Agama,...

News

Nigerian banks, fintechs like LemFi, Kuda, and Moniepoint, plus Fidelity Bank, are expanding in the UK with millions in investments, creating hundreds of jobs,...

Politics

All 20 Local Government Chairmen of the African Democratic Congress(ADC)Lagos State Chapter, have moved a vote of confidence on the Chairman of the party...