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LASPOTECH Crisis Update Rector Boast;”Nobody Can Remove Me, I Have the Backing of Tinubu and Akiolu”
Published
7 years agoon
+ Many Financial Improprieties Leveled against him
…Save us from His Clutches: Staffs Appeal to Tinubu and Akiolu
There seems to be no visible end in sight to the current crisis bedeviling the Lagos State Polytechnic, it will be recalled that the staffs of the institution has for months now been at loggerhead with the rector of the Lagos State owned institution over issues that allegedly has to do with terrible administration of Mr. OluyinkaSogunro, led school authority.
Sources within the school recently informed us that the Rector, who is having several allegation of financial improprieties leveled against him is recently in boastful mood, according to this source, Mr, Sogunro is allegedly telling whoever cares to hear that nothing will move him from his position because he’s having the backing of Asiwaju Bola Ahmed Tinubu and the Oba of Lagos.
He was also alleged to have openly declared that he’s untouchable for Gov. AkinwunmiAmbode or any members of the State Assembly.
It will be recalled that the whole thing became public knowledge months back immediately after the convocation of the school attended by the Governor of Lagos State, Mr. AkinwumiAmbode, that the staffs decided to down tools for a couple of weeks after which they called it off for 21days to allow negotiation after days of protest by the 3 association in the institution on the premises of the governor’s office.
Effort by the leadership of NASU, SSANIP and ASUPin the institution to also make the legislative arm intervene in the whole situation is also not yielding any effort as the appearance of the bodies before the House committee of Education did not seems to be yielding any fruits, it was even after this that he allegedly boasted publicly that he’s untouchable because of his relationship with former Lagos Governor, Bola Tinubu and Eleko of Eko, Oba RilwanAkiolu.
The staff had in an earlier letter sent to the Governor of Lagos State, pleaded that he quickly intervene, investigate and liberate the staff , pensioners and students of Lagos State Polytechnic from constant security harassments at the instance of the rector, MrOluyinka Samuel Sogunro.
In the letter dated June 9, 2017, the rector was accused of harassing the staff and students with both internal and external security organizations. The letter reads “The staff and students have been at the mercy of the gun-toting security guards since the current administration assumed office. Students are always escorted out of the campuses with guns and siren like common criminals and equally molested in the name of dress code meant for adults of a tertiary institution ages.”
It reads further that “on Tuesday, 8th November, 2016 when the Non Academic Staff Union (NASU) was having a meeting with Governing Council on the implementation of CONTISS 15 Migration,, the rector ordered the Onyabo Vigilante group and a dispatched of a police van to swoop on the staff inside the Ikorodu campus, owing to what the rector termed as ‘unruly behavior’ of his staff. The confrontation was so fierce that it took the intervention of well-meaning senior staff to avert bloodshed.
‘Subsequently, the militarization of the campuses received a boost when the rector approved the purchase of fifteen (15) magnum series of semi-automatic pump action guns through the BLACK MARKET to the tune of Six Million , Four Hundred and Fifty Thousand naira (N6, 450, 000) in addition to the 25 pieces of existing guns on campus, and also recruited OPC members and many other untrained hands to carry arms on the campuses.
‘This singular action increased panic and defiance actions amongst the staff and students. It is however sad to know that, an institution that could not afford to buy consumables for students’ practical across departments , expended a whooping N6,450,000 on unlicensed guns to ‘terrorize’ its staff and students from the students’ acceptance levy. These guns were later discovered from a grapevine to have been bought by the Deputy Rector (Administration) – Dr. Ola Olateju.
In the wake of the industrial face-off between the Management and the labour Unions, the rector was accused of setting the staffs of the institution up when he allegedly called the men of the Department of State Security (DSS) and Nigeria Security and Civil Defence Corps (NSCDC) on the Non Academic Staff Union Executives under the guise that he was going to be kidnapped. The statement read“Sogunro robed his staff members with kidnapping and attempted murder cases and walks freely touting his regular threat- “if you stand on my way, I will crush you.”
He was also accused of setting the soldiers from 174 battalion, Odogunyan on the staffs and the students on Wednesday 7th June during a peaceful protest of the continuous closure of the school and the highhandedness of the rector. Though the school claimed the soldiers were trying to pass through the school premises to their destination since the road is bad, the soldiers however stated that they were invited by the school management.
In the letter the unions speak against the decision of the management expending so much on guns as against educational material. “To this end, we condemn in totality the preference for illegal acquisition of guns to meaningful academic needs, naked display of arms on our campuses, brazen and flagrant use of military force to evacuate the students from campuses daily, harassment by both the internal and external security agents, militarization/invasion of our campuses and despotic style of leadership of the rector.
‘We call on the Governor to investigate all these aforementioned security breaches, especially the ruthless and bestial invasion of Wednesday, 7th that led to infliction of pains, brutality, wanton destruction of properties, disruption of business activities of Lambo Lasunwon community, molestation of innocent students and staff in their hostels and homes, etc.”
They also pray that the government should intervene in the whole issue, “Sanctions should be appropriately meted out to anybody found culpable to avoid the reoccurrence of such undemocratic act in future and serve as a deterrent to undemocratic tendencies.” The letter concluded.
Members of staff of Lagos State polytechnic are of the opinion that even with Sogunro’s closeness claims to Asiwaju Bola Tinubu, the ruling All Progressive Congress (APC) National Leader, his ways are showing trait contrary to the believe and ways of the distinguished individual, they are therefore pleading that Senator Bola Ahmed Tinubu should come to their aid and save them from further brutalization from the power drunk rector.
However, a detailed list of atrocities committed by Mr. Samuel OlayinkaSogunro, the Lagos State Polytechnic embattled rector has been released in a statement jointly signed by the three unions in the institution, NASU, SSANIP and ASUP and it includes;
- Placement of Polytechnic N1.3 Billion Naira in First City MonumentBank Plc
It is pertinent to inform the concern authority that, the Rector, Mr. SamuelOluyinkaSogunro placed N1.3 Billion Naira of the Polytechnic fund with FirstCity Monument Bank Plc. without obtaining approval from the GoverningCouncil or the State Government at a ridiculous interest rate lower than whatis obtain in the other banks.
It is disheartening that while the Pensioners are being owed 13 monthsallowances, their hard earn pay was yielding interest for the Rector atundisclosed interest rate.
- Deduction 10% Processing Fee by the Rector
Under the administration of Mr. Samuel OluyinkaSogunro, beneficiaries of TETFUND most agree to pay 10% processing fee to the Desk Officer, Dr. Kareem Rasaq before the releasing of fund and the Rector is in the know.
It should be noted that the Desk Officer, claimed that 10% processing fee deduction was a directive from TETFUND Headquarters. Majority of staff members that access the fund for Seminars/Conferences claimed that they were unable to attend because this deduction adversely affected their travelling and accommodation allowances.
Also, mostly research projects where abandoned, because the team members do not approve the deductions.
- Violation of Financial Regulation during the 2017 Convocation
The concern authority should please endeavour to set up a special investigation panel to look into the money expended during the 2017 convocation of the Polytechnic. It was discovered that a whooping sum of N40Million (Forty million Naira) was released as “Cash Advance” by the Rector during the period in question.
- Fraudulent Employment
It will interest you to know that two of the newly employed staff in the Department of Mathematics namely: Ajilore Joshua GL13 (Community Secondary School, Ojo) and Akinyemi Joseph GL12 (Both Classroom Teacher) are still in the service of Lagos State Ministry Education, kindly please consult oracle for details.
- Sweeping of Report of Investigation into Financial Misconduct in the Polytechnic Staff School Involving A Deputy Registrar Under theCarpet
The Rector, Mr. Samuel OluyinkaSogunro is managing the administration of the Polytechnic with an act of Nepotism.
The Concern Authority equally need to investigate why the report of a petition tagged “Save LASPOTECH Staff School from the brim of Collapse” involving a Deputy Registrar, Mr. Isaac OluwaseunAdekoya, a member of the same church with the Rector, was sweep under the carpet. (See Attached Comprehensive Report signed by the Deputy Rector, Admin)
- Investigating the Employment Status of the Deputy Rector (Admin.)Dr. OlatunjiAgboolaOlateju in Relationship with SwanseaUniversity, United Kingdom
The concern authority should also set up a special investigation panel to look into the employment status of the Deputy Rector (Admin.) Dr. OlatunjiAgboolaOlateju.
Dr. OlatunjiAgboolaOlateju joined the services of the Polytechnic in May 1998 as a Lecturer II, and left for United Kingdom for a PHD programme in 2008 where he was until his appointment as a Deputy Rector (Admin).
Dr. Olateju is in full time employment with Swansea University, United Kingdom and from his Curriculum Vitae he is a visiting Lecturer with Lagos State Polytechnic, Ikorodu, Lagos-Nigeria (Confirmation can be source from Swansea University, through British Council).
It is pertinent to note that, since Dr. Olateju assumed office as the Deputy Rector (Admin), he has spent most of his period in United Kingdom, claiming that he is on visit to his family (Request his International Passport).
It is equally important to inform the concern authority that Dr. Olateju is a full time Politician; he is currently the National Organising Secretary of the Unity Party of Nigeria (UPN) which is against the rule guiding the public servant.
Dr. Olateju abandoned his duty post between December 2016 and April 2017 to attend to his “Primary” assignment in Swansea University, United Kingdom. The job he so much cherish as to absent himself from attending the last Convocation Ceremony of the Polytechnic which we have in attendance His Excellence, The Governor of Lagos State, Mr. AkinwunmiAmbode.
- Other Pressing Issues not Mentioned above includes :
- Setting standard for academic : Lack of Consumables, Power, Academic Allowances, internet facilities, Decay in Infrastructures etc
- Review and application of condition of service without due diligence eg. Selection of Dean, Directors, Wardrobe Allowance to Principal Officer
- Delay in remittance of pension contribution
- Security breaches and intimidation of staff of the Polytechnic
- Removal of 4% pension annuity
- Flagrant Usurpation of Governing Council Power
- Connivance with Mr. Sutton, Director Higher Education, OSAE to commit forgery of letters said to have emanated from the Special Adviser on Education
- Staff Bonding and promotion on study leave contrary to global best practices.
- Bullying and threatening of students and staff by the Rector and his cohorts.
- Arbitrary increment in salary and allowances of Bursar, Registrar and Polytechnic Librarian
- Usurpation and outright threatening of the Audit Unit by the Rector and his cohorts
- Bypassing the Governing Council for approval by the SAE
- Fractionalizing of staff, destroying trust and encouraging academics ineptitude.
Documents below:
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Sahara weekly online is published by First Sahara weekly international. contact [email protected]
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Business
Zacch Adedeji: And The Revenue Keeps Increasing By Rabiu Usman By Rabiu Usman
Published
10 hours agoon
November 15, 2024Zacch Adedeji: And The Revenue Keeps Increasing By Rabiu Usman
By Rabiu Usman
It was President Bola Tinubu that declared that in the first half of this year, the revenue of Nigeria soared to over N9.1 trillion, compared to the first half of 2023.
For instance, N5.2 Trillion accrued into the Federation Account for the period January to June 2023, while a total of N7.3 Trillion accrued into the account for the period July to December, 2023.
However, for June this year, accruals into the Federation Account rose to N2.483 trillion in June 2024. It was N2.324.792 trillion in May, meaning for the two months of May and June this year alone, about N4.8 trillion accrued into the Federation Account while N5.2 trillion accrued into the account for the first six months of last year.
The President attributed the revenue increase to the government’s efforts in blocking leakages, introducing automation, and mobilizing funding creatively, all without placing an additional burden on the people.
A few days after the President spoke glowingly of the considerable increase in the revenue of the country, a process being powered by the Federal Inland Revenue Service (FIRS), under the Chairmanship of Dr Zacch Adedeji, the Nigeria’s Zaccheus the Tax Collector, the World Bank also confirmed the progress being made in the area of revenue generation.
The World Bank projected that following the recent increase in government revenue, Nigeria’s revenue-to-GDP ratio could rise to over 10.5 percent by the end of 2024.
Ndiamé Diop, World Bank country director for Nigeria shared the forecast during an interactive session on ‘Fiscal Reforms for a More Secure Future’ at the 30th Nigerian Economic Summit, held in Abuja last month.
Also, according to data released in September by the National Bureau of Statistics (NBS), Nigeria’s Value Added Tax (VAT) revenue increased by 99.82% year-over-year in the second quarter of 2024.
During this period, total VAT revenue reached N1.56 trillion, a 9.11% increase compared to the previous quarter.
The NBS report highlighted that the revenue growth was driven primarily by local payments, which brought in about $484 million, while foreign payments contributed $242 million. VAT on imports generated $228 million.
However, despite the level of progress already made, the FIRS under Dr Zacch Adedeji is not done yet.
Various innovations are daily being introduced to ensure seamless payment of taxes by Nigerians.
Last week, the Taxpayer Services Department of the FIRS launched the new USSD code *829#, aimed at revolutionizing taxpayer engagement and access to essential tax services.
According to the FIRS, the initiative was aimed at “simplifying tax processes and providing a seamless, efficient service experience.”
With the *829# USSD code, taxpayers can now effortlessly access a range of services, including TIN retrieval, Tax Clearance Certificate (TCC) verification, and general inquiries all from the convenience of their mobile phones and with no need for internet access.
Also, Zacch Adedeji is everywhere, explaining the four tax bills currently before the National Assembly, assuring that it will not reduce the funding or operational efficiency of government agencies.
Last week Wednesday, Adedeji addressed the heads of the National Agency for Science and Engineering Infrastructure (NASENI), the National Information Technology Development Agency (NITDA), and the Tertiary Education Trust Fund (TETFUND) at the Revenue House in Abuja. He allayed concerns surrounding the proposal to rename the FIRS as the Nigeria Revenue Service (NRS), clarifying that the change is intended to streamline and improve agency efficiency.
He said the main goal was to align government revenue practices with current fiscal demands to ensure all agencies are well-funded and effective.
Adedeji further highlighted that the proposed legislation would enable government agencies to concentrate on their core responsibilities without the added task of revenue collection.
“The bills, once enacted, will allow agencies to focus on their primary functions instead of managing tax collection duties,” he explained.
Adedeji, who appears to have taken up the job of an Explainer concerning the new tax bills, further pointed out that the bills were the aftermath of President Tinubu’s administration recognition of the need for a unified tax code to reduce complexity and stimulate economic growth.
Perhaps, by the time this is being read, Dr Zacch Adedeji, will be standing before another audience to explain the ideas behind the new tax bills and their capability to further sore up the revenue base of the country, because for him, the revenue must keep increasing.
Usman, a public affairs commentator lives in Abuja.
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Wema Bank Announces Grand Finale of Hackaholics 5.0: Set to Reward Winners With ₦75 Million Worth of Prizes
Published
16 hours agoon
November 15, 2024*Wema Bank Announces Grand Finale of Hackaholics 5.0: Set to Reward Winners With ₦75 Million Worth of Prizes
Wema Bank, Nigeria’s foremost innovative financial institution and pioneer of Africa’s first fully digital bank, ALAT, has announced the grand finale of the 5th edition of its flagship youth and startup-focused tech competition, Hackaholics.
Launched in 2019, Wema Hackaholics is a groundbreaking initiative designed to harness the creativity and entrepreneurial spirit of Nigeria’s youth, providing them with a platform to turn their tech-driven ideas into reality. The highly anticipated Hackaholics 5.0 grand finale will take place on November 27th, 2024, under the theme, “Meta Idea: Capitalizing Africa’s Growth Through Innovation.” This year’s theme aims to showcase how tech-driven solutions can fuel Africa’s development by tapping into the continent’s growth potential through innovation and digital transformation.
The grand finale will bring together the brightest innovators from universities and tech communities across the country. These innovators will pitch their Digi-Tech solutions designed to solve real-world problems and contribute to Africa’s economic and social progress. The event promises to be the culmination of months of intensive competition, collaboration, and mentorship, providing a platform for youth-led tech ideas to reach new heights.
Announcing the date of the grand finale, Moruf Oseni, MD/CEO of Wema Bank, highlighted the bank’s vision for Hackaholics. “Hackaholics is more than a competition; it is a movement to equip Nigeria’s youth with the skills, networks, and resources needed to drive Africa’s digital transformation. The Meta Idea theme for this year is a call to action for young innovators to think beyond the present and design solutions that will capitalize on Africa’s growth. We are excited to see how our participants envision and build the Africa of tomorrow.”
Speaking on the prizes, the MD/CEO said “At the grand finale, participants will compete for exciting cash prizes, grants, and access to Wema Bank’s extensive network of investors, mentors, and industry experts. The total worth of prizes for this year is ₦75,000,000. The winning team will receive ₦30,000,000, the first runner-up will receive ₦20,000,000 and the second runner-up will receive ₦15,000,000 worth of prizes. Additionally, we will be awarding a special grant of ₦10,000,000 worth of prizes to the female-led team to encourage gender diversity in tech innovation.” He concluded.
Wema Bank’s Hackaholics is a testament to the Bank’s commitment to shaping Africa’s future through innovation and entrepreneurship. Hackaholics 5.0 began with a nationwide call for entries earlier in the year and has engaged over 10,000 aspiring tech innovators and entrepreneurs across Nigeria. With 2,297 applications across 8 physical pitch centers and 1 virtual pitch center, 34 innovators across all locations are set to pitch their ideas at the pre-pitch stage ahead of the grand finale scheduled to hold in Lagos.
Through Hackaholics, Wema Bank has provided a platform for youth to channel their creativity and entrepreneurial spirit into actionable tech solutions that address Africa’s most pressing challenges. Over the years, Hackaholics has grown into one of the largest and most influential tech competitions in Nigeria, impacting thousands of young minds.
The competition not only offers winners cash prizes and grants, but also access to mentorship, industry networks, and resources to help scale their innovations globally. This initiative is a key part of Wema Bank’s broader strategy to harness technology as a driver of socio-economic growth in Africa.
Interested individuals can register to attend the grand finale via https://hackaholics.wemabank.com/grandfinale
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ATMs empty as banks ration withdrawals
The Automated Teller Machines of Deposit Money Banks have consistently remained empty in recent months as banks grapple with a sustained low cash supply.
It was also gathered on Wednesday that some DMBs, particularly in the Federal Capital Territory, have begun another round of cash rationing, restricting maximum over-the-counter withdrawals to a daily limit between N5,000 and N20,000.
While banks struggle to get cash, Point-of-Sales operators have been fulfilling the cash needs of customers.
Speaking at the Facts Behind the Rights Issue Presentation of FBN Holdings at the Nigerian Exchange Limited recently, the Executive Director/Chief Financial Officer of First Bank, Patrick Iyamabo, said that the matter was an industry-wide one and not peculiar to a specific bank.
He said, “It is an industry problem. Most customers after exhausting the options available in other banks, tend to settle at FirstBank to address their cash needs. The challenge differs by location but we know it is a challenge that the regulator is looking into to address. But as we speak of physical cash, we must appreciate that the direction of the industry is to go digital.
“A lot of our customers do most of their transactions digitally, and you heard the GMD speak to this, very often people don’t want to transact in cash. In terms of this new order, your bank, FirstBank is very well positioned so if you look at the statistics and I’m speaking to independent statistics, just pick up your NIBSS report, the bank with the most stable platform meaning availability to always transact digitally is FirstBank. So, all our customers have the benefits of having their cash in First Bank and having access to this cash anytime anywhere and as necessary. It’s a huge advantage.”
Speaking anonymously with The PUNCH, a banker at a tier-1 bank put the blame on the Central Bank of Nigeria.
“It is what CBN has given us that we are using. We are confined within the limits of what is available to us. Also, because we are a big operation, we have to deal with many other businesses.
“Have you also noticed that there is a boom in the PoS business? Those people don’t take their money to the banks. The money comes out of the banks and it stays within their circle. They warehouse their funds, unlike you and I who would withdraw money and spend it which will eventually find itself back into the formal banking system. It is not the same with them. They warehouse their funds and distribute it among themselves.”
According to data from the CBN, currency outside the banks hit N4.02tn in September from N3.86tn in August. This brings it closer to the value of currency in circulation which stood at N4.31tn in September.
Meanwhile, some PoS operators on Lagos Island have increased their charges from N200 for cash of N10,000 to N300.
This was observed at both the CMS bus stop and at Obalende. However, off Lagos Island, the rates had remained at N200 for cash withdrawal of N10,000.
It was further gathered that banks have begun cash rationing, restricting maximum over-the-counter withdrawals to a daily limit between N5,000 and N20,000.
Findings by The PUNCH showed that the development is gradually leading to cash shortage, as many ATMs were non-functional, leaving customers with no choice but to seek alternative means of withdrawing cash.
As a result, many people have turned to Point-of-Sale operators, who have become the primary channel for cash withdrawals, albeit often at higher transaction fees.
Major commercial banks visited by one of our correspondents on Wednesday claimed not to have sufficient cash allocation hence the ration withdrawals to serve more customers.
The banks visited include Guaranty Trust Bank, Zenith Bank along Airport Road, and EcoBank at Jabi in Abuja.
A bank customer at EcoBank, who spoke without mentioning her name, said she was only allowed to withdraw N5,000 from N20,000 previously allowed.
“I was just informed that I can only withdraw N5,000 from my account. Can you imagine? The amount will can’t even take me home.”
Our correspondent received the same answer when he attempted to obtain cash.
At GTBank and Zenith Bank along the airport road, customers were permitted a maximum withdrawal of N20,000 from N100,000 previously disbursed as a daily limit.
A customer, Mr Faith, who visited the bank expressed shock about the new limit. He said the banks didn’t give any cogent reason for reducing the withdrawal limit.
“I just visited these banks, and I was informed that I can only withdraw N20,000 from N100,000, which was the previous limit. They didn’t even give any reason for reducing, now I have to start looking for cash elsewhere. This country is just so annoying,” He vented.
Cash scarcity became a recurring and widespread issue across Nigeria after the Central Bank of Nigeria introduced a controversial policy in January 2023, which significantly reduced the daily and weekly cash withdrawal limits to N100,000 daily, N500,000 weekly for individuals, and N5m for business entities.
This decision, aimed at encouraging a cashless economy, led to long queues at ATMs, increased difficulty in accessing physical cash, and a general disruption of daily financial transactions for millions of Nigerians.
The policy’s impact was felt particularly by those in rural areas and lower-income groups, who rely heavily on cash for their day-to-day needs, exacerbating economic hardships across the country.
Last week, data from the CBN showed that currency in circulation climbed 56.1 per cent year-on-year to reach N4.31tn, up from N2.76tn in September 2023, reflecting an increase of N1.55tn.
This is just as currency outside banks surged by 66.2 per cent in September 2024, reaching N4.02tn compared to N2.42tn in September 2023, a notable rise of N1.60tn in just one year.
This indicates that the volume of currency retained outside the banking sector outpaced the total released for circulation within the past year.
Compared to August 2024, currency in circulation rose by 4.0 per cent month-on-month, adding N166.2bn from the previous figure of N4.14tn.
The CIC is the amount of cash–in the form of paper notes or coins–within a country that is physically used to conduct transactions between consumers and businesses. It represents the money that has been issued by the country’s monetary authority, minus cash that has been removed from the system.
Earlier in September, the CBN announced plans to sanction banks that fail to dispense cash through their automated teller machines, as part of efforts to improve cash availability in circulation.
The CBN also revealed plans to release an additional N1.4tn into circulation over the next three months to ease cash flow within the banking system.
This strategy aims to ensure that ATMs and bank branches have sufficient cash, addressing ongoing challenges faced by customers over cash shortages.
Efforts to get a reaction from the apex bank on the new situation proved abortive as the acting Director, Corporate Communications, Sidi Ali Hakama, did not respond to enquiries sent to her phone number.
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