N20 billion Intervention Fund: Polytechnic students petition EFCC over alleged misappropriation

The National Association of Polytechnic Students (NAPS) has petitioned the Economic and Financial Crimes Commission (EFCC) over the alleged diversion of more than N20 billion intervention funds belonging to the Cement Technology Institute of Nigeria (CTIN).

President of NAPS, Comrade Muniru Opeyemi presented the petition to the EFCC and Federal Ministry of Industry, Trade and Investment on behalf of the polytechnic students.

Read Also: Bauchi, Kano emerge winners of 38th National Qur’anic Recitation competition

The students appealed to the Chairman of EFCC, Ola Olukoyede and Minister of Industry, Trade and Investment, Doris Uzoka-Anite, to “without delay launch investigation into the allegation of diversion of the intervention fund meant for training of students and development of CTIN, urging  the Federal Government to dissolve the board of the institute with immediate effect.”

The NAPS president, Opeyemi, said what the polytechnic students were demanding was accountability and justice.

The petition addressed to the EFCC Chairman was entitled: “Petition on allegation of Diversion of 20BN Cement Technology Institute of Nigeria CTIN Intervention Fund,”

Read Also: EFCC intercepts 3 trucks, arrest 5 over illegal mining in Kwara, Oyo

It read in part: “Our local intelligence following our independent investigation as to the causes of unprecedented hike in cement price, reveals the poor management and diversion of a whopping sum of N20billion intervention fund meant for cement technology development by some individuals heading the CTIN.