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Furious Lecturers Shut Polytechnic Gate As Rector Reportedly Invested Their Salaries In Bitcoin
Angry lecturers of the Federal Polytechnic Ado-Ekiti of Nigeria’s Ekiti state have allegedly locked the school’s gate because the Rector has invested their money in Bitcoin.
According to reports, the rector of Federal Polytechnic Ado-Ekiti, Ekiti state allegedly used lecturers’ monies to invest in Bitcoin, but owing to the ban on cryptocurrency transactions, all their cash disappeared subsequently.
Read also: ‘He Should Be Probed’ – Oba Of Lagos Under Fire For Keeping $2m, ₦17m In Palace
After the central bank’s ban on cryptocurrency transactions, the rector identified as Mr. Oladebeye was alleged to have informed the lecturers of the fate of their monies and this caused uproar as he could not refund it back to them.
The news got the lecturers infuriated and then proceeded to lock the school gate to prevent anyone from going out or coming into the institution.
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