ASUP denies allegation of 1Billion Naira Bitcoin Investment against the Rector of Federal Polytechnic Ado-Ekiti

The Federal Polytechnic Ado Ekiti chapter of the Academic Staff Union of Polytechnics (ASUP) has vehemently denied that it ever made any allegation purporting that the Rector, Dr. Dayo Oladebeye invested One billion naira staff salary in Bitcoin.

The ASUP rebuttal of the allegation which had gone viral on social media platforms, came at the wake of peace meeting brokered by the paramount ruler of Ado Ekiti, Oba Rufus Adeyemo Adejugbe, Aladesanmi 111 and members of the Ewi-in- Council with the Management of the Polytechnic and the local ASUP Executive.

The Union, in a letter addressed to the Rector titled, "RE: ONE (1) BILLION NAIRA BITCOIN INVESTMENT ALLEGATION", totally dissociated itself from the allegation, after a two-day meeting held at the palace of the Ewi of Ado Ekiti on Monday, 8th and Tuesday, 9th March, 2021 and signed by it's Chairman, Comrade (Dr) O. D. Olasehinde.

ASUP in its letter, noted that the Union resolves to state as follows:
"The Union (ASUP) has no information about the allegation of the One billion naira Bitcoin investment, neither does it have any input in same" and therefore declared "to the whole world that the allegation did not emanate from them".
The Union emphatically said "that it was embarrassed by its linkage with the said allegation"

Recanting on the allegation against the Rector, which had gone viral for over a week, "the Union hereby dissociates itself from the allegation"

In a related development through another letter similarly conveyed to the Rector, the Union has regretted its action of locking up the gate of the institution on Tuesday 2nd March 2021, an action which disrupted the continuation of the second semester examination that had earlier commenced on Monday, 1st of March, 2021.

The ASUP, in the second letter titled RE: INDUSTRIAL FACE-OFF AT THE FEDERAL POLYTECHNIC ADO-EKITI, [/b] and also signed by it's Chairman, Dr Olabisi Olasehinde, noted that " the action is regretted with all sincerity".

Meanwhile, following the resolution of the one week industrial face-off at the intervention of the Ewi of Ado-Ekiti and his Council of Chiefs, [b] ASUP has directed all it's members to resume at their duty post effective from the morning of Wednesday, 10th March, 2021.