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Kwara Poly To Float Microfinance Bank: Rector
To shore up its internally generated revenue (IGR), Kwara state Polytechnic has put necessary machinery in motion to float a Microfinance before this year runs to an end.
This was disclosed by the Polytechnic Rector, Engr. Abdul Jimoh Mohammed, on Thursday in Ilorin, the Kwara state capital, while briefing journalists on the activities of his administration in the past 365 days.
He said: “The management is committed to the proposed Kwarapoly Microfinance Bank project. We have taken all necessary steps towards the take off of the project. We have opened an account at Keystone bank and at present, our proposals are before the Corporate Affairs Commission in Abuja awaiting final registration and approval. We are zealously monitoring the registration exercise and earnestly strategising to ensure a smooth and quick approval. We are optimistic that the project would take off by the end of this year. The project would also strengthen our IGR base.”
Other projects slated to boost the Polytechnic IGR, according to the Rector, include production of hand sanitiser, pedal operated hand washing machine, bakery and fumigation chamber.
He said: “About N10m was borrowed from the Polytechnic by the Department of Mechanical Engineering for the production of the pedal operated hand washing machine and N9m has been paid back to the Polytechnic purse.”
The Rector said his administration has made concerted efforts to block leakages to ensure maximisation of revenue generated by the Polytechnic, adding that the effort has made the Polytechnic to save the sum of N48m in the last one year that would have gone down the drain. Some of the identified areas of leakages, he said, include school fees collection, payment for certificates and wage bill.
He listed some achievements recorded by his administration in the last one year as revival of the power guillotine which stopped working since 2014, the rolling machine and the 1,000 KVA generator which has also been down since 2016.
On water supply, the Rector said: “When I resumed in November 2019, most of the toilets on the campus were not functioning due to non supply of water. It was shocking to note that water was not running in toilets of the administrative block of the Polytechnic, as well as all the laboratories. But I am glad to report that the situation has been rectified and water is now flowing in the Polytechnic.
He, however, said that the Polytechnic needs support from well meaning individuals and corporate bodies to achieve some of its lofty goals, optimistic that the state government would soon commence payment of subvention to the Polytechnic.
Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.
According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.
Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.
Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.
Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.
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Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.
According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.
Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.
Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.
Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.
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I am writing to felicitate with Your Excellency, Atku Abubakar, GCON, former Vice-President of Nigeria (Zege Mule u Tiv & Wazirin Adamawa)
on the occasion of your 79th birthday anniversary.
I join your teeming admirers globally in celebrating you on this special day, an adorable Statesman and my Boss.
I recall with nostalgia, how countless generations have benefited from your generosity, wealth of experience and benevolence including being my key benefactor even as a young lawyer for my professional success.
Your Excellency, may your special day be filled with grandeur befitting your illustrious career.
I wish you continued success, prosperity, and an unending stream of accolades.
It takes a remarkable kind of fortitude to remain active in public life well into one’s golden years. Your dedication and patriotism remain truly exceptional.
May you enjoy a day of reflection on your many years of fruitful service to humanity. It is my prayer that God Almighty grants you many more healthy, fruitful, and fulfilling years ahead, and continues to endow you with wisdom, strength, and the grace to keep contributing to our nation-building.
Happy Birthday, Your Excellency.
Michael Kaase Aondoakaa SAN.
Former Attorney General of the Federation and Minister of Justice
TAU reaffirms commitment to globally competitive learning
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