He should sell the bitcoin and pay them na. He must have made alot of profit

So strong

why flee nw, him don make enough as BTC been jump, may be na Roqqu the guy take invest now him no fit withdraw again, if na binance no issues due to p2p

Are you sure about this OP? You have openly names the institution without clear evidence or a source. Hope the story is true.

Unverified news

Yes, 1B might be missing but no source to confirm it was used to invest in BYC

The Rector shouldn't have access to Lecturers salary...

If he did that by last month or last year, he must have had enough yields to pay up salaries. But i think salaries are directly paid from the state coffers

Is it the Rector that pays salaries. Payment of salaries is done by the government now.

Which kind news be dis

LOLzzz making fast money

Mafo.....rector on this table sha.....the money long oooo

What is it with Nigerians and the desire to gamble with other people's money? E be like say e dey sweet us for body

K

guy man rector, ask him partner bihari.

Yea, someone in the Admin,salary, account must be involved.

EkelediliBuhari:


How did a rector get the autonomy to draw 1bn

This is madness

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why will he run, if truly he invest it by buy Bitcoin and hold he should be a billionaire by now, he should pay back the loan and resign n seat back to eat from the proceed, Bitcoin has X5 since November last year so if he invest it he should have a proceed of nothing less than 4 billions now but if he invested it on Ponzi which I suspected he is that's bye bye. stop calling Ponzi a Bitcoin.

Why are people using nairaland to kill image of people . If someone invested #1bn in Bitcoin that person won't be short of lowest a 224million naira gain in the last 8 days .BTC touched $58k few days equivalent to 1kg of gold.
If that rector invested der he is on money. He can withdraw into his foreign currency account or use P2P to get his naira.
Blackmail ain't cool. Accuse him of using d money on something else

Petyr1:
what if he was unable to withdraw after CBN but a ban on it?

Then he should use Peer To Peer and withdraw now

Where is the evidence a whopping ₦1b was invested in bitcoins?
Lecturers acting and thinking like uneducated touts.
Provide proof.
What if evidence now comes out showing the delay was from the ministry of finance?

Immaculate755:
Rector Flees After Investing #1billion Meant For Lecturers Salaries In Bitcoin

The rector of Federal polytechnic, Ado-Ekiti is currently on the run after investing about N1 Billion meant to pay salaries of lecturers into Bitcoin.

The lecturers have reportedly began strike action by closing down the gate of the school in protest of N1 Billion salaries arrears owed by the rector.

Students have also shown displeasure over the rector’s action, as the federal government is being called upon to intervene.

Rector no smart shaa. Passing six is not passing sense.

I don't get it. How was he able to withdraw or have access to the Lectures salary...

DaddyRochie1642:
That Rector is probably somewhere right now Weeping and gnashing his teeth

Weeping and gnashing??

As how? people salary

pastie:

I thought about the credibility, no reliable source

How did they know exactly what he used it for?

Fake news.

Where is the source?

SirbobbyDgreat:
If that's true then the bitcoin suppose don multiply gan cause bitcoin have been on the rise lately

It’s $51,000 like this..

1bn is about $2.45m

The rector would be somewhere smiling now cuz he has successfully gain some fresh interest here..

Immaculate755:

For u doubting Thomas, the satellite campus gate has been shut down because of this and funnily enough they’ve started their examination but the examination has been suspended till further notice.

It's not about shutting down. It's about investing the money in bitcoin which no one can independently verify now.

There's no mention of Bitcoin or 1 billion in this article or any of the others I've seen.
Just ASUU demanding their normal demand... OP be guided.

https://gazettengr.com/federal-poly-ado-ekiti-lecturers-disrupt-exams-prevent-students-from-entering-school/

https://twitter.com/IndependentNGR/status/1366974129614675971?s=19