Ogun Poly in financial mess, faces imminent crisis

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The Management of Moshood Abiola Polytechnic (MAPOLY), Abeokuta, Ogun State, is set to increase all fees payable by students. DAILY POST learnt that this became inevitable following the financial mess the polytechnic has plunged into, leading to its inability to pay wages.

On Thursday, October 5, MAPOLY workers commenced an indefinite strike due to unpaid three months salaries and other allowances. The spokesperson of the polytechnic, Yemi Ajibola, told DAILY POST that the polytechnic could not pay the wages because “there is no money.” According to Ajibola, the polytechnic became broke after the Joint Admissions and Matriculation Board started ‘dictating’ the number of students the polytechnic could admit for both Full Time and Part Time.

So they cannot pass a vote of no confidence.” Our correspondent gathered that the polytechnic once took loans from banks to pay salaries when things got to its climax in 2021, but it appears the Rector does not want to tread that path anymore. In seeking a permanent solution to the financial challenges in MAPOLY, management is set to jack up all fees, which are yet to be reviewed since over a decade ago.

 

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