A socio-cultural organisation, Oro Youth Movement (OYOM), has decried the slow pace of development at the Maritime Academy of Nigeria (MAN) Oron, Akwa Ibom State.
It attributed the problem to fraud and financial recklessness by successive managers of the institution since the inception of the school.
The President of OYOM, Comrade Victor Mkpofor, who spoke with reporters in Uyo, alleged that over N20 billion was mismanaged by governing boards of the premier maritime institution.
He called on the Economic and Financial Crime Commission (EFCC) to investigate the financial activities of the past administrators of the institution.
Said he: “The management of MAN cannot account for over N20 billion.
‘’The institution has overtime been used as a conduit pipe by highly placed persons in the Federal Ministry of Transport, the supervising ministry.”
Mkpofor said revenue accruing to the institution from NIMASA finds its way to private pockets.
Discussion about this post