Business
Fresh Crisis Splits Rivers Transport Corporation
Disagreement over management of resources of the Rivers Transport and Investment Cooperative Union Limited (RTICUL) has resulted to another division of the Union, as a splinter group has gone ahead to establish another cooperative transport outfit.
The new firm, The Tide reliably gathered is known as the Rivers Transport Cooperative Union Limited which is also registered with the Rivers Cooperative Federation (RCF), with its office at the Cooperative house, and is headed by one Mr. Ibinoye Sunday, popularly known as “one-eye man”.
Investigation revealed that disagreement began among the executive members of the union who had distrust among themselves over revenue accruing to the union, while some were accused of diverting the funds to private account for personal gain.
Speaking on the issue when The Tide visited his office, the President of the transport cooperative, Mr. Tubonimi Wokoma said that all that has happened was a game plan by some persons to cripple the operations of the union.
According to him, “what happened is not enough for them to pull-out from the union, but I think such is the manifestation of their game plan and hidden agenda”.
On his part, the leader of the new transport cooperative group, Mr. Ibinonye told The Tide that he recently discovered a huge fraud in the system, while they in the field were made to believe that there was no money in the system. He posited that between January and July 2011, the Union made about N1.2 million Naira, and accused the President of diverting the Union’s fund for personal enrichment, and vowed to fight for the recovery of the fund.
It would be recalled that a faction of the former executive of the union broke out about two years ago on the same issue, leaving only the President behind.
Corlins Walter