Group challenges Bank of Industry on entertainment industry

The Coalition of Nigerian Entertainment Stakeholders has called on the new management of Bank of Industry led by Rasheed Olaoluwa to react to a media reports of the bank's alleged plot to jettison the entertainment industry. The coalition has however called on the management for a dialogue on the true position of the development and the same time calling on the bank to refute same with immediate effect.

In a letter addressed to the managing director of BOI and signed by its chairman and Secretary General, Oba Sijuade Adedokun and Myke Pam respectively,the coalition threatened to engage all stakeholders in the industry to move against the management if necessary steps are not taken in the next seven days commenc‎ing from Monday,October 27,2014.
One of such steps according to the chairman in an interview is to lead a protest to the president and the supervising minister in Abuja to call for the removal of the managing director. This he said will be necessary because the new boss must have come with an idea to be in conflict with the president Jonathan's conviction that with right support to the industry, it would be a major employer of our youths. It is also an industry that has contributed significantly to the country's GDP, he said.
It would be recalled that the present government made available the sum of two hundred million dollars as an intervention fund for the industry and same fund was deposited in BOI for execution.