Fidelity bank card banner Camano banner

Why OAU VC was accused of N1.4 billion fraud

By News Express on 17/12/2016

Views: 1,528


The rubble over the allegation against the acting Vice-Chancellor of Obafemi Awolowo University, Ile-Ife, Professor Anthony Elujoba, appears not be dying anytime soon.

It was revealed to Channels TV correspondent by an insider in the institution who preferred to be anonymous that the Acting Vice Chancellor who is under investigation over alleged diversion of 1.4 billion Naira of the university’s fund, is believed to have violated the rule by drawing the remunerations of a substantive holder of his office.

Prof. Elujoba and the university’s Bursar, Aderonke Akeredolu, were on Tuesday in Ibadan quizzed by the Economic and Financial Crimes Commission over the allegation.

He was appointed acting Vice-Chancellor for a period of six months with effect from July 21.

According to the terms and conditions of the appointment as approved by the Federal Government, Prof. Elujoba’s fringe benefits include N120,000 monthly as furniture allowance.

Investigations however revealed that part of the allegations against him in a petition to the EFCC was that he received over seven million Naira as advance payment of the allowance for the five-year tenure of a substantive vice-chancellor.

The petition alleged that the acting Vice-Chancellor and Bursar diverted monies from the university’s Fixed Assets and Endowment Fund, without approval from the Federal Ministry of Education and the Governing Council of the University, to pay themselves unapproved allowances, including the 7 million Naira as furniture allowance to Elujoba.

Prof. Elujoba and Mrs. Akeredolu, who arrived the Iyaganku office of the anti-graft agency in Ibadan at about 5PM on Tuesday, were quizzed for some hours and released on bail.

Before their arrival at the EFCC offices, scores of workers of the university and supporters had besieged the premises in solidarity with the officials.

When contacted, the EFCC Head of Media in the zone, Ayo Oyewole, declined to give details of the allegations against the acting Vice-Chancellor.

However, he confirmed that he was released on bail while further investigation was continuing.

The spokesman of the university, Biodun Olanrewaju, has however defended the accused officials, arguing that the acting vice-chancellor could not have been involved in financial malpractice as he was not in charge of the university’s finances.

“It is the bursar that is in charge of money, not the acting Vice-Chancellor. This is a man who does not even collect hospitality allowances or security vote as collected by other vice-chancellors,” Mr Olanrewaju said.

He said Prof. Elujoba was brought into the university to stabilise the institution at a time of crisis.

“As acting vice-chancellor, he does the same work as any vice chancellor. Forget about the title, he coordinates the affairs of the university just like a substantive vice-chancellor,” he added.

Insinuating that the development had political undertones, Mr Olanrewaju said Prof. Elujoba had already been recommended by the Senate of the institution as substantive vice-chancellor “with overwhelming majority of 295 votes against 8 votes for his opponent”.

The university’s spokesman also defended the loyalty demonstrated for the embattled vice-chancellor by workers at the EFCC office.

“You could see how all union members of the university stormed the Iyaganku office of EFCC in Ibadan to rally round him. That was to show that the man did not steal or embezzle as alleged,” Mr Olanrewaju stated. (Channels TV)

Source News Express

Posted 17/12/2016 06:01:40 AM

 

 

CLASSIFIED ADS

 

You may also like...
Agro allied processing will enhance job creation in...

Lagos APC defies NWC, declares Sanwo-Olu governorship candidate...

Senators choose a new President as 9th National...

Delta women protest ban on ogogoro

Pope declares death penalty inadmissible, changing Church’s stance...

Catholic priest, monarch, 18 others in SSS net...

Nigeria to launch own satellite soon — Onu...

Get Shekau dead or alive, Buratai charges troops...

US military sparks outrage by tweeting about dropping...

Boko Haram over-runs parts of Adamawa State

Court awards N25m to student who became blind...

Wike plans new security measures in Rivers

 

Latest News BREAKING: Kidnap kingpin Wadume rearrested Supreme Court strikes out Atiku, PDP’s appeal Gunmen kill over a dozen soldiers, wound several others Emerald Energy Institute (UNIPORT) invites applications for Executive Strategy & Leadership Programme •Offers discounts for early birds, bulk subscriptions Ekweremadu tackles Nnamdi Kanu Why Boko Haram is yet to being won — Ex-lawmaker Junaid Mohammed Warning strike: Non-academic staff ground varsities Taraba killings: Detectives trail principal suspect to Middle Belt, Northeast and Southeast Boko Haram war consumes 40,000, displaces 3 million persons Stakeholders fault FG’s planned closure of Enugu Airport 35-year-old dismissed Police Inspector paraded for impersonating DSP in Anambra •CP denies N15m bail fee on Baby Awka Aboru (Lagos) residents decry exploitative bills by Ikeja Electric

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (528,388 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (438,332 views) Shameless Genevieve Nnaji exposes breasts in public (383,179 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (322,015 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (290,028 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (251,097 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (245,739 views) 10 cars more expensive than Jets (232,538 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (227,756 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (213,988 views) Lagos plane crash: Journalist releases victims’ names (192,925 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (190,844 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (98) Business & Economy (4,396) Business Verdict (79) Columnists (1,094) Complaints & Requests (95) Enterprise & Opportunities (215) Entertainment (647) Features (795) Global Business Monitor (419) ICT Monitor (58) International (3,848) Interview (198) Live Commentary (30) Love Matters (166) Maggie's Blog (383) News (50,183) Opinion (1,326) Pidgin (17) Politics (11,318) Religion (1,085) Sports (2,133) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera