Photos: EFCC Arraigns FUTA VC, Bursar For Over N156 Million Fraud

The Economic and Financial Crimes
Commission, EFCC, on Tuesday, February 14, arraigned the duo of the Vice
Chancellor, Professor Adebiyi G. Daramola and the Bursar, Emmanuel
Ayodeji A. Oresegun, before Justice S.A Bola of Ondo State High Court,
Akure Ondo State, on a 9-count charge bordering on obtaining under
false pretense, abuse of office, misappropriation of funds and
conspiracy to steal to the tune of N156,984,455.33 (One Hundred and
Fifty Six Million Nine Hundred and Eighty Four Thousand Four Hundred
and Fifty Five Naira Thirty Three Kobo).

The VC and the Bursar’s journey to
the dock followed a petition received by the EFCC in 2016, alleging
that the duo and the governing council of the University were
entrenched in unmitigated corruption, fraud, mindless stealing of the
funds of the Federal University of Technology, Akure, Ondo State.

It was alleged that the VC
misapplied funds, collects housing allowances whilst living in the
government residential quarters, drew Furniture Allowance annually
instead of once in 4 years
as approved by income and wages Commission, uses public funds to
finance private expenses, illegal payment of allowances to Council
members of the University, gives self excessive cash advance, direct
procurement of motor vehicles without approval/waiver from Bureau of
Public Procurement, collecting bogus monthly imprest, transferred and
placed N100,000,000.00 funds of the University in a fixed deposit
account without due authorization.

The 2 accuse persons, however pleaded not guilty to the charges.

One of the count charge reads:
“That you, Professor Adebiyi G. Daramola on or about the 2nd of
September, 2016 at Akure within the Akure Judicial Division of the
honourable court with intent to defraud, obtained the sum of Twenty
Four Million Two Hundred and Twenty Three Thousand Four Hundred and
Eighty Four Naira (N24, 223,484.00) only from the Federal University of
Technology Akure, when you falsely represented that the said sum of
money was for your Biennial family vacation overseas for the year 2015
and 2016, which representation you knew was false”

Another count read:

“That you, Professor Adebiyi G.
Daramola and Emmanuel A. Ayodeji Oresegun on or about the 21st January,
2015, at Akure within the Akure Judicial Division of this honourable
court with intent to defraud, conspired to fix the sum of One Hundred
Million Naira (N100, 000,000:00) only property of Federal University of
Technology, Akure in a Wema bank account No: 1300003035 without due

In view of their plea, counsel to
EFCC, Dr Benedict Ubi asked for a trial date. But counsel to the 1st and
2nd defendants, Adebayo Olanipekun and O. Theophilus, prayed the court
to allow them to move oral application for bail. Ubi was opposed to
oral application for bail, stating that the counsel have to put facts
before the court as to the reason why the defendants must be granted or
refused bail, the the need for time to peruse and react to the content
of the bail application.

Justice Bola, after considering the
arguments of all the counsels, granted bail to the defendants in N10m
bond, 2 sureties in like sum who must be professors in the Federal
University of Technology, Akure, or public officer not less than grade
level 17, must depose to affidavit of means, present title documents of
landed properties within the jurisdiction of the court and must
present evidence of tax payment for the past 3 years.

Justice Bola however adjourned the matter to 20, 21 and 22 of March
for trial and ordered that the defendants be remanded in State CID,
Police headquarters, Akure pending the perfection of their bail