EFCC arrests the V.C and Bursar of the Federal University of Technology, Akure, Ondo State, over an alleged misappropriation of funds

 

Professor Adebiyi Daramola, Vice Chancellor Federal University of Technology, Akure, Ondo State and the Bursar, Emmanuel Ademola Oresegun, are being quizzed at the Iyaganku office of the EFCC in Ibadan today 5th of October, 2016 in respect of an alleged case of Abuse of Office and

misappropriation of funds reported against the duo.
According to the petition submitted to the Commision, it was alleged that the Vice Chancellor and the Bursar were involved in “Corruption, Fraud, Criminal Breach of Trust, Unlawful Enrichment and Conversion of millions of Naira of the University”.
The Vice Chancellor allegedly drew Furniture Allowance annually instead of once in 4 years as approved and was paying himself Housing Allowance while residing in the University’s Vice Chancellor’s Quarters. The petition further alleged that he diverted funds from various unrelated subheads to finance other projects without the appropriate approvals for such virement.
They are still undergoing interrogation as at report time. #Fraud #EFCC
Source:Efcc