The Economic and Financial Crimes Commission, EFCC, on Tuesday, arraigned the Vice Chancellor of the Federal University of Technology Akure, FUTA, Professor Adebiyi G. Daramola and the Bursar, Emmanuel Oresegun before Justice S. A. Bola of the Ondo State High Court, Akure, for fraud.
They were charged with nine counts bordering on obtaining by false pretence, abuse of office, misappropriation of funds and conspiracy to steal to the tune of N156,984,455.33.
Their journey to the dock followed a petition received by the EFCC sometime in 2016, alleging corruption, fraud, and mindless stealing of the funds of the university by the duo.
It was alleged, among others, that the VC collected housing allowances whilst living in the government residential quarters, drew Furniture Allowance annually instead of once in 4 years as approved by the Income and Wages Commission….
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