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FUTA's VC, bursar in EFCC net over fraud

06 October 2016, 21:22

Ibadan - Prof. Adebiyi Daramola, Vice Chancellor, Federal University of Technology (FUTA) Akure and the Bursar, Emmanuel Oresegun were on Wednesday quizzed by the Economic and Financial Crimes Commission (EFCC).

The duo were quizzed at the Ibadan office of the anti-graft agency on allegation of abuse of office and misappropriation of funds.

Ayo Oyewole, Head of Public Affairs, EFCC, Ibadan Office, told NAN on Wednesday that the commission quizzed the two men based on the petition it received against them.

He said that the duo were alleged to be involved in corruption, fraud, criminal breach of trust, unlawful enrichment, conversion of millions of naira belonging to the university.

Oyewole said that the Vice Chancellor allegedly received furniture allowance annually instead of once in four years as approved.

He added that Daramola was also accused of paying himself housing allowance while residing in the University’s Vice Chancellor’s Quarters.

He said that the petition also alleged that the VC diverted funds from various unrelated subheads to finance other projects without the appropriate approvals for such virement.

The duo are still being interrogated at the time of this report.


Tags futa efcc

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