HomeNewsFuta Vc and bursar Arrested by Efcc over embezzlement and fraud

Futa Vc and bursar Arrested by Efcc over embezzlement and fraud


​The embattled Vice Chancellor of the Federal University of Technology , Akure , Prof . Adebiyi Daramola and the bursar of the institution , Mr . Emmanuel Oresegun were on Tuesday arraigned before the Ondo State High Court , Akure , over alleged fraudulent practices.

The Economic and Financial Crimes Commission arraigned Daramola on a nine – count while Oresegun was arraigned on a two – count . The count charges against the VC included : fraud, obtaining money under false pretence , abuse of office and felony .


The accused persons however pleaded not guilty to all the charges .

During the court hearing, the counsels to the first and second defendants , Mr . Adebayo Adenipekun and Mr . O . Theophilus , appealed to the court to grant the accused persons oral bail but the EFCC ’ s counsel, Dr . Ben Ubi opposed the bail application , saying the defendants had not presented the written materials for the bail application .

However , after the arguments of both parties had been heard, the presiding judge , Justice Bola Ademola ruled that the accused persons should be granted bail of N 10 m each with two sureties in like sum. He said the sureties must be professors in the university or a Grade level 17 officer in the civil service .

He also ordered that the accused persons should be remanded in police custody till the perfection of the bail application .

For the past few months the FUTA campus had been hit with crisis between the three labour unions in the varsity and the VC , leading to the academic activities on the campus being paralysed .

The workers , who included members of the Senior Staff Association of Nigerian Universities , Non – Academic Staff Union of Universities and National Association of Academic Technologists , accused Daramola of misappropriating the funds of the university. The unions insisted that the VC would not return to the school after he had been arrested by the EFCC .

It would be recalled that Daramola and Oredegun were invited in 2016 by the anti – graft commission following petitions against them over alleged financial management . They were reported to have been granted an administrative bail by the commission .

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