N 1.4 billion Fraud.. EFCC  Arrests OAU VC, Bursar

N 1.4 billion Fraud.. EFCC Arrests OAU VC, Bursar

The  acting Vice Chancellor of Obafemi Awolowo University [OAU]
Professor  Anthony  Elujobi and the University Bursar Mrs Aderonke
Akeredolu are being quizzed at the Iyaganku office  of EFCC IN
Ibadan,  Oyo state capital.
A  statement from  the EFCC made available to us  on Tuesday  said the
Vice Chancellor was being quizzed in respect of an alleged case of
illegal and corrupt diversion of N1.4billion.
According to the petition  the Vice Chancellor and the Bursar
allegedly diverted the sum from the University’s  Fixed Assets  and
Endowment  fund without approval from the  Federal Ministry of
Education and the University  Governing Council  to pay some
unapproved  allowances from which he paid himself N7M Furniture
allowance.

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