The Economic and Financial Crimes Commission, EFCC, re-arraigned the Vice-chancellor of the Federal University of Technology, Akure, Professor Adebiyi Daramola and the bursar, Emmanuel Ayodeji Oresegun before Justice W. R. Olamide of the Ondo State High Court, Akure on a 9-count charge verging on acquiring cash under false pretense, abuse of office, misappropriation of funds and connivance to take to the tune of N156,984,455.33.
The accused people, in any case, pleaded not guilty to the charges preferred against them.
In perspective of their plea, prosecution counsel, Benedict Ubi implored the court for a trial date.
Counsel to the first and second defendants, O. O. Ogunbade and Ibakun Fasami implored the court to permit the defendants the bail earlier granted them by Justice S. A. Bola on February, 14, 2017.
The EFCC counsel did not oppose the application.
The EFCC spokesperson, Wilson Uwujaren, the VC and the Bursar’s journey to the dock followed a petition to EFCC sometime in 2016, alleging that the duo and the governing council of the University were entrenched in unmitigated corruption, fraud, mindless stealing of the funds of the Federal University of Technology, Akure.
On of the charge reads: “That you, Professor Adebiyi G. Daramola on or about the 2nd of September, 2016 at Akure within the Akure Judicial Division of the honourable court with intent to defraud, obtained the sum of N24, 223,484.00 only from the Federal University of Technology Akure, when you falsely represented that the said sum of money was for your Biennial family vacation overseas for the year 2015 and 2016, which representation you knew was false.”