Alleged Fraud: EFCC Arraigns FUTA VC, Bursar in Ondo

The Economic and Financial Crimes Commission, EFCC, on Tuesday, arraigned the Vice Chancellor of the Federal University of Technology, Akure, Prof. Adebiyi Daramola and the bursar of the institution, Mr. Emmanuel Oresegun before Justice Bola Ademola of the Ondo State High Court, Akure, over alleged abuse of office and fraudulent practices.

While the embattled VC was arraigned on a nine -count charge ranging from fraud, obtaining money under false pretence, abuse of office and felony, the bursar, Oresegun, was arraigned on two-count change.

When the charge sheet was read to the accused persons, they pleaded not guilty to all the charges.

The first and second defence counsels, Mr. Adebayo Adenipekun and Mr. O. Theophilus however prayed the court to grant the accused persons oral bail.

But the EFCC’s counsel, Dr. Ben Ubi opposed to the bail application, saying the defendants had not presented the written materials for the bail application.

In his ruling, the presiding judge, Justice Bola Ademola ruled that the accused persons should be granted bail of N10million each with two sureties in like sum.

According to him, the sureties must be professors in the university or a Grade level 17 officer in the civil service.

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

He however adjourned the matter to March 20, 21 and 22 for hearing.