Vice Chancellor Docked For Alleged N800 Million Fraud Returns Money To EFCC

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The embattled Vice Chancellor of Federal University of Agriculture, Abeokuta,  Olusola Oyewole, and others accused of corruption have refunded N6.5 million to the anti-graft agency, EFCC.

Mr. Oyewole is facing criminal charges for allegedly misappropriating N800 million belonging to the university. He was charged to court alongside the university’s Pro-Chancellor, Adeseye Ogunlewe, and Bursar, Moses Ilesanmi.

The three were accused of benefitting from various illegal allowances not approved by Nigeria’s Salaries and Wages Commission.

Investigation showed that Mr. Oyewole  refunded N2.5 million on December 6 from the illegal allowances he allegedly collected to finance his daughter’s wedding. Four other staff  of the university also refunded a total of N4 million from similar illegal allowances.

A spokesperson of the EFCC zonal office in Ibadan, Ayo Oyewole, confirmed that some money was returned by suspects in the matter.

“The Commission will ensure that everybody who benefited from the illegal allowances return whatever they collected to the coffers of the university,” he said.

The monies returned so far are, however, a far cry from the N800 million that the EFCC says Mr. Oyewole and others mismanaged.

The university’s spokesperson, Emi Alawode, declined comment saying the matter was already in court.

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