Metro EFCC Summons OAU VC, Bursar Over N1bn 'Misappropriated' Fund

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The Economic and Financial Crimes Commission has summoned the acting Vice-Chancellor of the Obafemi Awolowo University, Ile-Ife, Prof. Anthony Elujoba, and Bursar, Mrs. Aderonke Akeredolu, over the payment of an ‘unapproved’ hazard allowances to the institution’s workers.



The allowances paid to the academic and non-academic staff, Punch correspondents gathered, were over N1bn.

It was learnt that the allowances were sourced from the university’s endowment funds account, which is usually dedicated for projects.

The invitation was confirmed in a letter exclusively obtained by our correspondents on Monday.

The letter, signed by Mr. Oseni Kazeem of the Southwest Zonal Office of the commission in Ibadan, Oyo State, advised the invited officers to come along with necessary documents.

But the spokesperson for the university, Mr. Biodun Olarewaju, argued that the specific fund used in paying the allowances was not attached to any project in the account.

It was also gathered that certain allowances earmarked for the office of the VC were also being investigated by the federal agency.

When contacted on the telephone on Monday, the institution’s Spokesman, Mr. Biodun Olarewaju said the payment of the allowances should not be tagged as misappropriation.

He said, “The acting VC has been invited by the EFCC to come and make some clarification and as a law abiding citizen, he will attend. Afterwards, we will know what to do.
 
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