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EFCC Invites Ex-OAU VC, Bursar Over Alleged N2.8bn Fraud

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Achike Udenwa
  • EFCC Invites Ex-OAU VC, Bursar Over Alleged N2.8bn Fraud

The Economic and Financial Crimes Commission has invited the immediate past Vice-Chancellor of the Obafemi Awolowo University, Ile Ife, Prof. Bamitale Omole, to come and respond to allegations of fraud and other financial crimes levelled against him.

The invitation by the anti-corruption agency is sequel to a petition written to the commission by a group known as the Third Eye Transparency International, Obafemi Awolowo University chapter.

The EFCC in a letter with reference no CR: 3000/EFCC/IB/CTGI-PENSION/031/Vol1/140 and dated January 19, 2017 and signed by the Head of the EFCC in Ibadan, Akaninyene Ezima, invited the former VC to report at the Ibadan office of the commission for an interview.

The anti-corruption agency also invited the OAU bursar, Mrs. Aderonke Akeredolu, to report with the former VC to clarify issues on allegations of fraud and abuse of office allegedly perpetrated by the duo.

The EFCC addressed the letter inviting Omole and the bursar to OAU’s acting Vice-Chancellor, Prof. Anthony Elujoba, so that he could allow them to honor the invitation to appear before the commission.

A source told our correspondent that the bursar went and honoured the invitation on Tuesday but was not sure if Omole had done the same.

The EFCC letter partly read, “This office is currently investigating an alleged case of embezzlement, fraudulent conversion, abuse of office and stealing of public funds involving your institution.

“In view of the foregoing, you are hereby requested to inform and release the above named ( Omole) and the bursar, Mrs. Aderonke Akeredolu, to report at the EFCC zonal office at No 16, Rev’d. Oyebode Crescent, Iyaganku, Ibadan for an interview with the undersigned ( Ezima). “

The bursar was asked to come to the interview with documents on all capital contracts including financial documents for the renovation of the official residence of the VC; documents for Distance Learning and their reliant account numbers between 2012 and 2016.

Also, she was asked to bring documents of funds remitted to the OAU under the NEEDS Assessment of Nigeria Public Universities Special Presidential Intervention between 2013 and 2014 and the financial documents of employers contributory pension scheme.

The group, in a petition against the former VC and the bursar, signed by its lawyer S.T.A. Raji & Co., accused Omole of not following the procedure given by the Federal Government in disbursing the N5,667,407,22 given the university.

The ex-VC was also accused of renovating the VC’s residence with N208m; illegal transfer of N34,905,690.17 from the OAU minor capital account to the MBA Executive Fund deposit account under questionable circumstances.

Also, the former VC and the bursar were accused of illegal deduction of contributory pension from salaries of workers running into billions of naira and the funds had remained unaccounted for.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Tinubu Receives Performance Reports of Ministers, Confirms Planned Reshuffling of Cabinet

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President Bola Tinubu has confirmed that he would be reshuffling his cabinet team based on reports he had received about their performance.

While there is no specific time that the president disclosed for the rejig exercise, the presidency noted that it would be soon.

It indicated that President Tinubu was handed the reports of the activities of his ministers before making the decision that he would overhaul his team.

It added that the president has empirical evidence from performance reports he received in the past months to make some fundamental decisions on which of the ministers would be relieved of their duties.

Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, and the Senior Special Assistant to the President on Digital/New Media, Mr. O’Tega Ogra, revealed this to State House Correspondents during a joint briefing at the Aso Rock Villa, Abuja, on Wednesday.

Onanuga said although there is no timeline for the impending reshuffle, the president has “expressed his desire” to do it.

He insisted that there is no timeline for the forthcoming exercise, adding that the President has expressed his desire to reshuffle his cabinet, and he will do it.

According to Onanuga, he is not aware whether the reshuffling would happen before before October 1 or after it but that the cabinet would be rejigged.

In his remarks, Ogra said the decision would not be arbitrary but will be based on performance reports presented by the Special Adviser to the President on Policy Coordination, Hadiza Bala-Usman. Bala-Usman also heads the Central Delivery Coordination Unit.

He said, “The President’s decision to reshuffle his cabinet is also based on empirical evidence” recalling that President Tinubu, had while speaking at the retreat for the ministers noted that they were going to have periodic reviews and the decisions that are extracted from these reviews will be used to make that final decision.

Investors King had reported that some Nigerians had been demanding the replacement of underperforming ministers in line with Tinubu’s earlier threat that he would sack those who are not performing in his team.

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We Didn’t Cause Hardship in Nigeria – APC 

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All Progressive Congress (APC)

The All Progressives Congress in Osun State has argued that the economic crisis ravaging millions of Nigerians was not the handiwork of the party at the centre.

A former Speaker, Osun State House of Assembly, Timothy Owoeye, made this known Monday.

He said the APC-led Federal Government inherited the hardship in the country which has been in existence for years.

Owoeye, a chieftain of APC in the state was addressing a press conference in Osogbo, capital of Osun State on the activities lined up to mark the 70th birthday anniversary of the Minister of Marine and Blue Economy, Gboyega Oyetola.

Fielding questions from journalists on whether the decision of Oyetola to distribute raw food items was to partly address the hunger allegedly caused by the incumbent administration in the country, Owoeye said the former governor of Osun State would be giving out food to identify with the less privileged and also as a way of appreciating God’s mercy in his life.

He disagreed that the ruling APC plunged the nation into economic woes, saying the current situation dated many years back.

“I want you to know that the present situation in Nigeria was not caused by the APC. It has been there for ages. And for our leader to celebrate the 70th birthday at this time is a way to identify himself with the less privileged people across the state. Giving out foods is not new, it is a way to let you know that our leader, our amiable Honourable Minister for Marine and Blue Economy is a lover of the masses. For him to deem it fit to distribute food for the less privileged is a way of identifying himself with other people, not only the first class elites.

“Those who are close to our principal (Oyetola) will agree with me that Oyetola is a person that considers others. So, with his magnanimity, he believes that sharing food is a way to celebrate God’s mercy in his life and he is doing this by himself to distribute food across the state. The food will be taken to churches, mosques and accredited centers across the state. So, he is doing it by himself. And as of now, there is no way we can categorically say that this is the number of the people that will benefit but I know they are in thousands,” the former lawmaker said.

While disclosing that the Minister would be carrying out medical outreach for about 5,000 residents of the state as part of activities marking his birthday, Owoeye said Osun APC would be celebrating the Minister moderately.

He said, “As far as the medical outreach is concerned, our target is 1,000 patients per centre. The four-day medical outreach is to treat the vulnerable and the needy beginning from Osogbo on Tuesday, 24th September, 2024 at Tinubu/Shettima Campaign Office at 9:00am while the medical outreach train would move to Ilesa on Wednesday 25th, September, 2024 starting from 9:00am.

“The people of Iwo would have the opportunity to patronize the medical outreach programme on Thursday 26th September, 2024 at 9:00am while it would be the turn of the people of Iragbiji to have an access to the medical outreach on  Friday 26th September, 2024 with the climax of the programme in Ilesa with surgery on Saturday 28th September, 2024.

“We shall be distributing raw food items to the less-privileged members of the society at selected mosques, churches and other accredited centres across the state on Friday 27th September and Sunday 28th September, 2024.

“Finally, the 70th birthday celebration anniversary grand finale will hold in Iragbiji with a lecture and prayer session at the Iragbiji residence of the Honourable Minister of Marine and Blue Economy.”

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How Obaseki’s Many Controversies Terminated Ighodalo’s Dream of Governing Edo

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Governor Godwin Obaseki of Edo State

Political analysts have dissected the just concluded Saturday’s governorship election in Edo State, saying that Governor Godwin Obaseki contributed largely to the defeat of the ruling Peoples Democratic Party in the state.

The Independent National Electoral Commission declared Monday Okpebholo of the All Progressives Congress (APC) the winner of the keenly contested Saturday 21, 2024 governorship election in Edo State.

Okpebholo was declared the Edo State Governor Elect with 291,667 votes to defeat Asue Ighodalo of the Peoples Democratic Party (PDP) who got 247,274 and Olumide Akpata of the Labour Party (LP) who came a distant third in the race with 22,761 votes.

Fourteen other candidates contested the seat but got less than the three frontline candidates.

Edo is one of the eight states where governorship elections are held off-season due to litigations and court judgements. Others are Anambra, Bayelsa, Ekiti, Imo, Kogi, Osun and Ondo.

X-raying the poll, some political analysts argued that Obaseki created many enemies for himself before the election and that his political enemies cashed on the election to pay him back.

According to an analyst, Ibe Orji, in an interview with Investors King, Obaseki’s feud with Philip Shaibu robbed the governor’s anointed candidate the chance of occupying Osadebe House in the state.

Orji said, “There are many factors that made PDP lost the election on Saturday. Out of these reasons, Governor Godwin Obaseki shared major part of them. His number one sin is that he forced his former Deputy Governor, Philip Shaibu out of his government. No real political strategist would do that when you know the elections are just a few months ahead.

“If you have also been monitoring events in Edo State, you would know that former governor of the state, Adams Oshiomole had sworn to pay Obaseki back in his coin. The Wike factor is also against him because Obaseki is one of the governors who tackled the Minister of FCT in his battle with his successor, Sim Fubara.”

Also speaking in an interview with Investors King, a political analyst, John Dreck, disclosed that the face-off between Obaseki and the traditional institution in the state would have counted against his candidate.

However, Okpebholo, the Edo Central Senator, leveraged significant influence in his senatorial district, and joined forces with his colleague in the National Assembly from Edo North, Adams Oshiomhole, to defeat Ighodalo, the anointed candidate of the outgoing governor.

Okpebholo’s victory could also be attributed to his alliance with Dennis Idahosa, his running mate who is a federal lawmaker; and Obaseki’s estranged deputy, Philip Shaibu.

The declaration on Sunday evening brings Okpebholo closer to achieving his goal of becoming governor of the state and places his party, the APC, on the cusp of a return to power at the Dennis Osadebe Government House.

The APC lost power in the state in 2020 after the incumbent, Godwin Obaseki, defected from the party to the PDP in the heat of an intra-party squabble and fallout with his predecessor, Oshiomhole. After he was denied the APC governorship ticket, Obaseki joined the PDP and clinched the ticket to defeat APC’s Osagie Ize-Iyamu to seal his second term which will end on November 12, 2024.

Obaseki campaigned strongly for Ighodalo, while Oshiomhole was a focal figure for Okpebholo’s campaign, attending rallies and interviews on behalf of the APC candidate.

Okpebholo was declared winner of Saturday’s election amid protests by supporters of the PDP who strongly posited that the results were fabricated and did not represent the will of the people.

Meanwhile, President Bola Tinubu has congratulated the governor-elect and asked him not to gloat over his victory but see it as a challenging call to service.

The President asked those who feel aggrieved to approach the court for redress.

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