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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.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Government

University Of Ibadan (UI) Goes Digital, Releases Timetable for Virtual Academic Session

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University Of Ibadan (UI) Goes Digital, Releases Timetable for Virtual Academic Session

University of Ibadan (UI) on Friday announced it is going ahead with resumption on February 20 despite the second wave of COVID-19.

In a statement released by the school, the First Semester of the 2020/2021 academic session will commence virtually on February 20, 2021.

The virtual academic session will last for 13 straight weeks and end on Friday May 12, 2021, while the matriculation ceremony will hold on Tuesday March 16, 2021.

The University of Ibadan also scheduled one week for the Finalization of Continuous Assessment, to begin from Mon. 17 May and ends Friday 21 May.

The rising number of COVID-19 cases has compelled the Senate to approve the virtual academic session in an effort to ensure the tertiary institution abides by the protocols established by the Federal Government to curb the spread of the pandemic.

“It, therefore, agreed that the 2020/2021 First Semester lectures will be delivered online. In this regard, students will not be accommodated on campus,” a statement from the school said.

“Senate also approved the cancellation of the 2019/2020 session. The next session is, therefore, renamed 2020/2021 Academic Session. Consequently, students who have been admitted for the 2019/2020 session will now be regarded as the 2020/2021 intakes.

“Kindly note that online opening of Registration Portal and Orientation Programme for the 2020/2021 intakes may commence ahead of the Sat 20/02/21 date indicated above,” the statement said.

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House of Representatives Impeached Trump Over Capitol Invasion

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House of Representatives Impeached Trump Over Capitol Invasion

The United States House of Representatives on Wednesday impeached President Trump for the second time after instigating the US Capitol invasion.

Led by Speaker of the House, Nancy Pelosi, 232 representatives, including 10 Republicans, voted to impeach the outgoing president against 197 that voted for him to remain in the office for the next six days when he would handover to the president-elect, Joe Biden.

The ten Republicans were Representatives Liz Cheney of Wyoming, the party’s No. 3 leader in the House; Jaime Herrera Beutler of Washington; John Katko of New York; Adam Kinzinger of Illinois; Fred Upton of Michigan; Dan Newhouse of Washington; Peter Meijer of Michigan; Anthony Gonzalez of Ohio; David Valadao of California; and Tom Rice of South Carolina.

Speaking before the vote, Pelosi said “a constitutional remedy that will ensure that the Republic will be safe from this man who is so resolutely determined to tear down the things that we hold dear and that hold us together.”

“He must go. He is a clear and present danger to the nation that we all love,” she said, adding later, “It gives me no pleasure to say this — it breaks my heart.

Republicans, who unanimously stood behind president Trump in 2019 during his first impeachment, were divided this time over the attack on Capitol.

A Republican representative from California, Kevin McCarthy, said “The president bears responsibility for Wednesday’s attack on Congress by mob rioters,” Mr. McCarthy said. “He should have immediately denounced the mob when he saw what was unfolding.”

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US Congress Declares Joe Biden as The 46th President of The United States After Trump Mob Left

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Joe Biden Economic Impliccations on Nigeria

US Congress Declares Joe Biden as The 46th President of The United States After Trump Mob Left

The joint congress of the United States on Thursday, January 7, 2021 certified Joe Biden as the 46th President of the United States following President Trump’s mob action that disrupted the congress joint proceeding on Wednesday.

After ordering his followers to disrupt proceedings on Wednesday, President Trump later announced that there will be an orderly transition on January 20.

Even though I totally disagree with the outcome of the election, and the facts bear me out, nevertheless there will be an orderly transition on January 20th,” Trump said in a statement issued by White House Deputy Chief of Staff Dan Scavino.

“I have always said we would continue our fight to ensure that only legal votes were counted. While this represents the end of the greatest first term in presidential history, it’s only the beginning of our fight to Make America Great Again!” Trump added.

While the certification was just a mere formality as Biden had secured enough electoral college votes (270) required to clinch the world’s most powerful seat, the refusal of Donald Trump to accept the results of the November 2020 election made the session a keenly watched, especially after Trump mob disrupted a joint session of the Senate.

Also read Facebook, Twitter, Instagram Lock President Trump Out of Their Platforms Following Insurrection

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