EFCC Arraigns Former OAU VC, Bursar for N‎1.4billion Fraud

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The Economic and Financial Crimes Commission, EFCC, July 7, 2017 arraigned a former acting Vice Chancellor, Obafemi Awolowo University , Prof. Anthony Elujoba and the University Bursar, Mrs. Aderonke Akeredolu before Justice A. D. Oladimeji of the Osun State High Court sitting in Ede on a 7-count charge bordering on conspiracy, stealing, abuse of office and using position for gratification.

The defendants, however pleaded not guilty to the charges preferred against them

In view of their plea, prosecution counsel, Festus Ojo prayed the court for a trial date and to remand the defendants in prison custody. The defense counsel however approached the court with a formal application for bail which the prosecution counsel opposed to on the grounds that he was served the application in court and needed time to formally respond.

One of the charges reads: “That you, Professor Anthony Elujoba and Josephine Aderonke Akeredolu whilst being Public Officers of the Obafemi Awolowo University, Ile-Ife in Osun State between the month of August and September 2016 at Ile-Ife within the jurisdiction of this Honourable Court conspired to distribute the sum of N1,060,725,000.00k (One Billion, Sixty Million and Seven Hundred and Twenty Five Thousand Naira) to your colleagues as productivity bonus.

The defendants were arraigned following a petition alleging that Elujoba, alongside the Bursar, diverted over One Billion Naira from the University’s Fixed Assets and Endowment Fund without approval from the Federal Ministry of Education and Governing Council of the University to pay some unapproved allowances from which he received N7m (Seven Million Naira) as furniture allowance.‎

Justice Oladimeji adjourned the case to 11 July, 2017 for hearing of the bail applications and remands ‎the defendants in the EFCC custody.

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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