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The Economic and Financial Crimes Commission (EFCC) Arrests FUTA’s VC And Bursar
The Economic and Financial Crimes Commission (EFCC) yesterday arrested the Vice Chancellor of the Federal University of Technology, Akure, Ondo State, Prof Adebiyi Daramola and the Bursar, Emmanuel Ademola Oresegun.
They were then transferred to Iyaganku, Ibadan office of the EFCC for questioning in respect of an alleged case of embezzlement and misappropriation of funds.
An anonymous said: “The Vice Chancellor allegedly drew furniture allowance annually instead of once in four years as approved and was paying himself housing allowance while residing in the University’s Vice Chancellor’s Quarters.
“It is further alleged that he diverted funds from various unrelated subheads to finance other projects without the appropriate approvals for such virement.”
