An Ondo State High Court sitting in Akure has discharged the immediate former Vice-Chancellor of the Federal University of Technology, Akure (FUTA) Prof. Adebiyi Daramola, of the fraud allegations levelled against him by the Economic and Financial Crime Commission (EFCC). The court also set free the bursar of the institution, Mr Ayodeji Oresegun, who was dragged to court along with Daramola by the anti-graft agency. The two accused persons were arraigned on a 17-count charge bordering on corruption, abuse of office, advance fee fraud and conspiracy to steal over N156m belonging to FUTA. Aside from Advance Fee Fraud, the Daramola and Oresegun were accused of conspiracy to commit a felony to illegally place on fix deposit fund of FUTA in a WEMA account without the necessary approval. Reading his verdict, Justice Olamide, said that prosecutors failed to establish before the court all the allegations levied against the appellants.

Source: Nigerian Tribune February 03, 2019 18:56 UTC