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Misappropriation of funds: FUTA VC, Biyi Daramola grilled by EFCC

Tola Oni
October06/ 2016

The Economic and Financial Crimes Commission (EFCC) Wednesday grilled the Vice Chancellor of the Federal University of Technology, Akure, Ondo State, Prof Adebiyi Daramola and the Bursar, Emmanuel Ademola Oresegun.

They were   quizzed at the Iyaganku, Ibadan office of the EFCC in respect of an alleged case of abuse of office and misappropriation of funds.

A source, who spoke in confidence, 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.”

It was not immediately clear if the affected principal officers have been released as at press time.

 

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Tola Oni