The Vice Chancellor Of the Federal University of Technology (FUTA), Akure, Gregory Dartmouth and the school’s bursar, Ayodeji Oresegun, were Tuesday arraigned over allegations of N24m Fraud.
They were accused of misappropriating public funds, misuse of office, and obtaining money under force pretence, among others.
The Economic and Financial Crimes Commission (EFCC) said in the charge that the Vice Chancellor and the bursar conspired “on or about 21 January, 2015 with intent to defraud to wit illegally place on fixed deposit the money of the Federal University of Technology Akure in a WEMA bank account No 1300002035.”
The charge sheet read further: “That you Prof. Adebiyi G. Daramola on or about 2nd September, 2016 at Akure within the Akure judicial division of this honourable court with intent to defraud, obtained the sum of Twenty four Million Two Hundred and Twenty Three Thousand four Hundred and Eighty four naira (24, 223,484.00) from the Federal University of Technology, Akure, when you falsely represented that the said sum of money was for your Biennial family vacation overseas for the years 2015 and 2016 which representation you knew to be false:”
The accused persons pleaded not guilty to all the charges levelled against them after the charges were read.
Their counsels prayed the court to admit their clients to bail on most liberal terms saying that their offenses were bailable.
They argued that the accused VC and bursar had already been enjoying their administrative bail by the EFCC.
In his own submission, the prosecution counsel, Ben Ubi, objected to their bail application on the ground that an application seeking for bail must place material facts before the court.
But in his ruling, the presiding Judge, Justice Bola Ademola, granted them bail in the sum of N10m with two sureties each who must be public servants, resident within the court jurisdiction with three years tax clearance and two sized passport photographs each.
Justice Ademola thereafter adjourned the case till 20, 21, 22 March, 2017 for mention.