Skip to main content

Former Vice Chancellor accused of corruption gets bail

An Osun High Court sitting in Osogbo, on Friday granted bail to the immediate former Vice-Chancellor, Obafemi Awolowo University (OAU) Ile-Ife, Anthony Elujoba, and the former bursar, Ronke Akeredolu.
The accused persons are facing a seven-count charge bordering on fraud, conspiracy and abuse of office.

Earlier, the accused were remanded in the Economic and Financial Crimes Commission (EFCC) custody.

The judge, David Oladimeji, granted Mr. Elujoba bail on self recognizance while Ronke Akeredolu, the former bursar, was granted a N50 million-bail and two sureties in like sum.

He said the sureties must be academic and high-ranking officers within the institution.
The judge, however, condemned the attitude of the staff and students of the institution in Ede on July 11, where the case was first heard.

That day, irate students and workers of the institution staged a protest and compelled the judge to reverse an order sending the former vice chancellor to prison custody.

They insisted he be remanded in an EFCC custody, a demand the judge later agreed to.
Justice Oladimeji said such an attitude could prevent the court from granting a bail to the accused, noting that the bail was granted in the interest of justice.
The accused persons were arrested on July 5.

The EFCC counsel, Festus Ojo, had told the court that the accused committed the offences while serving as the vice-chancellor and the bursar of the institution.
The accused, however, pleaded not guilty to the charges, while the judge adjourned the case until October 27 for hearing.

NAN


Comments

Popular posts from this blog

Understanding Prof. Yemi Osinbajo - Abraham Ogbodo

Abraham Ogbodo I am trying to understand Prof. Yemi Osinbajo, the Vice President of the Federal Republic of Nigeria. Often, he speaks out of character. That is, he talks as if he is Vice President before he is a professor of law, even when I know that the latter comes first. The man wasn’t like this when he was the attorney general of Lagos State and a teacher at the Law Faculty of the University of Lagos. Then, his statements were measured and as a seasoned lawyer, based on facts. But today, Osinbajo is sounding like Adams Oshiomhole, a union leader, who by the grace of God, became governor of Edo State for eight years. The revelations about big thefts in the economy had come more from Adams than even Ibrahim Magu, chairman of the EFCC. It was Adams who said former petroleum minister; Mrs. Diezani Allison-Madueke alone stole 13 billion British pounds from the national treasury. That is like saying she stole in raw cash almost twice as much as the entire fortune of Alhaj...

Boko Haram’s campaign against education and enlightenment - By Landry Signe

Nelson Mandela once said, “Education is the most powerful weapon which you can use to change the world.” Boko Haram, the Islamist terrorist group originating from Nigeria is frightened by this enlightening power of education. Unsurprisingly, on Monday, February 19, the group, whose name often translates to “Western education is a sin,” stormed a girls’ school in the village of Dapchi in northern Nigeria to abduct students. Of the 907 schoolgirls who were in the school the day of the attack, more than 100 are still missing as of Sunday. Since it became violent about a decade ago, Boko Haram’s actions, through these and other types of bloody attacks, have resulted in horrifying consequences. Human Rights Watch estimates that Boko Haram has left at least 7 million in need of humanitarian assistance, 2.1 million displaced, and 20,000 civilians dead. Local leaders claim the number is significantly higher. Despite such causalities, it took Boko Haram’s massive kidnapping of 276 sch...

Much ado about the foreign reserves - Nonso Obikili

I have received a lot of questions about the Central Bank of Nigeria’s (CBN) foreign reserves recently. The CBN has of course been touting the reserves growing from a low of about $24bn to the approximately $42bn it is now. The questions typically centre around why we are keeping so much in reserve when the economy is struggling, and we have poor infrastructure? Why don’t we use the reserves to reduce the poverty that is rampant? The question typically betrays a little bit of misunderstanding over what the foreign reserves are and how the entire thing works. Hopefully, after reading this we will have a better understanding of what it is and what it can and can’t be used for. First, what is the “Foreign Reserves?” It is the amount of foreign exchange that the central bank has at its disposal at any point in time. Some of this is in cash and some in other liquid assets, that is assets that can quickly be turned to cash. Some of this is in US dollars but sometimes it’s in other c...