EFCC arrests Futa Vice Chancellor, bursar

Professor Adebiyi Daramola, Vice Chancellor, Federal University of Technology, Akure, Ondo State and the Bursar, Emmanuel Ademola Oresegun, are being quizzed at the Iyaganku, Ibadan office of the Economic and Financial Crimes Commission (EFCC) in respect to an alleged case of Abuse of Office and misappropriation of funds.

The Vice Chancellor allegedly withdrew Furniture Allowance annually instead of once in 4 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.