Barring any last minute change in plan, the Economic and Financial Crimes Commission (EFCC) is set to arraign the embattled Vice Chancellor of the Federal University of Akure (FUTA), Adebiyi Daramola, and the Bursar, Emmanuel Ademola Oresegun, at a Federal High Court in Akure.

SaharaReporters learned on Monday that EFCC officials have arrived in Akure, the Ondo State capital, on a mission to drag the embattled Vice Chancellor before the Federal High Court there by Tuesday morning.

Mr. Daramola and Mr. Oresegun have been accused of diverting funds from various related subheads of the institution to finance their personal pockets.

The embattled VC has specifically been accused of withdrawing furniture allowances annually and paying himself a housing fund while residing in the Vice Chancellor's quarters, actions that violate the university’s rules.

A top staff of the university disclosed to our correspondent on Monday that the anti-graft agency has gathered enough evidence against Mr. Daramola over an alleged financial misappropriation of the institution's funds.

The source, who pleaded anonymity, confirmed that the anti-graft agency has completed its investigation of the case.

“I am aware that the EFCC officials, with some of their lawyers, have arrived in Akure and they are prepared to charge the Vice Chancellor (Adebiyi Daramola) and the Bursar (Emmanuel Oresegun) in court unfailing tomorrow (Tuesday) at the Federal High court.

"I just left the police headquarters of the SIB in Akure where the VC and Bursar have been detained on the instructions of the EFCC and am sure details of this will be revealed to you later," the source said.

It would be recalled that Mr. Daramola was arrested by the anti-graft agency following various petitions over his alleged financial mismanagement at FUTA.

Both Mr. Daramola and Mr. Oresegun have been regular visitors to the Iyagankun office of the EFCC in Ibadan, the Oyo State capital, to explain allegations against them.

Since the discovery of the misappropriation, union leaders from the Senior Staff Association of the Nigerian Universities (SSANU), National Association of Academics Technologists (NAATs) and the Non-Academic Staff Union (NASU) have called for the removal of the Vice Chancellor.

The scandal has led to a series of protests on the campus of the institution, with one side led by union leaders and the other by the management team loyal to the embattled Vice Chancellor.

Federal University of Technology - Akure

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