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Three-year revolving global credit facility will strengthen African agricultural networks and bolster the continent’s food security Cairo, 26 August 2020: – The African Export-Import Bank (Afreximbank), Africa’s...
HomeFinancial Misappropriation: Court acquits Elujoba and Akeredolu

Financial Misappropriation: Court acquits Elujoba and Akeredolu

An Osun State High Court sitting in Osogbo on Thursday discharged and acquit the former Acting Vice-Chancellor of Obafemi Awolowo University, Ile-Ife, Professor Anthony Elujoba of abuse of office and financial misappropriation.
The court also discharged and acquit the former Acting Bursar of the university, Mrs Josephine Akeredolu on allegations of fraud and conspiracy levelled against her by the Economic and Financial Crimes Commission.
The duo was arraigned by the anti-graft agency in 2017 before an Ede High court on seven counts of conspiracy, stealing, paying of earned and productivity allowance of N1.4 bn to staffers of the university without authority’s approval, illegal payment of furniture allowance, abuse of office and conversion of money belonging to the university.
The prosecution team led by Mr M. S. Usman called three witnesses and tendered exhibit to prove it case.
However, the first defendant, represented by Mr Abiodun Olabanpe and Mr Segun Akeredolu, who represented the second defendant entered a no-case submission.
In his judgement, Justice Wasiu Akanbi said the prosecution failed to prove the case of illegal payment of furniture allowance beyond a reasonable doubt. He said the evidence of prosecution witness two(PW2), as well as the letter of appointment of the Acting Vice-Chancellor, tendered before the court showed that the first defendants have right to fringe benefits attached to the office.
He added that PW2 and PW 3 contradicted themselves on whether the first defendant can be paid furniture allowance pro-rata, moreover, the judge added, the university, the owner of the money did not complain of any missing money or fraud against the accused person.
Source: PMNI News, June 25, 2020