The Economic and Financial Crimes Commission has arraigned the Vice-Chancellor of the Federal University of Technology, Akure, Prof. Adebiyi Daramola, for an alleged fraud of N156,984,455.33.
Daramola was arraigned on Tuesday alongside the university Bursar, Emmanuel Oresegun, before Justice S. A. Bola of the Ondo State High Court in Akure.
The accused persons were arraigned on nine charges bordering on obtaining money under false pretences, abuse of office, misappropriation of funds and conspiracy to steal N156,984,455.33 belonging to FUTA.
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