The Vice Chancellor of the Federal University of Petroleum Resources (FUPRE) in Effurun, Delta State, Akaehomen Akii Ibhadode, has been arrested alongside other top management staff at the institution over a N300 million fraud scandal.
A senior lecturer at the institution who confided in our correspondent said corruption and fraud “run in the DNA of our Vice Chancellor,” adding that since the fraud was uncovered, Mr. Ibhadode and other top management staff have been “running from pillar to post.”
According to a management staff of the institution, the scandal involves the N300 million National Economic Empowerment and Development Strategy (NEEDS) assessment fund granted to the institution. Rather than use the fund to finance building projects, it was diverted by Mr. Ibhadode and other staff of the university, the source explained.
“The NEEDS assessment fund was intended for the building of structures in the school, but this was not done,” the source said. “Over N300 million was diverted by the VC and his gang. Instead of using the money for the purpose it was meant for, my VC, in his usual fraudulent way of life, painted old structures in the school sponsored by the Tertiary Education Trust fund (TETFUND) some years back.
“On hearing that the NEEDS assessment officials from Abuja would be visiting the institution to see the structures the funds were used for, the VC hurriedly went to place the NEEDS logo and signboard on the projects to cover up his tracks, but unfortunately for him, the team discovered that the projects presented were sponsored by TETFUND some years back and immediately the Economic and Financial Crimes Commission (EFCC) was brought in,”
Gistnaij.com learnt that Mr. Ibhadode and two senior management staff were arrested and quizzed a few weeks ago by the Rivers State zonal office of the EFCC in Port Harcourt.
Meanwhile, as at press time, all efforts to reach out to the EFCC spokesman, Wilson Uwujaren, were unsuccessful, as calls to his mobile phone were not answered. An EFCC source, however, confirmed the story, saying that the institution’s VC and others were arrested and quizzed over a N300m fraud.
When contacted, the Vice Chancellor confirmed that he and other staff had been quizzed by the EFCC in Port Harcourt, but denied that it was over a N300 million fraud.
“Yes, it’s true that we have been invited by the EFCC for questioning for about two times now at their Port Harcourt office over an issue, but certainly not connected to any N300 million fraud. Though there are so many issues surrounding the NEEDS assessment fund in the institution which I can tell you that I am not part of,” Mr. Ibhadode said.
JOBS RECOMMENDED FOR YOU
- National Identity Management Commission NIMC Recruitment 2020 (19 Positions)
- Fidelity Bank Plc Graduate Trainee Recruitment 2020
- Federal University of Petroleum Resources FUPRE Recruitment 2020 for Teaching And Non-Teaching Staff
- Lagos State Government Health Service Commission Massive Job Recruitment 2020 for Graduates
- Oyo State Teaching Service Commission (TESCOM) 2020 Massive Recruitment/
- FG officially Begins Recruitment of 774000 Nigerians, See How to Apply
- Federal Ministry of Water Resources 2020 Job Recruitment (3 Positions)
- DSS Recruitment Application Form 2020 is Out
- Nigeria Air Force 2020/2021 Massive Recruitment for Airmen/Airwomen form (BMTC 2020) is out
- Nigeria Police Force Recruitment form 2020
LATEST JOBS IN NIGERIA
For Breaking News, or Eye witness report Contact us on: SMS/Whatsapp: +2347033247217 Email: [email protected].com
NOTE : No Genuine Employer will Request for MONEY from Job Seekers
The views expressed in this article are the Author/writer’s, they do not reflect the views of EJES GIST NEWS. Please report any fake news or defamatory statements to [email protected]