A group under the auspices of concerned workers of Joseph Ayo Babalola University , ikeji-arakeji, osun state, has petitioned the Economic and Finacial crimes commission of the alleged fraud being perpetrated by some members of management of the institution.
A copy of the pettiton which was signed on behalf of the group by Pastor Gabriel Ajayi was obtained by our correspondent on wednesday.
Specifically, the petitioners mentioned the Registrar of the institution Pastor Wale aderigbe and the Vice-chairman of the university,s governing council Pastor caxton fasuyi both of whom were alleged to have turned businessmen and running the affairs of the institution the way they wished.
According to the pettiton the duo were allegedly behind all the shady deals that had been happening in the school for quite sometime.
These deals they claimed included siphoning of money meant for the running of the institution into private pockets and awarding of all the contracts to their private firms without following due process.
But the accused persons had denined all the allegations, describing them as malicious and false.
However the document attached to the petition revealed that - Pastor Wale Aderibigbe and Pastor caxton segun Fasuyi are alter-ego directors of oyin microfinanace bank respectively and vcl microfinance bank respectively and on december 17. 2014, Pastor Wale Aderibigbe as Registrar awarded contracts worth #220,057,905.00 for the construction of some buildings in the university to some microfinance banks.
Efforts to reach Fasuyi were unsuccesful as his lines were not going through and he did not reply the text messages sent to him but Aderibigbe spoke with our correspondent in his office.
He said all the allegations levelled against them were lies and mischievous to smear their reputation,
Aderibigbe said he had been assiting the institution financially and he never misappropriated any funds that belongs to the university.
He said ''all development projects you see on this campus are donation from different people incliuding the VC, even myself, so that we award contract to our compaines is not correct. The council decided at one point that when we have anything we want to do and the university has no funds to do it the criteria might involve whoever is doing it should what we call cost of funding on top of it which is the profit margin to the person to do it.
He admitted owing a micro-finance bank but said the bank had been in existence before the establishment of the university and he had been using it to help many people including the workers of the institution who needed money.