Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,641,806 members, 6,184,363 topics. Date: Sunday, 07 March 2021 at 10:34 PM

OAU Lecturers Accuse school Management Of Misappropriation Of Fund - Education - Nairaland

Nairaland Forum / Nairaland / General / Education / OAU Lecturers Accuse school Management Of Misappropriation Of Fund (542 Views)

Sex For Marks: OAU Lecturers Demand Probe Of Professor / EFCC Set To Arraign FUTA VC, Bursar In Court Over Misappropriation Of Funds / OAU Lecturers Accuse Mgt Of Administering N3.5 Billion Without Due Process (2) (3) (4)

(1) (Reply)

OAU Lecturers Accuse school Management Of Misappropriation Of Fund by stenmikas(m): 10:22pm On Apr 20, 2016
The Budget Monitoring Committee of the
Academic Staff Union of Universities, Obafemi
Awolowo University, has accused the
management of the institution of expending N3.
5billion meant for hostel renovation and
construction of new lecture theaters in breach of
due process and transparency.
The funds were part of the N100billion released
by the Federal Government in 2013 for all
universities in response to the long drawn
agitations of ASUU against the government.
The implementation monitoring committee had
spelt out guidelines for accessing the
intervention fund for Nigerian Public
Universities, but the school failed to abide by
the guidelines.
According the report of the committee
addressed to ASUU members, and which was
obtained by PREMIUM TIMES, the management
failed to follow due process in contract
awarding as well as failing to utilize needs
assessment phase 1 funds made available to the
institution in August 2013 as required by the
The report which was signed by the committee’s
chairman, A.O, Aderibigbe, on 4th of January
2016, also noted that the approval for the
release of the funds was done in writing by the
Permanent Secretary of the Federal Ministry of
Education addressed to the Vice Chancellor of
OAU on 23rd of August 2013.
The report indicated that the letter from the
Ministry of Education conveyed the approval of
NI3.5billion needs Assessment phase 1, funds to
OAU under the Special university revitalization
programme based on the needs Assessment
The monitoring committee reported that the
following projects, namely Rehabilitation/
Renovation of hostels for N200million;
Rehabilitation/Renovation of lecture theaters
and lecture rooms for N250million; Construction
of new facilities-Hostels, N 2billion; Construction
of new facility -Lecture Theaters and lecture
rooms, N300million and Construction of new
facility -Laboratories and Library, N300million,
all totaling N3.5billion, were to be carried out as
The committee noted that the second tranche of
the funds totaling N2.833billion was transferred
from the Central Bank of Nigeria to two
commercial bank accounts operated by the
“On 30/09/2014 I was reliably informed that the
sum of N2,833,703,703.61 was transferred from
the CBN into the OAU account with the bank and
in this regard the university administration
directed an officer to issue receipts as follows (a)
First Bank, account no: 2023659287 Account
name:OAU Special revitalization programmer
Account , Amount N1,308,703,703.61billion and
Zenith Bank, Account number:1013549122
Account name: OAU Presidential
Implementation of Needs Assessment Account,
Amount :N1,525,000,000billion and the officer
complied, the truth will surely prevail sooner
than later,” Mr. Aderibigbe stated in the report.
“The letter informing the university of the
transfer of N3.5billion directed that there
should be strict compliance with the
procurement act 2007 in the implementing of
the projects.”
The ASUU monitoring committee stated that
while the approval letter quoted an allocation
of the sum of 3.5billion, the university claimed it
received only N2.833billon.
The committee wondered how an allocation of
N3.5billion naira meant to execute projects
worth the same sum, would turn out to become
The committee further alleged that the
university had unilaterally identified,
prioritized and awarded contracts for some of
the projects with total exclusion and sidelining
of university budget monitoring committee,
ASUU BMC said that in compliance with the IMC
Guidelines the projects should be awarded with
the knowledge of ASUU’s monitoring committee,
adding that the management was in violation of
stipulated guidelines and due process .
The Public Relations Officer of the institution,
Abiodun Olanrewaju, told PREMIUM TIMES that
ASUU’s allegation was false, as all funds
received by the institution from the Federal
Government had been judiciously used.
He said the management of OAU had also been
transparent in the handling of the funds and the
execution of projects in line due process of
“To the best of my knowledge we always
advertise all the infrastructural projects in two
national newspapers and the tenders journal in
Abuja,” Mr. Olanrewaju said.
“Fortunately, my office is in charge of placing
the adverts for interested persons to be aware.
“If there is agreement between the management
and ASUU regarding the administration of the
funds, I am not aware.”.


(1) (Reply)

FUTMINNA Orders The Immediate Expulsion Of All Pre-degree Students / How To Make Students Pass UMTE — By Lawrence Adenipekun An Educationist / Scholarship! Scholarship!! Scholarship!!!

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 42
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.