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OAU Student Risks Jail Term Over Embezzlement - Education - Nairaland

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OAU Student Risks Jail Term Over Embezzlement by iamdrfresh: 12:10am On Nov 06
http://oaukilonshele.blogspot.com/2018/11/oau-student-risks-jail-term-over.html?m=1

The President of the National Association of Local Government Students, Obafemi Awolowo University (NASLOGOS), Akinwumi Opeyemi, has stolen a sum 565,200 Naira which is the proceeds of the freshers' party held and annual dues paid by members of the association.
As gathered by OAU KILONSHELE, the executives in collaboration with the Head of Department, have decided to hand over Mr. Akinwumi to the Police and later charge him to court.

According to the Criminal Code Act IV of the Nigeria law, any offender who fraudulently takes anything capable of being stolen, or fraudulently converts to his own use or to the use of any other person anything capable of being stolen, is liable to seven years imprisonment.

It was however established that the President misappropriated the huge sum as he pleaded guilty of the allegation when interviewed by the school security team.
Also, when questioned as to how these funds were spent Mr. Akinwumi didn't respond clearly and didn't name any mastermind.

The General Secretary, Ojo Oluwatimileyin, in a statement released to OAU Security team, made known the breakdown of the funds misappropriated.
"Akinkunmi Sodiq, the president, embezzled money meant for souvenir booklets, collected money from the association's account without the approval of the staff adviser, failed to remit incomes from Fresher's Party and remitted a sum of 433,800 Naira only out of 820,000 Naira worth of annual dues."

"433,800 Naira out of 820,000 Naira annual dues were remitted which mathematically means 386,200 were not remitted. Funds worth of 107,000 Naira were collected from the association's account without the approval of the staff adviser. 49,000 Naira incomes from the Fresher's party were not remitted and 14,000 Naira is yet to be paid for souvenirs. These funds when added resulted to 565,200."

Mr. Ojo also revealed that the executives had to opt for the collection of financial statement after several disappointments by the president.

OAU KILONSHELE learnt that it all started when the Financial Secretary tried to collect the financial statement from the bank but was turned down several times by the bank because the President and the Head of the Department, Dr D.O. Adeyemo, are the only signatories to the account.

It was recalled that a similar case happened four years ago, which necessitated going through the department's management inorder to prevent embezzlement of funds.
In recent times, the executives have to get approval of funds' letter from the staff adviser, Dr. B.A. Abioro, after which the President and the HOD will append their signatures on it.

Speaking with OAU KILONSHELE, The welfare DIrector, Aluko Oluwatimilehin, highlighted that the bank finally released the statement of account after the executives submitted a letter of request signed by the HOD.

"The bank gave us the statement of account after we talked to the HOD to give us a signed letter," He said
"We discovered that the president, Akinkunmi Sodiq has been unable to deliver the souvenir booklet in which Dr. B.A. Abioro, the staff adviser has already approved the sum of 117,000 Naira, we summoned several executives meeting and he still couldn't provide the souvenirs. At the request of Dr. B.A. Abioro, we opted for the collection of the statement of account."

In the statement of account which shows the income and expenditure account, a correspondent of OAU Kilonshele confirmed that the total amount of 565,200 had been embezzled.

However, on Friday, the President was impeached after an investigative panel set up by the students' representative council recommended his impeachment.

"The president, who we all trusted, was impeached for misconduct, misappropriation of funds and embezzlement. When we found out he was involved in such an act, I was really surprised." The speaker of the SRC, Saliu Abdulrauf, said.
Speaking with our correspondent, a student of the department who preferred to be addressed as Lydia said "He has been impeached and that is exactly what he deserved. I don't know anything about his current state but I can say it happily that he deserved to be impeached."
As at the time of writing this report, OAU Kilonshele learnt that the case is still being handled by the school as his family has been contacted and has made a promise to refund the embezzled funds.

However, the Chief Security officer of the school, Babatunde Oyatokun, when contacted, revealed that a dime has not been paid by the family as promised.
"The family has shown up and they have made it known that the money will be refunded, however as at the time of speaking with you, I can tell you that no money has been received."

http://oaukilonshele.blogspot.com/2018/11/oau-student-risks-jail-term-over.html?m=1

cc
lalasticlala
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3 Likes 1 Share

Re: OAU Student Risks Jail Term Over Embezzlement by EbukaHades10(m): 1:13am On Nov 06
On top how much wey u go dey go jail?

6 Likes

Re: OAU Student Risks Jail Term Over Embezzlement by Made4naijablog: 7:26am On Nov 06
Ok
Re: OAU Student Risks Jail Term Over Embezzlement by DAYOODS: 7:26am On Nov 06
Nawa ooh
Re: OAU Student Risks Jail Term Over Embezzlement by ishowdotgmail(m): 7:26am On Nov 06
This how Fayose started when he was still in school

16 Likes

Re: OAU Student Risks Jail Term Over Embezzlement by sunnywhyt007: 7:26am On Nov 06
Ok
Re: OAU Student Risks Jail Term Over Embezzlement by DAYOODS: 7:27am On Nov 06
Oga ooh

Re: OAU Student Risks Jail Term Over Embezzlement by fixedhollies(m): 7:27am On Nov 06
Leaders in d making!

5 Likes 1 Share

Re: OAU Student Risks Jail Term Over Embezzlement by Yewandequeen(f): 7:28am On Nov 06
Pere?
Re: OAU Student Risks Jail Term Over Embezzlement by lonelydora: 7:28am On Nov 06
And he's one of the leaders of tomorrow

3 Likes

Re: OAU Student Risks Jail Term Over Embezzlement by donnie(m): 7:28am On Nov 06
wink
Re: OAU Student Risks Jail Term Over Embezzlement by ednut1(m): 7:28am On Nov 06
Nigeria is beyond redemption. One day he go bcom Gandollar

7 Likes 1 Share

Re: OAU Student Risks Jail Term Over Embezzlement by Oluwasaeon(m): 7:28am On Nov 06
Jail term for just over half a milly ? Joke!

1 Like

Re: OAU Student Risks Jail Term Over Embezzlement by 46O1CE: 7:28am On Nov 06
lonelydora:
And he's one of the leaders of tomorrow
na there way
Re: OAU Student Risks Jail Term Over Embezzlement by wakes(m): 7:28am On Nov 06
hm
Re: OAU Student Risks Jail Term Over Embezzlement by Yewandequeen(f): 7:28am On Nov 06
EbukaHades10:
On top how much wey u go dey go jail?
last last he go sleep for guard room. And be bailed next day.

1 Like

Re: OAU Student Risks Jail Term Over Embezzlement by cinoedhunter: 7:29am On Nov 06
Aluta kings cheesy
Re: OAU Student Risks Jail Term Over Embezzlement by jericco1(m): 7:29am On Nov 06
this guy get mind o. they're other perpetrators I believe and sooner rather than later he'll name them.
Re: OAU Student Risks Jail Term Over Embezzlement by Oluwasaeon(m): 7:29am On Nov 06
Yewandequeen:
Pere?
Oya mi lenu
Re: OAU Student Risks Jail Term Over Embezzlement by Izuogu1(m): 7:29am On Nov 06
Nawao.. But both nothing happens if it's a politician that stole it
Re: OAU Student Risks Jail Term Over Embezzlement by letout: 7:29am On Nov 06
Na wa oo
Re: OAU Student Risks Jail Term Over Embezzlement by Pekele007: 7:31am On Nov 06
ishowdotgmail:
This how Fayose started when he was still in school

I guess you started yours by carrying last in class right

3 Likes

Re: OAU Student Risks Jail Term Over Embezzlement by UnrulyVibezKing(m): 7:31am On Nov 06
Aluta Continua; Victoria Aserta...

Re: OAU Student Risks Jail Term Over Embezzlement by Teeboi56: 7:32am On Nov 06
Nigeria and embezzlement are like 5&6
Re: OAU Student Risks Jail Term Over Embezzlement by Gunnax(m): 7:32am On Nov 06
Up and coming looter, naso e take dey start
Re: OAU Student Risks Jail Term Over Embezzlement by Kingjay007: 7:32am On Nov 06
smh...
Re: OAU Student Risks Jail Term Over Embezzlement by sotall(m): 7:33am On Nov 06
Meager 565,200


Poverty is a disease
Re: OAU Student Risks Jail Term Over Embezzlement by don4real18(m): 7:34am On Nov 06
Even if he stole N5, a thief is a thief

1 Like

Re: OAU Student Risks Jail Term Over Embezzlement by stano2(m): 7:34am On Nov 06
He the learn work..
Potential Buhari

Re: OAU Student Risks Jail Term Over Embezzlement by holluwai(m): 7:34am On Nov 06
And our numerous leaders nko?
Re: OAU Student Risks Jail Term Over Embezzlement by ishowdotgmail(m): 7:34am On Nov 06
Pekele007:


I guess you started yours by carrying last in class right

Why you don't normally come to class at all not to have results

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