Oluwasaeon:

Oya mi lenu

they should just let him sign an MOU as to how and when he will pa,is its weekly or monthly simple

don4real18:
Even if he stole N5, a thief is a thief

we never can tell. He might not have stolen it,probably he used it for a particular business that didn't yield returns.

Yewandequeen:
we never can tell. He might not have stolen it,probably he used it for a particular business that didn't yield returns.

Well, he didn't have the right. The students put their trust in him and he broke it

To some this is a meagre amount.
To some he should be left alone.
To some there is nothing spectacular...

To me, this is how it always start. If he has more in that account, he would steal more. This is how politicians start.

Shebi a sitting governor embezzled $5 million as kickbacks from contractors & a court of law is even stopping his state's house of assembly from investigating him. Na so dem dey start dem polithoefical career

don4real18:

Well, he didn't have the right. The students put their trust in him and he broke it

Yes he did. But one thing u need to know is, when ure in power n possession of funds that u can easily access and you have project you want to execute. You won't think twice before you use that fund with the mind of returning it as soon as possible. But sadly enough it doesn't go well as planned most times.

only in nigeria...steal billions and pay 50million as bail....

Let them jail the idi.o.t na. What are they still waiting for?

That was how former SUG President of ESUT embezzled SUG's money. The school told us they expelled him but as I'm typing this he is in NYSC camp.

This is Nigeria. Everybody na...

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

cc
lalasticlala
fynestboi
mynd44

AT STUDENT LEVEL HE HAS JOIN THE LEAGUE OF PROFESSIONAL LOOTERS!

You could imagine what he could be by the time he graduate from the University and decides to join the bandwagon of Political looters.

By their fruit you shall know them.

He should be grab by those RED UNIFORM MEN of EFFC Magu team to face probe.

SMALL THIEF AND BIG THIEF NA STILL THE SAME THIEF!

Unfortunately for him this bad record will affect his future career as it will be chronicled into the record books and used against him especially if he decides to run for public office.

everyone is a thief
dnt get caught
i keep telling that to niggis runnin streets
december is here
u have and must pick
even if u aint got shiiit
u sef wan flex like u rich
thief jail na whr u go xmas inside heat

Oluwasaeon:
Jail term for just over half a milly ? Joke!

in developed world 1 naira can mean life imprisonment.
You are seeing it that way because our institution are not really strong...
Taje the case of China for instance any misappropriation of fund means life imprisonment

Kennedy94:


in developed world 1 naira can mean life imprisonment.
You are seeing it that way because our institution are not really strong...
Taje the case of China for instance any misappropriation of fund means life imprisonment

I understand. But it's a joke when compared to what our politicians are stealing.

indeed that animal will be claiming him self as one of the leader of tomorrow

EbukaHades10:
On top how much wey u go dey go jail?

stealing is stealing

How I wish our political office holders can b treated like dis and made to be accountable for their nonchalant attitude towards public offices I blive nigeria ll b d best Country d world has ever seen

hakeem4:
stealing is stealing

I know,but if person won steal,make he steal beta money wey be say he go proud to go jail bcus he know say if they release am,his money dey wait for am.

Yewandequeen:
last last he go sleep for guard room. And be bailed next day.

With which money? The nygga fit don finish am sef and he no remember wetin he use the money do.

EbukaHades10:
With which money? The nygga fit don finish am sef and he no remember wetin he use the money do.

family will bail him

Yewandequeen:
family will bail him

He get beta family be dat. Daddy Ebuka will make me sleep inside cell for like a week or two make I learn sense.

EbukaHades10:
He get beta family be dat. Daddy Ebuka will make me sleep inside cell for like a week or two make I learn sense.

buahahahha ha. I can relate. My own papa go add more months for me self.

A party wil lov him...iP youD knowP

Look, this person has followed the path of the leaders and role models available to him....
He has followed his environment....we cannot put the blame on him.

So it has become the norm in Nigeria that any position of power is seen as an avenue to steal. And these are leaders of tomorrow. This country is finished.

Yewandequeen:


Yes he did. But one thing u need to know is, when ure in power n possession of funds that u can easily access and you have project you want to execute. You won't think twice before you use that fund with the mind of returning it as soon as possible. But sadly enough it doesn't go well as planned most times.

Honestly if you don't think twice before using funds that aren't yours then sorry to say that a a criminal in the making. Cos always always it cannot be replaced.

By the way why does the HOD have a say in the financial matters of the student union?

Also what the hell is national association of local government students? What local government.

thedondada:


Honestly if you don't think twice before using funds that aren't yours then sorry to say that a a criminal in the making. Cos always always it cannot be replaced.

By the way why does the HOD have a say in the financial matters of the student union?

Also what the hell is national association of local government students? What local government.

True at the bolded but As long as the person isn't greedy he will refund it.