EFCC Arrest Mapoly Staff Over N.1 Billion Fraud

Abeokuta — Operatives of the Economic and Financial Crimes Commission (EFCC), have arrested three Executive members of the Non-Academic Staff union (NASU) of the Moshood Abiola Polytechnic, Abeokuta,MAPOLY for allegedly mismanaging a sum of N.1billion sinking funds.
Saturday Vanguard gathered that,the three officers who were arrested in handcuff on Thursday include; NASU Chairman, Secretary and treasurer; Mr. Odeogbola Jekinmose,Lekan Egbewunmi and Taiwo Samsideen respectively following a petition by aggrieved members of the union.
It was reliably gathered that,part of their sins is that, the arrested principal officers allocated loans to themselves in excess of what they could repay, going by their earnings.
It would be recalled that Governor Ibikunle Amosun, had, on assumption of office constituted a panel of enquiry to cleanse the Polytechnic of its rot but has failed to implement the recommendations of the panel as headed by the respected retired Justice Bakre, thereby deepening the mess in the Polytechnic.
According to a source who pleaded anonymity, the three officers had been suspended by the local chapters of the Non-Academic Staff Union of Educational and Associated Institutions, (NASUEA) before their arrest.
The decision by the aggrieved members of the union who petitioned the EFCC, which led to the arrest of the three principal officers', was contained in the communiqué of NASU as signed by Funke Adetona and Adekoya Adekunle as Chairperson and Secretary of the union respectively.
In the communiqué a copy of which was obtained by Saturday Vanguard the union had threatened to resort to invite anti-graft agency if the management failed to act on the report of the management committee.
Saturday Vanguard gathered that members of the management committee include: Adekunle Adesola (Chairman); Olasunmbo Oyebolu (member); Olabode Osinowo (member) Adeola Adeyemi (member) The funds, which were loans from consortium of banks, namely FBN, Wema and FCMB were even extended as loans to management staff, including the Rector, Tokunbo Fowode, the Registrar, Yemi Olumide and the immediate past Bursar, Oyeniyi Oyesiku, "as a compromise," a member of the union, who craved anonymity obliged.
Source allafrica.com