Yabatech in crisis: Bursar accuses rector of embezzling N2bn … The allegation is false –Yabatech spokesman

The bursar of the Yaba College of Technology, Olu Ibirogba, who’s currently on suspension, has accused the school’s rector, Dr Kudirat Margaret Ladipo, of large scale fraud, economic and financial misappropriation. In a letter written by his lawyer, Frank Eke & Co, to the President, Muhammadu Buhari, and the Vice-President, Professor Yemi Osinbajo, Ibirogba said that pursuant to the provision of Section 38 of the Economic and Financial Crimes (Establishment) Act, 2004, he sees it as his duty to bring to the attention of the government the misappropriations. According to the letter, Ibirogba has sufficient information regarding the extent, audacity and temerity with impunity to which the alleged crimes have been perpetrated, to the extent that the rector has allegedly embezzled not less than N2bn in the last five years. Concludingly, the letter pleaded that “Your Excellency, we enjoin you most pleadingly to direct the appropriate anti-graft agency as well as the federal Ministry of Education to commence detailed investigation of these allegations while the institution’s governing council and management are made to step aside to facilitate the unimpeded and unfettered inquiries with the aim of applying necessary disciplinary action on the officer(s) in line with the provisions of extant rules.” When Oseyiza Oogbodo Blog got in touch with the rector, she didn’t pick her phone and she didn’t respond to the text sent to her on this issue. However, Yabatech’s spokesman, Charles Oni, released a statement yesterday in which he claimed that the rector has been cleared of allegations of fraud and corrupt practices and that she has been exonerated by the police and Yabatech’s governing council as well as the Head of Service of the Federation.