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MANAGER ABSCONDS AFTER FRAUD IN EKITI STATE UNIVERSITY

By on November 3, 2011

A manager of the university branch of the United Bank of Africa (UBA), Dipo Ajala has absconded after his alleged involvement in a fraud in Ekiti State University, Ado-Ekiti (EKSU).

The university is now on the issue of an alleged N100 million fraud, with Dipo, an in-law to an Action Congress of Nigeria (ACN) senator, Anthony Adeniyi allegedly perpetrated the fraud through three fixed deposit accounts domiciled in the bank since 2009.

The bank manager was said to have perpetrated the fraud by forging signatures of the Vice Chancellor of the university, Prof Dipo Kolawole and the Bursar, Mrs F. M. Fapounda as well as letterheads of the Bursar. However, Without the university defixing the fund, part of the principal sum was allegedly withdrawn at different times with forged letters from the university authority used by the bank manager.

The matter has been reported at the State Criminal Investigation Department, and the police are making efforts to apprehend the bank manager.