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N100m fraud rocks Ekiti varsity ...Bank manager on the run

By Lere Olayinka
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The Ekiti State University, Ado-Ekiti (EKSU) is now being rocked with an alleged N100 million fraud, with a manager of the university branch of the United Bank of Africa (UBA), Dipo Ajala now on the run over his alleged involvement in the fraud.

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 embattled bank manager, who is allegedly being shielded by the Ekiti State government was said to have perpetrated the fraud by forging signatures of the esrtwhile Vice Chancellor of the university, Prof Dipo Kolawole and the Bursar, Mrs F. M. Fapounda as well as letterheads of the Bursar.

Our reporter gathered that in 2009, the university opened three fixed deposit accounts with the bank, amounting to about N450 million.

Interest on the deposits were regularly remitted into relevant accounts of the university as evidence of the safety of the lodgment.

Without the university defixing the fund, part of the principal sum was allegedly withrawn at different times with forged letters from the university authority used by the bank manager.

As at the time of going to press, the three fixed deposit accounts still subsists at the bank.

Already, the matter has been reported at the State Criminal Investigation Department, and the police are said to be making efforts to apprehend the bank manager, who is alleged to have to ran Abuja and being housed by the his father in-law.

Meanwhile, the former Bursar, Mrs. Fapounda has petitioned the Economic and Financial Crimes Commission (EFCC) over the alleged fraud, calling a thorough investigation of the matter.