OAU management in fresh trouble as lawmakers investigate N4.603b unremitted funds

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[Osun]–The management of Obafemi Awolowo University, Ile-Ife might have just been in a fresh trouble as the House of Representatives Committee on Public Accounts yesterday quizzed officials of the institutions over alleged failure to remit N4.603 billion in the 2008 financial year.

The committee’s investigation followed a query by the Office of the Auditor General of the Federation, which was sent to the committee and it was alleged that the amount represented the personnel cost that was not reflected in its cashbook at the time of the audit.

The audit report had urged the university to either refund the unremitted funds, or have it deducted gradually from its statutory allocations.

However, Guardian has reported that the new Vice Chancellor, Prof. Ogunbodede Eyitope, said although he was aware of the allegation, he was unable to give the details because he was barely three days old in the office.

According to Eyitope, the university had been prudent in the management of its financial resources, as evident in its judicious management of about 32 bank accounts meant for research works.

He appealed for more time to enable the school’s management to review the response to the committee.The committee Chairman, Kingsley Chinda granted his request, but cautioned against misleading the committee in facts and figures.

He said the committee was committed to ensuring that government agencies support the anti-corruption drive of Federal Government. Chinda urged the vice chancellor to present the institution’s cashbook on July 5, from 2008 to 2012, with evidence of its retirement and the statements of account of the 32 bank accounts amongst other relevant financial documents.

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