Following reports that revealed how Prof. Olanrewaju Fagbohun, Vice Chancellor of Lagos State University (LASU) and Adebayo Ninalowo, Pro Chancellor of the university, allegedly diverted N198 million from the staff pension fund of the institution, the Academic Staff Union of Universities (ASUU) LASU chapter, has written a petition to the Lagos State Governor, Akinwunmi Ambode, to probe the university management on the sad development.
According to reports, ASUU chapter of the university stated that the intervention of the governor and Visitor to the institution is imperative at this time to put an end to the alleged illegalities and arbitrariness prevalent in the university.
In a letter dated May 13, 2019, signed by the secretary of the ASUU LASU chapter, Tony Dansu and his deputy, Adeola Oyekan, ASUU said it was the 29th letter it had written to Gov. Ambode in the last 26 months, adding that the state governor has failed to act on any of the previous letters.
The union revealed how the management of the university diverted a whooping amount of N198 million out of the N689 million it illegally withdrew from an escrow to purchase 12 luxury vehicles under the guise of using the funds toward the accreditation of some academic programs in the university which contained the contributory pension of the university’s employees.
“We are aware that the personal limits of the Vice Chancellor and the Pro Chancellor are N5 million and N20 million respectively.
“From the records displayed, the executive approval made for expenditure under contention were N215 million and N474 million (N689 million) before the Governing Council Post purchase approval were approved one after the other.
“The second tranche was not discussed with the finance and General Purpose Committee of the Governing Council contrary to the regulation,” the letter reads in part.
The union has however called on Gov. Akinwunmi Ambode to set up a visitation panel to look into “the increasing level of lawlessness” in the university.