The Chairman, Governing Council, Ekiti State University, Prof. Bamitale Omole, has said tthat there would be sanctions for infractions discovered in the ongoing forensic audit of the finances of the institution.
According to Omole, the governing council had appointed a firm of chartered accountant to carry out a forensic audit of the finances of the university with a view to sanitizing the financial system of the institution.
According to a statement by the Head, EKSU Information Officer, Bode Olofinmuagun, Omole stated that, “This is with a view to blocking leakages and preventing opaqueness in financial transactions and streamlining financial operations according to best practices for optimal performance.
“This situation is unacceptable and the council is determined to rectify it immediately. It is clear, if there are infractions, there would be sanctions. It is total administrative purpose. It is not arbitrary and not targeted at anyone. But let us wait for the report of the auditors.
“The firm of chartered accountants engaged to carry out the forensic audit would start work immediately,” Omole stated.
Funmilola Bolaji is a Researcher, Writer and a trained Educationist; she’s the editor of Campusbiz Journal. You may want to reach her via firstname.lastname@example.org for Campusbiz Journal related inquiries only.