An Ondo High Court sitting in Akure has discharged the immediate past Vice Chancellor of the University of Technology, Akure (FUTA), Prof. Adebiyi Daramola, of the fraud allegations levelled against him by the Economic and Financial Crime Commission (EFCC).
In the same measure, the court also set free the bursar of the university, Mr. Ayodeji Oresegun, who was dragged to court along side with the former VC by the anti-graft agency.
They were both arraigned on a 17-count charge bordering on corruption, abuse of office, advance fee fraud and conspiracy to steal over N156 million belonging to the institution.
Aside the Advance fee fraud, the former VC and the Bursar were accused of conspiracy to commit a felony to illegally place on fix deposit fund of FUTA in a Wema bank account without the necessary approval.
The duo, however pleaded not guilty to the charges and were freed of 17-count charge bordering on corruption, abuse of office, advance fee fraud and conspiracy.
Justice Ademola Bola of the Ondo state high court had earlier withdrawn from the trial following the petition from the Joint Action Committee (JAC)of the institution, saying they have no confidence in the court.
The case was later transferred to Justice Williams Olamide, who eventually discharged and acquitted the duo of the criminal liabilities in the charges preferred against them by the anti-graft agency.
Justice Olamide, while reading his verdict said that the prosecutors failed to establish before the court all the allegations levied against the appellants. He said he was inclined to believe the claims of the defendants as the prosecution could not sufficiently link them with the crime.
They were however discharged and acquitted of all the charges preffered against them.