Panel Indicts Sacked UNAD VC Over N4.9b IGR

The sacked Vice Chancellor of the University of Ado-Ekiti, Prof Dipo Kolawole has been accused of mismanaging at least N4.9 billion generated by the school authorities between 2009 and May 2011.

A source close to the auditors disclosed to journalists in Ado-Ekiti on Sunday that the auditors discovered that N2.8 billion internally generated revenue of the university could not be accounted for.

The auditors also claimed that the university is owing the state government N1.6 billion tax deducted from the staff salaries and from contracts awarded in the school.

The panel alleged that the N4.9 billon was generated between 2009 and May 2011 when Prof. Kolawole who was sacked last week was in charge of the affairs of the university.

The panel also said that UNAD is also owing the Federal Government N500 million withholding tax.

It said that Kolawole installed a private elevator in his office at the cost of N70 million without the governing council’s approval. Kolawole was also accused of building a new gate at the cost of N60 million. This project also, they claimed, did not have approval of the governing council.

They said that these projects were executed while the university lacked a functional library. But Kolawole said that the allegations were not true.

He denied involvement in any financial mismanagement.

He also said that all contracts awarded during his tenure were approved by the govevrning council of the university.

He challenged those in doubt to verify details of financial activities during his tenure with the bursar.

The Senior Adviser to the Governor on Media confirmed that there are auditors in the university but he said that they had not submitted their report.