The vice-chancellor of the Federal University of Agriculture, FUNAAB, Olusola Oyewole is currently in jail as he faces fraud charges.

Oyewole was charged along with the university’s pro-chancellor, Adeseye Ogunlewe and the university’s bursar, Moses Ilesanmi. The three men were handed an 18-count charge of appropriating N800 million belonging to the university.

Despite Oyewole and Ogunlewe being granted bail, the two of them were still required to spend Friday night in jail. Ilesanmi’s bail application was rejected. Staff of the university, including the whistleblowers who were sacked, were all present in court for the ruling.

“That you Senator Ogunlewe, Prof. Olusola Oyewole and Moses Ilesanmi between the month of September and October, 2013 at Abeokuta within the Jurisdiction of this Honourable Court with intent to defraud did deposit the sum of N400,000,000.00k (Four Hundred Million Naira) only property of Federal University of Agriculture, Abeokuta in a fixed deposit account without due process,” one of the charges from the EFCC reads.

Another charge from the anti-graft body reads: “That you Senator Adeseye Ogunlewe, Prof. Olusola Oyewole and Moses Olusola Ilesanmi sometime between the month of September and October, 2013 at Abeokuta within the Jurisdiction of this Honourable Court with intent to defraud did deposit the sum of N442,849,898.00k (Four Hundred and Forty Two Million, Eight Hundred and Forty Nine Thousand, Eight Hundred and Ninety Eight Naira) only property of Federal University of Abeokuta in a fixed deposit without due process.”

The presiding judge, O.O. Majekodunmi, granted Ogunlewe and Oyewole bail in the sum of N50 million and two sureties, and also asked them to tender their international passports. They were not able to fulfill the conditions of the bail before the close of work, and the FUNAAB excos have to spend the night in jail.