Court sentences ex oyo registrar to 5 years imprisonment for stealing n22 3m

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Court Sentences Ex-Oyo Registrar to 5 Years Imprisonment for Stealing N22.3m

A former Registrar of the University of Ibadan, Professor Adebayo Olukoya, has been sentenced to 5 years imprisonment by a Federal High Court in Ibadan, Oyo State, for stealing N22.3 million.

Olukoya was found guilty of stealing the sum of N22.3 million from the university's account between 2013 and 2015. The court also ordered him to refund the stolen amount.

The Economic and Financial Crimes Commission (EFCC) had charged Olukoya with 14 counts of stealing, forgery, and money laundering. The prosecution presented evidence that Olukoya used his position to steal the money, which was meant for the university's development projects.

The court, in its judgment, held that Olukoya's actions were "unacceptable" and that he had "betrayed the trust" reposed in him by the university.

The sentence is a significant one, as it sends a strong message that corruption will not be tolerated in the country. The EFCC has been working to combat corruption and recover stolen funds, and this sentence is a major victory for the agency.

It is worth noting that Olukoya's sentence is a reminder that those who abuse their positions of trust and engage in corrupt activities will be held accountable.