A group of concerned citizens in Ekiti state has called on Tunji Alausa, minister of education, to take action on a committee’s report which allegedly uncovered financial inconsistencies amounting to ₦387,231,000 at the Federal University Oye-Ekiti (FUOYE).
The group urged the minister not to overlook the committee’s findings, which it said pointed to irregularities under the leadership of the outgoing management of the institution.
They expressed concern over what they described as recurring cases of corruption within the university since the beginning of the tenure.
In recent years, Abayomi Fasina, vice-chancellor of the institution, has faced various public allegations and criticisms. The group said the latest development — the discovery of the committee’s report — has further heightened public scrutiny of his administration.
The report, titled “Report of assessment committee on Institute of Part-Time Studies” and dated October 2024, was compiled by a four-member panel chaired by Bosede Adenigba, with Chinagorom Ugwu as secretary, and Patric Fadamiro and Muyiwa Olubo as members.
The committee, which assessed and audited the financial operations of FUOYE’s Institute of Part-Time Studies (IPTS) between 2021 and 2024, produced a 37-page document outlining the findings.
According to the report, the committee uncovered “a trend of yearly monetary channeling to unknown land” in the institute’s financial records.
The committee alleged an administrative portal maintenance fees amounting to ₦278,808,000 were not captured by the accountant.
It also claimed that screening fees from 2021 to 2024 — totalling ₦38,684,000 — were omitted from the accountant’s report.
“Payments for handbooks and orientation fees from the 2022 to 2024 academic sessions, amounting to ₦24,322,000, were also reportedly unrecorded,” the group said.
“The report further stated that medical insurance fees totalling ₦15,696,000, paid by students, were not reflected in the financial accounts.
“An additional ₦2,001,000 in school fees for the 2021/2022 academic session was said to have been underreported, while student debtors amounting to ₦27,720,000 were also unrecorded.
“In total, the committee said it discovered financial inconsistencies amounting to ₦387,231,000 within the IPTS between 2021 and 2024.”
The group asked how such discrepancies could have occurred, who was responsible, and whether any sanctions followed the committee’s discovery.
It also raised concerns about whether similar issues might exist in other institutes and centres within FUOYE.
For instance, Prof. Fasina’s administration as the Vice-Chancellor of FUOYE has been heavily criticized for the ongoing selection process for a new Vice-Chancellor expected to take over from him in February 2026.
The criticism was said to be based on facts that the selection process was designed to appoint a preferred candidate of Prof. Fasina and the Chairman of FUOYE’s Governing Council, Senator Victor Ndoma-Egba.
Some of the allegations of corruption and outright disregard for the rule of law were also linked the the lawmaker, who according to findings, was instrumental to many cover-ups of corruption and sexual harassment allegations against Prof. Fasina and his loyalists.
The group urged Alausa to investigate the matters diligently, ensuring that those responsible are held accountable and most importantly facilitate the suspension of the ongoing Vice-Chancellorship selection process to give adequate room for a fair selection process of a new VC.
