Tuesday, 12 April 2022

Drama As Great Ife Students' Union Executives Question Bank Officials Over Missing Union Funds[Video]


By Olukanmi Abidemi Abeeb ÀBÍMÓ

At the early hours of Monday, 11th April 2022, the Executives of the Great Ife Students' Union led by Comrade Olayiwola Folahan Festus "Reform" stormed the OAU branch of the UBA bank protesting an alleged unauthorized withdrawal of the Union funds from the students’ union account. The alleged “unauthorised withdrawal” which happened on Friday, 8th April 2022 was said to have occurred through the conspiracy of the former Students' Union President, Dr.IBK colluding with the Union President, Reform 

Recall, that Eagle Post News Platform had earlier reported that the Students' Union President colluded with the former President of the union, Dr Ibk of withdrawing ‘over 700,000’ from the union account.

However, in a Press Release from the office of the President, he stated that he's not aware of the withdrawal as he did not sign or withdraw the said "over 700,000 Naira from the Union account.  

Speaking at the bank venue, the President said “I am as shocked as the generality of Great Ife students on this withdrawal, I and the Financial secretary of the union are the signatory to this account, I didn’t sign, the financial secretary didn’t sign, none of us signed the withdrawal of this money, we don’t even have a cheque book yet, we need more support than attack from the students at this time, I don’t know about the missing fund, we will go any length to unravel this mystery and we are holding UBA bank responsible for this”

The bank manager who had earlier invited the school security pleaded to the union officers to exercise patience so as to conduct a thorough investigation in order to unravel the mystery behind the missing fund. 

 The financial secretary of the union Comrade Joy Abiola "Legbeti said “I am shocked and angry, what is the essence of our signature as signatory if money can be removed behind our back, as an accountant in embryo, I understand the place of transparency and inline with the oath I swore, I won’t be part of any mismanagement or embezzlement of Union funds, this is sad and disappointing, UBA bank has to explain”

Further investigations reveals that the President and Financial secretary has filed their respective reports with the University to help them further investigate and review the mystery of this matter.

President Reform further stated that they are tendering their distrust on UBA on this unwanted and unfortunate development and will go any length to get justice.

In a Video obtained by OAUPeeps News Agency, the Central Executive Council(CEC) members of the Union were seen questioning the Bank where the Union money was

To Watch Video Click HERE

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