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$1.2m Hostel Fraud: Elizade University VC Sentence To 5yrs Imprisonment



An Ondo State Magistrate Court sitting in Akure, the state capital, has sentenced the former Vice Chancellor of Elizade University, Ilara-Mokin area, Prof. Adekunle Oloyede, to five years imprisonment for $1.2 million fraud.

Justice Aderemi Adegoroye jailed the professor after finding him guilty on all six counts of false pretences, stealing and fraud contrary to the anti-graft laws of the state.

The accused, Oloyede, was said to have fraudulently obtained the sum of $720,000 for the construction of a 500-bed space at the school, while he also obtained the sum of $250,000, $150,000, and $620,000 at different times.

The money was collected from Mike Ade Investment limited for Duro Global Property under the false pretence of using the amount for the construction of a hostel for the institution.

The Professor of Medical Engineering was dragged before the Court by the State Legal Officer, represented by Mr O.E Akintan, who told the court of the professor to stand accused of conspiracies to steal and to obtain by false pretence contrary which are punishable under section 516 of the criminal code.

Read Also: Remorseless Fraudster Sentence To Prison Over Defrauding Raddison Blu Hotel

In the evidence before the court, several amounts running into millions in foreign currency were paid into the account linked to Oloyede and his cronies for the importation of panels for the construction of a hostel for students of the university.

The court heard that despite the payment for the panel and for the shipment of the materials from Australia to Ilara-Mokin in Ondo State, the former Vice Chancellor failed to execute the projects, leading to his arrest and prosecution for alleged fraud by the state government.

Oloyede, while denying the allegation of fraud against him, said he made a presentation of his ideas and innovation of making the school world-class to Chief Ade Ojo, saying the founder was impressed.

He said one of his ideas was to have a revenue-generating portfolio and it was the idea that brought in the suggestion of the school having a factory to manufacture panels for building affordable houses.

The Counsel to Oloyede, Chief Kunle Ijalana, said the matter before the court was contractual and not criminal in nature contrary to the charges brought against the accused and, therefore, asked the court to dismiss the charges.

Also Read: Supreme Court Says Old Naira Notes Remain Legal Tender

The embattled VC had some time in 2015 visited the institution ahead of his September appointment date as the second substantive Vice-Chancellor of the university.

During the visit, Oloyede had seen a new 512-bed male hostel project whose contract had just been awarded for $1.8m.

Even though a contractor had been mobilised to the site, the institution said Oloyede advised and persuaded the university’s founder, Chief Michael Ade-Ojo, to discontinue the project and adopt a new technology called PIR Panel Building Technology.

According to him, that would make the completion of the building to be faster and ready by August 2015, while also saving 40 per cent of the original contract sum.

Fascinated by the new technology, Ade-Ojo had agreed to adopt it, believing that the hostel would be ready by August 2015, ahead of the students’ resumption that year.

Click To Read: Ondo Pastor Appears in Court Over Allegation of Raping Pregnant Woman

Based on the incoming VC’s recommendation, Ade-Ojo, between March and July 2015, transferred a total sum of $1.2m to an Australia-based firm that was introduced by Oloyede — Duro Global PTY Ltd.

However, Justice Adegoroye said the prosecution has proved the charge against the accused beyond reasonable doubt and consequently found him guilty as charged, sentencing the accused to five years with an option of a fine of N350.000.00.

The Court also sentenced Oloyede to another three years with an option of a fine of N250.000.00 and said the prison terms shall run cumulatively.

Justice Adegoroye ordered that in facilitating restorative justice as provided under Section 290(6) ACJL of the state 2015, the defendant should refund the sum of $131,500 being the balance obtained from Chief Ade Ojo and the money should be paid within six months of failure which the defendant shall serve additional one year in prison

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Top Court News is a product of a dedicated Journalist, owner of I-Wahab Media The Publisher started his Journalism career with Murhi International TV, MiTV in 2003 before working with Radio Nigeria, Lagos Operation, as a Judicial Correspondent. He is presently the Chairman of the National Association of Judicial Correspondent, NAJUC, Ikeja Branch and he is the Vice Chairman of Nigeria Union of Journalist, NUJ, Radio Nigeria Chapel. is out to serve you with informative and educative News in the Judiciary sector. To put an end to the under reported activities of the sector among the three arms of government


Murder Trial of Hilton Hotel Owner, Dr Adedoyin Suffers Set Back




The trial of Hilton Hotel owner, Dr Rahman Adedoyin, and his six workers being prosecuted over the alleged murder of Obafemi Awolowo University student, Timothy Adegoke, has suffered set back as their defence counsel failed to file final written address on time.

Justice Oyebola Ojo, had adjourned till March 16 for adoption of final address by parties.

It was learnt that the counsel to the defendant failed to file their final written addresses on time, which also prevented the prosecution counsel from filing a response to enable the court proceed.

A source told journalists that the court could not seat because prosecution counsel could not respond to the addresses filed by defendants in the matter.

“The court could not sit because the defence counsel could not file their written addresses on time, hence prosecution counsel could not respond. So there are no addresses before the court to warrant it to seat for parties to adopt,” the source said.

Prosecution counsel, Fatima Adesina, who had always represented Femi Falana, SAN, in court, said the parties had agreed to meet and address the court on April 27.

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Alleged Kidnap of Chief James Uduji: Evans Trial Start Afresh




The convicted billionaire kidnap kingpin, Chukwudumeme Onwuamadike alias Evans has started afresh over alleged kidnapping and attempted murder of Chief James Uduji before a Lagos State High Court sitting in Tafawa Balewa Square.

Evans was re-arraigned alongside Joseph Emeka, Victor Aduba and Okapara Linus before Justice Ibironke Harrison.

They are facing five count charges bordering on conspiracy, kidnapping, and attempted murder, preferred against them by Lagos State.

The case started afresh after the case file was transferred from Justice Adedayo Akintoye the initial trial judge.

Read Also: Court Order Remand of Suspected Kidnappers

Evans and his co-defendants, were arraigned for allegedly kidnapping Chief James Uduji and collecting a ransom of $1.2m dollars.

They, and others at large, allegedly committed the offence on September 7, 2015 at 7th Avenue, Festac Town, Lagos.

The defendants were also accused of attempted murder by allegedly firing shots at Uduji, and Donatus Nwoye which hit him on the hand and again shot one Mr. Jereome Okezie on the hand and head.

When the matter came up for re-arraignmemt, Mr H. Owokoniran announced his appearance for prosecution, while Mr Nelson Onyejiaka held the brief of Evans lawyer who was absent and also appeared for the 2nd defendant.

Also Read: Dismissed Policemen Sentence To Death Over Aiding Kidnapping

Mr A. K. Orajiuka, appeared for the 3rd defendant, while Mr Emmanuel Ochai appeared for the 4th defendant.

According to the prosecution the offences committed contravened Sections 411, 271 (3) and 230 (A) , of the criminal laws of Lagos state 2015.

However the defendants pleaded not guilty to the charges against them.

The case was adjourned till May 3 and 4, 2023 for trial.

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Predator Sentence To Life Imprisonment For Defiling Minor




An Ikeja Sexual offences and Domestic Violence Court, has sentenced a predator, Stephen Francis, to life imprisonment for defiling an 11-year-old minor.

Justice Abiola Soladoye held that the prosecution had sufficiently proved the three essential ingredients of defilement against the convict.

The judge said that the overwhelming narrative of the prosecution witnesses, the two exhibits tendered at Olosan Police Station and at the state CIID Panti, made by the convict voluntarily admitted his guilt.

According to her, the confessional statements of the convict were consistent with the evidence given by the survivor and her mother before the court.

“The survivor, 11 year old primary five pupil, identified the defendant in the dock as the man who sexually defiled her when he told her that his wife was calling her to run errands for her.

Read Also: $1.2m Hostel Fraud: Elizade University VC Sentence To 5yrs Imprisonment

“The defendant took her to his house and had sex with her. She said “he took me to his room and slept with me. I went to my mother and reported to her after that we went to the police station”.

“The survivor’s testimony was consistent and unshaken under cross-examination.

“The survivor’s mother testified that she went to buy drugs for herself on the day of the incident and that she met her daughter crying by the time she got back home.

“The evidence of the prosecution witness 2 (survivor’s mother) that she examined the private part of her daughter and found sperm confirmed the narration of the survivor.

“There is no contradiction to nullify the guilt of the defendant as the evidence before the court is very clear.

Also Read: Murder: Court Remands Labourer For Fighting Over A Woman

“The defendant stripped her naked and had unlawful sexual intercourse with her,” she said.

The judge further held that slight penetration amount to sexual intercourse and denial by the defendant was an afterthought.

“The defendant claimed he was at work on the day the incident happened but he failed to bring an alibi to buttress his point.

“Parents and guardians should be alive to good parenting in this present day and time.

“I hereby find the defendant guilty as charged of the one-count charge of defilement and he is hereby sentenced to life imprisonment.

Click To Read: Street Urchin Sentence To Death By Hanging For Robbery

“The defendant should have his name registered in the sexual offence register as maintained by Lagos State,” Soladoye said.

The prosecution team- Mr Olusola Shoneye, Mrs Olufunke Adegoke and Ms Abimbola Abolade called two witnesses while the convict testified as the sole witness for defence.

They said the convict committed the offence on Aug. 12, 2020 on Fagbenro Street, Idi-Araba, Mushin in Lagos

The prosecution submitted that the offence contravened Section 137 of the Criminal Laws of Lagos State, 2015.


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