Two Students’ Union Government (SUG) leaders of the Adekunle Ajasin University, Akungba-Akoko (AAUA), Ondo State are being investigated for misappropriation of the union funds. Students’ Representative Council (SRC), the union’s legislative arm, ordered the probe of Financial Secretary, Segun Bello, and Treasurer, Olayinka Ojo over misuse of funds.
A five- men panel headed by Kayode Fagoroye was constituted by the SRC to investigate the affected union leaders. The legislative arm ordered Segun and Olayinka to step down for three working days to allow the SRC investigate the allegations against them. The panel is required to submit its findings to the House today.
It was gathered that all the union’s property and documents in the custody of the embattled leaders had been retrieved. When Segun appeared before the SRC panel, he said he was deceived to change the union’s account mandate from three signatories to two.
He said: “I gave in to the idea of changing the union’s account mandate from three signatories to two because I was told the Treasurer was going for Students Industrial Work Experience Scheme (SIWES) in Ekiti. This was to save us from the stress of getting the signature of the third signatory. The SUG president was in the know.
“I was never aware there was another plan. Olayinka is currently undertaking her SIWES in
Akungba. On several occasions, I have called her on the need to reverse the mandate back to three, since she is now taking the SIWES in Akungba; she turned me down. Since then, I have been in the dark over the union’s finance. I am only aware of two cash withdrawal, and those were the ones I signed.”

In her defense, Olayinka accused Segun of lying against her, denying any wrongdoing in the transactions carried out in the union’s account.
When asked about the money left the union’s account, she gave conflicting figures. The union’s president, Adegbola Odunyemi and General Secretary, Segun Odunayo were summoned to appear before the House.

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