Skip to main content

Oye-Ekiti University Vice Chancellor, Soremekun lavishes N500m in 15 months


Embattled Vice Chancellor of the Federal University, Oye-Ekiti (FUOYE), which was recently, renamed Adeyinka Adebayo University, Professor Kayode Soremekun squandered over N500 million within 12 months, this has been revealed.

“About N10 million is spent on contingencies monthly while over N200 million was lavished on Christmas and New Year Gifts in December last year,” a source alleged.

Sources within the university disclosed that last week alone, Prof Soremekun, who until his appointment was a lecturer at the National Open University of Nigeria (NOUN), took a sum of N5.7 million from the coffers of the university.

The N5.7 million, which was allegedly withdrawn in cash and transported by a bursary staff was to furnish his already furnished residence of the Vice Chancellor.

FUOYE has of late been wallowing in problems bothering corruption and financial mismanagement since Prof Soremekun assumed office back in early 2016.

Sources revealed that over N30 million was spent on press and securing the services of security agencies to tame and intimidate angry FUOYE staff in the last four months.

“Over N20 million has been expended on armed police men whose services were secured from Lagos state and not Abuja as widely believed in different quarters.

“Just two days ago, the university Bursar, Mr. Bashiru allegedly withdrew a sum of over N10 million to pay up the mobile policemen from Lagos,” one of the sources said.

Revealing how the Vice Chancellor lived larger than life, one of the aggrieved staff of the university, who preferred anonymity, said Prof Soremekun was in the habit of boasting that he is a right-hand man of the Acting President, Yemi Osinbajo and former Governor of Ekiti State and Minister of Mines and Steel Development, Dr Kayode Fayemi.

“He will tell whoever cares to listen that he is Acting President Osinbajo and Fayemi’s ally and it was the Acting President that got him the FUOYE Vice Chancellor’s job, and as such, nothing can be done to him.

“It is his high handedness that is responsible for the incessant crises in the university because the there was no crisis before he assumed office,” the aggrieved staff said.

Comments

Post a Comment

Popular posts from this blog

BREAKING: APC Unveils 57-Member Campaign Council for Ekiti 2026 Governorship Election

The All Progressives Congress (APC) in Ekiti State has announced the composition of its Campaign Council ahead of the 2026 governorship election, appointing key political leaders and stakeholders across the state to coordinate the party’s campaign structure. According to the list released by the State Chairman, Barrister Sola Elesin, a total of 57 members have been appointed into the council. Leading the council is Senator Opeyemi Bamidele, the Senate Leader, who will serve as Chairman, while Hon. (Barr.) Sola Elesin will function as Vice Chairman. Other members of the council include: Senator Chief Yemi Adaramodu Senator Cyril Fasuyi Hon. Akinlayo Davidson Kolawole Hon. Akintunde Rotimi Hon. Adeniyi Rufus Ojuawo Hon. Abiodun Omoleye Hon. Femi Richard Bamisile Hon. Steve Fatoba Mr. Dele Alake Mrs. Atinuke Oluremi Omolayo He Biodun Aluko He Modupe Adelabu He Paul Alabi Rt. Hon. Adeoye Aribasoye Rt. Hon. Bolaji Olagbaju Senator Dayo Adeyeye Senator Biodun Olujimi Senator Bode...
1 comment
Read more

With or Without Defection, You Have Won - Fayose Tells Oyebanji in Ikere

Former Governor of Ekiti State, Ayodele Fayose, on Tuesday stirred the political atmosphere in Ikere Ekiti as he openly declared that Governor Biodun Oyebanji has already secured victory in the coming elections, with or without fresh defections into the ruling party. Fayose spoke at the defection event of Engr. Henrich Akomolafe in Ikere Ekiti, where political leaders and stakeholders gathered in a show of unity. Addressing the Governor directly, Fayose said: “Your Excellency, anybody who wants to join this party to genuinely support you is welcome. I will personally encourage them especially those who will not give you a hard time. He, however, made it clear that the Governor’s political strength does not depend on defections. “Without people decamping, the Governor has won his election. Without people decamping, the President also has won his presidential election. We are only respecting ourselves.” Fayose stressed that the overriding interest of political actors in the s...
Post a Comment
Read more

President Tinubu Affirms Oyebanji’s Second-Term Ticket in Birthday Message, Silences Speculations

December 21, 2025  President Bola Ahmed Tinubu has put to rest lingering beerpalour speculations around the Ekiti State governorship ticket as he openly affirmed that Governor Biodun Abayomi Oyebanji has secured the All Progressives Congress (APC) nomination for a second term. The affirmation came on Saturday in a birthday message issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, as Governor Oyebanji marked his 58th birthday. In the congratulatory message, President Tinubu not only celebrated Oyebanji’s personal milestone but also clearly stated that the Ekiti governor “has already secured the All Progressives Congress’ nomination to contest for a second term in office in 2026.” The presidential acknowledgment effectively douses the wave of rumours and political conjectures, making the rounds by followers of a disqualified aspirant over the APC ticket in Ekiti State. President Tinubu, in the message, reflected on Governor Oyebanji’s lo...
Post a Comment
Read more