Yabatech Rector in multi-million Naira fraud

Officials at the nation's premier tertiary institution, who would only speak on anonymity, speak figuratively of the school's academic excellence and financial probity now residing in the gutters; as Mrs. Ladipo spearheads a regime of desperate financial malfeasance driven by a criminal make-hay-while-the-sun-shines mentality. Weeks of investigation gives weight to that claim.

A detailed petition sent to the ICPC and the EFCC contains a long list of alleged financial recklessness, utter disregard of extant Civil Service rules, cover-up, nepotism, contract splitting, as well as lobbying to truncate the conversion of the college into a full-fledged university

The Rector allegedly collects millions for frivolous trips she never makes, records show.

In one year, according to documents and interviews with officials, Mrs. Oladipo spent N15 million in accumulated costs including hotel bills on such controversial guests.

The spending fall amongst a raft of documented financial abuses against the Rector, which have triggered multiple investigations, one by a government panel, and two others by the Economic and Financial Crimes Commission, EFCC, and the Independent Corrupt Practices and other related offences commission, ICPC.


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