The Chief Magistrate court sitting at Ile-Ife has granted the former President of the Obafemi Awolowo University Students’ Union, Oyekan Ibukun a bail and adjourned the case to April 26 for further hearing.
The court sitting today April 13, 2022, listened to both the prosecuting and defence counsel and thereafter gave his judgement.
The defence counsel pleaded not guilty to the 3-count charges of stealing the sum of #720,000 (Seven-Hundred and Twenty Thousand naira) from the union account.
In his ruling, Ayeni A. A pronounced that the case be adjourned to further hearing till April 26 and the defendant be granted bail on condition.
The bail conditions are that he should provide two sureties on a bound of five hundred thousand naira. The sureties who must be a resident of Ile-Ife must not be Civil Servants and must present two passport photographs.
Recall that the Former SU President was accused of wiring a sum of #720, 000 (Seven hundred and Twenty thousand naira) out of the students’ union account last week in an article released by Eagles Post.
The United Bank of Africa Bank of OAU branch where the money was stolen released an investigative report on Monday where they confirmed that he used his account to transfer the alleged sum out of the union account and transferred it to one Saheed Oyeku account.
However, he pleaded not guilty in court today and both the prosecuting and the defence counsel agreed to adjourn the case to the 26th day of this month.