The Federal Government has suspended Vice Chancellors of Federal University of Agriculture, Abeokuta (FUNAAB) and Federal University of Technology, Akure (FUTA) over alleged N956 million fraud.
FUNAAB vice chancellor, Prof. Olusola Oyewole, is currently facing a criminal charge in court.

The May 5, 2017 suspension letters was signed by the acting Permanent Secretary in the Ministry of Education, Hussaini Adamu, on behalf of the Minister of Education, Mallam Adamu Adamu.

The letter directed Oyewole to hand over the affairs of the institution to the most senior staff.
The EFCC charged Oyewole, alongside former Pro Chancellor of the school, Adeseye Ogunewe, the Bursar, Moses Ilesanmi to court for alleged abuse of office and misappropriation of funds.

They were investigated after whistleblowers tipped off the anti-graft agency and accused the trio of suspicious dealings totalling N800 million.
The case is before Justice O. Majekodunmi of the state High Court.
In November 2016, EFCC arraigned Oyewole, Ogunlewe and Ilesanmi on an 18-count charge of financial misappropriation.

Members of Senior Staff Association of Nigerian Universities (SSANU) in the institution had earlier shut down the school in protest, and called on the federal government to probe activities of the institution under Oyewole’s leadership.

They, however, pleaded not guilty to all the charges.