A 67-year-old man, Segun Oyedepo, Owner of Sedeco International College, Ibadan, was on Wednesday docked in a Grade ‘A’ Customary Court in Ibadan for allegedly embezzling money meant for the National Examinations Council (NECO) for students.
Oyedepo is charged with theft and obtaining money under false pretence.
He pleaded not guilty.
The prosecutor, Mr Philip Amusan, told the court that the defendant allegedly committed the offence between September 2023 and June 2024, at the aforementioned school.
Amusan alleged that the defendant fraudulently obtained N1.7 million which was meant for about 13 students’ NECO registration.
He alleged that the defendant obtained the money from one Hammed Olayode and 12 others to register the students but failed to do so.
Amusan said the offence contravens the provisions of Sections 419 and 390(9) of the Criminal Laws of Oyo State, 2000.
The Court’s President, Mrs Sukurat Yusuf, admitted the defendant to bail in the sum of N2 million with two sureties in like sum.
Yusuf held that one of the sureties must be a relation of the defendant and have evidence of two years tax clearance.
She adjourned the case until July 19 for hearing.