A Grade ‘A’ Customary Court in Ibadan, Oyo State, arraigned a 67-year-old proprietor of Fedeco International College, Shun Oyedepo, on Wednesday.
He faces charges of embezzling funds intended for the National Examinations Council registrations.
Oyedepo, maintaining his innocence, is accused of theft and obtaining money under false pretenses.
The prosecutor, Philip Amusan, presented the case, alleging that the defendant committed the offences between September 2023 and June 2024 at his school.
Amusan claimed that Oyedepo fraudulently acquired N1.7 million, meant for the NECO registration of 13 students.
According to Amusan, the defendant took the money from Hammed Olayode and 12 others, promising to register the students, but did not follow through.
This act, he stated, violates Sections 419 and 390(9) of the Criminal Laws of Oyo State, 2000.
The Court’s President, Mrs. Sukurat Yusuf, granted Oyedepo bail set at N2 million, requiring two sureties.
One of the sureties must be a relative of Oyedepo and present evidence of tax clearance for the past two years.
The case has been adjourned until July 19 for further hearing.
