Panic As IAUE VC Demands Probe Of N1.7 Billion Allegedly Wasted By His Predecessor

Panic As IAUE VC Demands Probe Of N1.7 Billion Allegedly Wasted By His Predecessor
Prof. Kinane: The money I got was judiciously utilized
Paul Obiajunwo, Port Harcourt
The Vice Chancellor of Ignatius Ajuru University of Education (IAUE) Port Harcourt, Prof. Ozo-Mekuri Ndimele has said his predecessor Prof. Joseph Kinane who spent one in office as the Acting Vice Chancellor of the University should account for more than N1.7billion he got.
 Ndimele said what he saw at the University coffer when he took over was N4million, against 1.7billion which the former Vice Chancellor Prof Prof. Rosemond Green- Osahogulu claimed she handed over to Prof. Kinane.
The chairman of Academic Staff Union of University (ASUU) IAUE chapter, Rivers State,  Dr. Ugochukwu Agi   in August 2015 petitioned the former Vice Chancellor, Prof. Osahogulu   over alleged financial recklessness which later led to her sack.
Prof. Osahogulu who has retuned back to the University three weeks ago base on the order of the Rivers State governor Chief Nyesom Wike insisted that she left N1.375billion in the University coffer which she noted was stated in her handover note.
But the four months old Vice Chancellor, Prof. Ndimele said the Acting Vice Chancellor, Prof Kinane has nothing to show with the N1.375billion the former VC claimed she handed over to him.
He said it amazed  him that, Prof Kinane who only reign for one year could exhibit such financial recklessness, adding that he has gone around the school, but could not see any ongoing or completed project embark by him.
 He noted that the council has started investigating how N1.375 billion including all the money he generated internally in one year as the Acting Vice Chancellor went to.
Prof. Ndimele said:  “On the 20th of November I was formally inaugurated as the Vice Chancellor of the University. The handover note they gave me was shocking because before I was handed over I took time to research and investigate to know how much the school has.
“And I was told that the woman, Prof. Osahogulu, the former Vice Chancellor left N1.7billion, but what I saw was 300million. When they told me that  she left N1.7billion, there was high hope and I’m still thinking where Prof Kinane spend such amount of money.
“I have gone round the school I did not see any project executed by him that could amount to 1.7billion including IGR he generated while in office for over one year. So, if you put the 1.7billion plus IGR it is about N2billion plus so I have high hopes that when I come here I will meet some little money at least I will meet N1.3 or N1. 4billion.
Prof. Ndimele who has vowed to investigate how N1.7billion was squandered said with such amount of money he will turn the school into paradise considering that it is smaller than University of Port Harcourt (UNIPORT).
He said two-third of the money he met was meant for salaries, Unions check off dues and other staff who were suspended and their monies withheld.   
He also confirmed that Independent Corrupt Practices Commission and other Related Offence
(ICPC) has demanded for the financial records and expenditures of the university.
The Vice Chancellor said his challenge presently is fund, stressing that with the little money he met in the University coffer he was able to do meaningful projects within four months in office.
“I took over on the 20th of December and on 21th the council said we should shutdown the university for lack of fund. Diesel   alone takes about N7million and if we don’t have PHED at all then we are spending about N10million.
 “ I was shocked to see a handover note of N290million in the University coffer where more than two- third of the money are workers salaries and check off bills of the unions. At the end the Bursar said the only money they have to run the school is about N4million.
“Before I assume  office they were cutting the school grass with N6million, today I spend less than N1million to cut grass.  If I remove all the unions’ money which is huge, what was left for me to run the university l is just N4million.”
Responding over the allegation, Prof. Joseph Kinane, the former Acting Vice Chancellor of the University said all the money handed over to him were judiciously spent.
Kinane who said he would not want to join issues with the Vice Chancellor noted that his lawyer had been brief to proceed on the matter, adding that under him as the Acting Vice Chancellor the University got NUC accreditation of all most all the courses offering in the school.

“I don’t want to stand here to join issues with anybody, as I’m talking to you now my lawyer is aware of the matter and we are in court. The money I got were used to clear some outstanding, ensure accreditation of over 23 courses and pay for ongoing project I inherited.”