The National Association of Ondo State Students (NAOSS) has accused its President, Hammed Oyelade, of allegedly embezzling N11 million from the association’s funds.
In a statement released on Tuesday, the association claimed that the funds, comprising membership dues and other contributions, were misappropriated by top officials, including Oyelade and the Senate President, along with other executive members.
According to a joint statement signed by Adetoba O. Akinte, the Chairman, and Oluwarotimi Oluwatosin, the Secretary, the President allegedly received over N2 million from the funds, while the Senate President reportedly took over N1 million. Additionally, other executives were said to have received up to N500,000 each.
The student body demanded an immediate release of the association’s statement of accounts within 48 hours, warning that failure to comply would result in swift actions, including the impeachment of both the President and Senate President, as well as the suspension of the Treasurer and Financial Secretary.
The statement read, “We write in our capacity as the elected representatives and senators of the National Association of Ondo State Students (National Body). We are concerned about the alleged corruption currently affecting this association under the Hammed Oyelade-led administration.”
According to the statement, “On November 12, 2024, we were informed of a conspiracy between the Senate President and National President involving the alleged distribution of N11 million from the association’s funds. The President reportedly received over N2 million, the Senate President over N1 million, with other executives taking up to N500,000 each.”
The statement further demanded transparency: “If these allegations are false, the association’s statement of accounts should be provided to the Senate body within 48 hours to clarify the matter.”
The NAOSS leadership warned that if the deadline was not met, they would proceed with impeachment proceedings and seek the immediate suspension of the Treasurer and Financial Secretary. The group also stated that they would formally report the allegations to government officials and call for the Nigeria Police Force to investigate and arrest Oyelade if necessary.
“This letter takes effect from today, and copies will be submitted to all relevant government officials and stakeholders,” the statement concluded.
The association’s call for transparency underscores the growing demands for accountability within student organizations, as well as the serious implications for those accused of misappropriating funds meant for students’ welfare and development.
