The Federal University of Technology Akure (FUTA) has handed indefinite suspension to four of its students arrested by the Economic and Financial Crimes Commission (EFCC) over alleged N16 million internet fraud.

On Monday the Ibadan zonal office of the Commission arrested five suspects – four from FUTA and one from Adekunle Ajasin University, Akungba, (AAUA)

The suspects were picked up at an Off-Campus Residence located at Anuoluwapo Close, Stateline Hotel Road, off FUTA South Gate, Akure, Ondo State.

A statement issued by the Head, Information and Protocol Unit of FUTA, Adegbenro Adebanjo, said the Vice Chancellor of the university approved the sanction.

The statement said, “The four students, who have been given indefinite suspension and are to stay away from the school until further notice are – Ogundile A.O (Civil and Environmental Engineering), Fasakin  P.T (Civil and Environmental Engineering), Akinsanmi F.O (Mathematical Sciences), and Ifeobu U.O (Urban & Regional Planning).

“In a letter conveying the suspension, the university said the Vice Chancellor approved the sanction based on the extant rules which stipulate indefinite suspension for students arrested and being investigated for criminal activities.

“This is in accordance with the provisions of the University Handbook of Information 2012-2015 page 54, paragraph 5(i) which states that, whenever a student is being investigated for a criminal offence by the police or is charged with a criminal offence; whether or not connected with the university; the student shall be suspended from his studentship until he/she is cleared of the allegation/charge.”