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The students were suspended after they were arrested by the Economic and Financial Crimes Commission (EFCC). The EFCC also arrested another student from Adekunle Ajasin University, Akungba (AAUA).
A statement by the the Head, Information and Protocol Unit of FUTA, Mr. Adegbenro Adebanjo, which confirmed the incident, said that the university’s vice chancellor 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 & Environmental Engineering; Fasakin P. T, Civil & Environmental Engineering; Akinsanmi F.O, Mathematical Sciences; and Ifeobu U. O. of the Department of Urban & Regional Planning.
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“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 allegation of criminal activities," the statement added.
On Monday, July 25 the EFCC explained how it intercepted the syndicate at an off- campus residence in Ondo state.
It said: “The commission got wind of their activities through series of intelligence. Paul and his co-travellers, who go about with the name Tsunami Gang and Young Pablo Money, allegedly swindled unsuspecting foreigners and others to the tune of N16 million recently.
“The suspected fraudsters engaged in fraudulent activities of obtaining money by false pretences through scam mails.
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“Paul is a penultimate final year’s student of Building Technology, James and Olusola are both 400 level students of Agricultural Resources and Mathematics respectively.
“Okali is a 200-Level student of Urban and Regional Planning and Adebiyi Tayo is a 300-Level student of Mathematics of the Adekunle Ajasin University, Akungba, Ondo State.
“At the point of arrest, EFCC operatives recovered a 2006 black Toyota Highlander with registration number (Lagos) LND 112 EG, 2010 light- green Toyota Camry (Muscle) with registration number (Lagos) AAA 850 EF, laptops, three Apple iphone6 and three Blackberry phones from them.
“Some implicating documents were also found and downloaded from their laptops. They are to be arraigned in court as soon as investigation is completed.”
