Former Acting Vice Chancellor of Obafemi Awolowo University (OAU) Prof. Anthony Elujoba and the bursar of the university, Mrs. Aderonke Akeredolu, have been grantedbail by an Osun State High Court.
The duo are being prosecuted by the Economic and Financial Crimes Commission on seven counts of stealing among other charges.
Justice David Oladimeji granted bail to the two accused persons in the ruling he delivered on Friday.
Elujoba was granted bail on self-recognition while the bursar was granted bail in the sum of N50 million and two sureties.
The judge shifted his sitting from the High Court in Ede to Osogbo and security was tightened at the High Court premises in Osogbo on Friday.
On Tuesday, scores of OAU workers and students laid siege to the Ede High Court on Tuesday and forced the judge to reverse his earlier order that Elujoba and the bursar be remanded at Ilesa Prison.
In the reversal, he ordered former acting VC be taken back to the EFCC custody from where he was brought to court on Tuesday.
Elujoba acted as vice chancellor for less than one year and in a bid to resolve the industrial action in the institution, he paid workers allowances of over N1 billion
But he is now being accused by the EFCC of misappropriating the funds.