Adedoyin, who is currently detained by Osun State Police Command, was accused of involvement in the death of Adegoke alongside a staff of the hotel, Adedeji Adesola.
The accused person said he did not connive with his workers or anyone to kill the student.
He claimed he first heard about Adegoke when the police declared him missing.
Adegoke was in Ife from October 22nd to October 24th; October 29th to October 31st; and had also planned to stay from November 5th to November 7th, 2021.
He was said to have frequented the town to take MBA examinations scheduled at intervals.
However, he was said to have been reported missing since he checked in at the hotel on Friday, November 5 preceding his examinations scheduled for Saturday, November 6 and Sunday, November 7.
Our correspondent had learnt that it was noticed that Oludare was missing when his wife could not reach him on the phone.
Meanwhile, he had earlier contacted his wife to inform her that he was staying in a hotel.
Following a police investigation, money paid by Oludare for lodging was traced to Adesola, who worked in the hotel.
A source told our correspondent that the owner of the hotel, who also owns Oduduwa University, and other workers initially denied that Oludare was at the hotel.
Meanwhile, the victim's body was discovered after some suspects, including workers at the hotel were arrested by the police.
The police announced that the student had been found dead without giving details of how, when and where he was found.
Reacting, Adedoyin said he worked hard for his wealth, urging people not to tag him as a “money ritualist or murderer.”
In a voice note shared, the hotel owner appealed to the public to await police investigation on the matter.
He said, “I, Rahmon Adedoyin is not a murderer or money ritualist. God already blessed and enriched me since I was 26 years old and up till now that I am 65 years old.
“I have never killed anyone. I am a devout Muslim. Adegoke lodged at Hilton Hotel, Room 305. The hotel officials that lodged him did not pay any money in his name into the hotel’s account.
“There was also no record that he paid into the hotel’s WEMA Bank account. I don’t know how he was given a room without making payment into the official account of the company. I don’t know why they decided to receive the payment into their personal account.
“I was only informed that something like that happened at the Hilton Hotel when police started searching for Timothy.
“When they (police) investigated and found where Timothy’s corpse was dumped, senior police officers checked his body and confirmed that no part of his body was missing, so it is clear that no one asked them to get any of his body parts.
“I appeal to everyone to be patient and allow the police to do their work and thorough investigation. I had my humble beginning from Ile-Ife. I started as a home lesson teacher, started universal college of tech, a polytechnic and then university.
“I never left Ile-Ife before God blessed me and made me rich. My wealth is pure. I am not spending blood money.”
Meanwhile, the Osun State Police Command on Thursday said no part of the deceased missed when the corpse was exhumed.
Featuring during a programme monitored on Fresh FM, in Osogbo on Thursday, the command’s spokesperson, Yemisi Opalola, also said Adedoyin was arrested after investigation revealed that the late Adegoke checked into the facility before he was declared missing.
Opalola, who also claimed the corpse of the deceased was exhumed in the presence of his family members, said the remains were later deposited at the morgue of Obafemi Awolowo University, Teaching Hospital, Ile-Ife for autopsy.
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