Management of the University of Osun, UNIOSUN, has threatened to expel over 4,000 students for allegedly using their school fees to “invest” in popular Ponzi scheme, Mavrodi Mondial Moneybox, MMM and other purpose.
A statement issued by the acting registrar of the institution, Gafar Shitu disclosed that the affected students are owing fees amounting to over N2bn.
According to the statement, “Over 4000 students of Osun State University may lose their studentship for failing to pay their school fees before the expiration of February 28, 2017, deadline set by the university management.
“No fewer than 400 parents/guardians of the defaulting students have called the University help lines to report that they had long given money to their children/wards.
“The university Senate at its meeting of January 26, 2017, after observing that a large number of students had refused to turn up in spite of ceaseless appeals, decided that the students’ portal be reopened longer into the 12th week of resumption against the four weeks stipulated in the University regulations.
“The choice of the University Senate, which was satisfactorily conveyed to every one of the understudies on February 2, 2017, was to bear the cost of more understudies the chance to pay their expenses with impact from seventeenth to 24th February 2017, a date which was later reached out until February 28, 2017.
“On 16 February 2017, a few understudies left on a dissent against the requirement of surviving principles and directions with respect to charge installment and enlistment.
“Examinations demonstrate that more than 90 percent of the nonconformists had not enlisted for in the vicinity of two and 11 semesters, and were in this way utilizing the stipulated late enrollment punishment of N10, 000 as a smokescreen for their times of defaulting in expense installment and enlistment.”