[Hawnsgist]Unversity Of Osun Laments Loss Of 2bn Invested in MMM

The Vice Chancellor (VC) of Osun State University, Professor Labode Popoola, claimed that a large per cent of the students diverted their school fees to the MMM ponzi scheme.


The school Authorities have cried out over the alleged two billion Naira debts being owed the institution by most of their undergraduates who have refused to pay their tuition fees. The school Vice Chancellor (VC), Professor Labode Popoola, while addressing reporters on Thursday claimed that a large per cent of the students diverted their school fees to the MMM scheme.
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Professor Popoola, who said that the university had allowed part payment of tuition fees in its effort to ensure that payment of fees did not become a huge burden on parents and guardians, expressed regrets that students abused the opportunity by refusing to pay their fees as and at when due.

He, therefore, disclosed that the school authority would expose the students’ debtors by publishing their names and addresses on pages of newspapers stressing that the university would enforce its full rules and regulations on defaulters.
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The VC expressed worry that parents of most defaulting students had given them their schools fees but maintained that the students had spent the monies while some diverted their fees to the MMM scheme.

MMM Nigeria ponzi scheme had frozen confirmed Mavros accounts promising to lift the measure on January 14, which is few days away.