The Vice Chancellor of Osun State University (UNIOSUN), Professor Labode Popoola, has cried out of the debt of N2 billion school fees being owed by students of the institution alleging that the students have invested their school fees in MMM.
The VC has however reemphasized that the school fees owed will be collected whether the students are able to recoup their money invested in the popular ponzi scheme Mavrodi Mondial Moneybox (MMM) or not.
Professor Popoola said, “Some of them (students) used their school fees to invest in MMM. But whether MMM comes back or not, it is their headache. I have told them that we are not going to open the portal. If I see that a critical mass of the students pay, then we will decide to open the portal just for about 48 hours. But they must pay first.
“This is how we accumulated a debt profile of over N2bn, we cannot continue this way. They just have to pay the money.”
It will be recalled that the VC had earlier threatened that the school will publish the names of students owing school fees which has amount to N2 billion, inside national newspaper.
