The vice chancellor of University of Osun State, Osogbo, Labode Popoola, has revealed that some students of the school were not able to pay their school fees because they “invested” the provided fees in popular pyramid scheme, MMM.
“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 (school fees) 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.”