According to the university authorities, the students have, since the inceptions of their various degree programmes, refused to balance up the payment of their tuition fees, stressing that they now owe the institution about two billion Naira.
While addressing reporters on the university campus, the school Vice Chancellor (VC), Professor Labode Popoola, claimed that a large per cent of the students diverted their school fees to the MMM scheme.
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.
Part of the regulations to serve as punishment to defaulters are that students, who are yet to pay up their school fees, would not be allowed to attend classes and write examinations unless they pay.
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.
“The University has decided to call this press conference to educate and enlighten the stakeholders in particular and the public in general about the financial position of the Osun State University.
“Osun State University, being a public institution, is financed from grants from the State government and she also heavily relies on school fees from its students and other Internally Generated Revenues. The State Government under the leadership of Mr Rauf Aregbesola, when he came on board, reduced the school fees.
“I wish to confirm that the University has not increased its school fees despite the economic recession. The University remains one of the few State owned institutions that charge modest fees. In all matters concerning our students, their interests remain our paramount consideration.
“Meanwhile, I wish to let the public know the current amount being charged since 2011: Programmes Amount per session. Freshers: Science 100,000 Naira and 110,000 Naira; Law (including Nursing Science) 125,000 Naira and 135,000 naira; Non-Science, 95,000 Naira and 105,000 Naira; Acceptance fee, 40,000 Naira; Admission Checker, 2,000 Naira; Medical Fee, 15,000 Naira, Matriculation fee, 5,000 Naira and Late registration fee is 10,000 Naira per semester.
“From the breakdown above, it can be seen that the highest school fee for staylite is 125,000 Naira in a session for law and nursing science students; whereas there are some private secondary schools in Osun State that charge about 150,000 Naira and above per term.
“It is, however, disheartening to note that the University has discovered that despite the fact that the University operates an enviable stable academic calendar, mobilises its graduating students Youth Service without delay, many of our students still owe school fees running to two billion Naira.
“If this trend continues, there is no way the University could perform its financial responsibilities.
“Henceforth, Senate at its meeting has approved the implementation of the following guidelines: (i) that all students who fail to register will no longer be allowed into lecture rooms and will not be allowed to write examination; (ii) that only students who fulfil the requirement would be allowed to write examination; (iii) that the policy of 70% attendance at lectures for students will be strictly enforced; (iv) that new students are to pay school fees in full and on time for retention of their studentship; (v) that names of defaulters will be published soon.
“All parents and guardians are hereby advised to warn their children and wards to pay their fees on time and not to divert their school fees to other areas,” Professor Popoola said.
But the students have begged the university management to give them three weeks to pay up their school fees.
The MMM ponzi scheme had frozen confirmed funds provided as help by members, promising to lift the measure on January 14, which is three days away.
It has continued to reassure members that their funds were safe and that they would Get Help once the measure was lifted.