Lagos State University (LASU) on Thursday refunded a total of N209 million in fulfillment of the promise made by Governor Babatunde Fashola to refund part of students’ fees.
The first tranche of the money which was paid into the institution’s
account on February 20, was given to 100 and 200 level direct entry
students for 2013/2014 academic session.
Speaking at the cheque presentation ceremony, Fashola who was
represented by his Special Assistant on Education, Chief Fatai Olukoga,
said the management of the university had reported a shortfall in the
computed excess money to be refunded particularly to those in the 200
and 400 level direct entry.
According to him, “the reconciliation of figures not captured earlier
is progressing and I want to assure the affected students that the funds
will be released immediately the reconciliation exercise is over.”
He said the government was committed to ensuring the continued
infrastructural growth and development of the institution regardless of
the abysmal low fees.
“We are not unaware of comments from some critical stakeholders that we
have made a mockery of university education in the country through the
low school fees. We are also not unaware of the moves by the same
stakeholders to frustrate our efforts at ensuring the quality of LASU
programmes. Notwithstanding the frustration, we are relentlessly
committed to making LASU a world class university of our time,” he said.
The Vice-Chancellor, Prof. John Obafunwa, said the process of the
refund had to go through various ministries before it could be approved,
adding that the second tranche of the payment would be made in the next
two weeks.
“We have assured the students that the money is going to be refunded
and we have also asked them to provide their account numbers and other
necessary details while we are still pursuing the process. Some students
have already received alerts since Monday for the first tranche. Once
we receive the second tranche, everybody will be refunded,” Obafunwa
stressed.
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