Tag Archives: School Fees

CBN Mandates Banks On PTAs, School Fees.

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The Central Bank of Nigeria (CBN) has mandated all commercial banks in the country to immediately open a teller point for retail foreign exchange (FX) transactions in all locations.

The directive was contained in a memo issued to the banks by the CBN Director of Financial Markets Department, Dr. Alvan Ikoku.

The directive, according to the apex bank was to further increase FX availability to all end-users and ensure that a fair and verifiable exchange rate operates in the market.

The commercial banks were also mandated to have an electronic display board in all their branches showing rates of all trading currencies, while customers must insist on processing FX transactions based on the displayed rates.

The CBN noted further that henceforth, banks must process and meet the demand for travel allowances (PTA/BTA) by end-users within 24 hours of such application, as long as the end-users meet basic requirements already outlined in earlier directives.

For school fees and medical bills, the banks have 48 hours to meet customers’ demands.

The apex bank said non-compliance by any bank would attract sanctions, which may include but not limited to being barred from all future CBN foreign exchange interventions.

 

Source: Channels TV

4,000 Osun varsity students risk expulsion over non-payment of fees.

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About 4,000 students of Osun State University may be expelled for failing to pay their school fees before the February 28, 2017 deadline set by the authorities of the institution.

The affected students may also miss the first semester examination scheduled to begin on March 6.

The management of the university disclosed this in a statement by the Corporate Affairs Unit yesterday.

The institution’s management set a deadline for payment of school fees when it discovered that many students had not done this, adding that the development has affected the smooth running of the system.

The Guardian learnt that many of the affected students owe the university school fees between two and more semesters. Some of them were alleged to have collected the money from their parents and “invested” it in the failed MMM Ponzi scheme or diverted same to other purposes.

The statement claimed that some concerned parents and guardians of the defaulting students have been making calls to the university’s phone numbers to report that they had given the money to their children.

The university, however, advised students who cannot meet up with the deadline and do not want their admissions terminated to apply to the school authorities to grant them leave of absence for the current semester with a sworn affidavit, pledging to pay before resumption.

The new Vice Chancellor, Prof. Labode Popoola raised the alarm over the issue recently. He said the institution was being owed a backlog of school fees of about N2 billion by students

In a bid to save the institution from financial crisis, the management warned all returning students upon resumption of 2016/2017 academic session that it would no longer tolerate non-adherence to the deadline for payment of fees and course registration as contained in the university calendar and students handbook.

 

Source: The Guardian

Chaos in FUTO as students destroy facilities over school fees hike [Videos]

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Emerging reports suggests that all is not well at the Federal University of Technology in Owerri (FUTO).

According to reports, students are protesting in a very violent fashion, against an increase in school fees.

Below are videos that affirm the protest.

Proper investigation into the cause of the riot, have shown that the school fees schedule for 2015/2016 academic session and that of 2016/2017 academic session.

FUTO School fees schedule for 2015/2016 Academic Session:

FUTO Year one (100L) School fees

Geology = (School fees) N50,800 + N40,000 (Acceptance Fees)

Total= N90,800

Other Departments = (School fees) N48,300+ N40,000 (Acceptance fees)

Total= N88,300

FUTO Year two & three (200l-300l) School fees

Geology = #35,800

Other Departments = #33,300

FUTO Year IV & V(400l-500l) School fees

Geology = #30,800

Other Departments = #28,300

FUTO School fees schedule for 2016/2017 Academic Session:

We got information that Fresh (100 Level) Students still pay an additional acceptance fee of NGN 42,500 making a total of NGN 124,000.

Students still have to pay huge amounts for accommodation and course registration. A student claimed that fresh students pay more than NGN 20,000 for various course registration apart from school fees and acceptance fees.

There was heavy police presence on campus to ensure that the students do not vandalize the school property or create any havoc during the protest.

The students decided they will go on a protest when the school management gave them an ultimatum to pay up today or pay a fine of additional NGN 10,000.

Naij.com recently reported that there was commotion at the Federal university of technology, Minna, Niger state after some students of the institution reportedly set ablaze the clinic on Bossom campus.

The students were said to have gone berserk after a 300l Chemistry Option student, Yeye, died due to lack of the health centre.

Yeye was said to have collapsed on field during training, around 5:08pm, and was rushed to the school clinic for treatment, but the members of staff at the clinic refused to do anything on him until his school ID card be provided.

South Sudan to abolish school fees – Education Minister

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South Sudan will abolish fees in all public schools, the government announced on Monday, sparking concern that the move could worsen the problems of the war-torn country’s already crippled education system.

“South Sudan is working hard to build an inclusive education system in the face of huge unmet needs, and this is why we want free education for all children,” Education Minister, Deng Deng Hoc, said.

Devastated by decades of civil war before achieving independence from Sudan in 2011, South Sudan has a literacy rate of only 27 per cent.

A military conflict between the government and rebels that has been ongoing since December 2013 has destroyed more than 800 schools, according to the UN.

With more than half of elementary and high school age children not able to get an education, South Sudan has one of the highest proportions of children out of school in the world.

Hoc said the UN and other development partners were supporting schools with educational materials.

South Sudan is also trying to revive its oil production, which had dropped because of the military conflict.

It was not clear how the government would finance the free education.

South Sudan’s school fees are currently only about five dollars per child annually, but education analyst Abraham Kuol Chol said fees helped to finance teachers’ salaries.

Abolishing them could prompt many teachers to abandon the profession.

“Most of the teachers in the countryside … depend on … school fees,” he said.

 

Source: NAN

Ogun university students to protest school fees hike

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A coalition of students’ organisations under the Save TASUED and Fund Education Coalition (STAFEC) has fixed February 6 to stage a mass protest in Abeokuta, Ogun State, against what they described as the continued neglect of education, and particularly tertiary education subsector in the state.

The organisations comprise Tai Solarin Students’ Union, National Universities Education Students’ Association (NUESA), Alliance of Nigerian Students against Neoliberal Attacks (ANSA), among others.

In a statement issued at the weekend jointly signed by Sanni Ramon, Ewetola AbdulRamon, Sanyaolu Juwon, and Tomi Aina on behalf of Tai Solarin Students’ Union, NUESA, ANSA and Students’ and Youth Activists Support Initiative respectively; the students condemned the fee hike at the Tai Solarin University of Education, and other higher institutions across the state.

The statement reads in part; “The Save TASUED and Fund Education Coalition (STAFEC) wishes to seize this medium to inform the mass of the Nigerian populace its resolve to stage a mass action against the anti-student/anti-poor policies of the Governor Ibikunle Amosun-led Government of Ogun State on the 6th of February 2017.

“The mass action is aimed at showing our displeasure towards the premeditated neglect of public education especially TASUED. We take exception to the illegal and arbitrary tax of N10, 000 imposed on students and we reject in totality, the increment in acceptance fee from N30,000 to N40,000.

“The coalition maintains an outright rejection of the introduction of N25,000 registration fee; we consider it as fraudulent, thoughtless and unacceptable especially at the time the same students and their unpaid parents barely manage to pay the exorbitant N76, 500 school fees, astronomical acceptance fee and many other ridiculous charges.”

The students’ decision to protest came few weeks after a feisty exchange between Governor Abiola Ajimobi of Oyo State and students of the Ladoke Akintola University of Technology who were protesting the closure of their school for eight months.

The university has since resume although the striking lecturers have refused to resume work until their demands are met.

In their statement, the student leaders of both Tai Solarin University and Olabisi Onabanjo University, OOU, Ago-Iwoye, said they had not received subvention from the state government for more than 20 months, adding that salaries of workers are not paid in full, leading to poor commitment of staff to work.

“The astronomical school fees of TASUED, the increase in the charges of vocational studies (subsequently and fraudulently disguised as registration fee) from N1000 to N25, 000, the imposition of N20,000 as penalty for late submission of clearance file and the despotic increment of acceptance fee from N30, 000 to N40, 000; are few of the many anti-poor/student policies incited by government unacceptable neglect of the institution,” the statement added.

 

Source: Premium Times

Don’t criticize the high school fees at my university, God approved it. – Bishop Oyedepo

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Bishop David Oyedepo, the head pastor of Living Faith Church aka Winners’ Chapel, has berated critics of his church-owned Covenant University, Ota, Ogun State.

 

According to these critics, the tuition fees of the missionary high institution are roof-high, making  education way out of poor people’s reach.

 

However, Oyedepo speaking during a podcast shared to members during the weekend was quoted saying:

 

“The school fees has God’s approval and is in accordance with the quality of facilities provided by the university in meeting the educational needs of the nation.”

 

The well-respected pastor also acknowledged that one of the school fees critics was infected with a chronic disease and it took his (Oyedepo’s) intervention “before he was restored to dignity.”

Recession: Masari warns against school fees hike

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Governor Aminu Bello Masari of Katsina State has warned proprietors of private schools in the country against using the current economic recession as an excuse to deny children of the less privileged, admission through hike in fees.

He gave the warning when he received the President of National Association of Proprietors of Private Schools (NAPPS) North West Zone, Hajiya Maryam Magaji, in Katsina.

The governor, who urged members of the association to be innovative and prudent in the management of their institutions to ensure affordable school fees, revealed that less than 20 percent of private schools in the state would have been closed down if the government applied strictly, the rules and regulations guiding them.

He, however, cautioned that the present administration would not allow some substandard schools, he described as “Room and Parlour School” to continue to operate in the state.

He also warned the private schools’ proprietors against cheating during examination in their institutions to bring to an end, the disturbing growth of “Wonder or Miracle Centres” across the country.

The governor stressed that examination malpractices had destroyed the image of the nation’s education sector and the future of many schools and the children of the elite who were the major culprits. Earlier, Hajiya Maryam Magagi, said the association was determined to build a closer cooperation between government and its members to fulfill their obligations.

She lauded the commitment of the Masari administration to all sectors of the economy and the giant strides it had recorded in the education sector.