The Lagos State University (LASU) on Thursday, February 26, 2015 fulfilled an earlier pledge it made to its students when it refunded about N209 million.
Speaking on behalf on Governor Babatunde Fashola at the cheque presentation ceremony, the Special Assistant on Education, Fatai Olukoga said the money was the first tranche of money and was paid to LASU’s account on Friday, February 20, 2015.
He said: “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.
“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.”
On his part, the Vice Chancellor of the institution, Professor John Obafunwa said the refund process would go through several ministries before it would be approved, adding that the second tranche would be paid in two weeks.
He said: “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.”