Achievers University has uncovered an alleged school fees fraud amounting to over ₦457 million following an internal audit of students’ payments across three academic sessions.
The university disclosed that the fraud, which reportedly affected about 320 students, was discovered during a review of payments made in the 2023/2024, 2024/2025 and 2025/2026 academic sessions.
According to the institution’s acting Vice-Chancellor, Oyesoji Aremu, the scheme allegedly involved the manipulation of the university’s payment portal by a former staff member who worked in the bursary department.
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The suspect, said to be an alumna of the university’s Accounting Department, allegedly diverted students’ school fees into a personal bank account while clearing payments on the institution’s portal without the funds reaching the university’s accounts.
The university noted that the staff member resigned from service in April 2025.
Findings from the audit further revealed that some students allegedly paid fees into the personal account in exchange for discounted charges and unofficial commissions.
The institution also alleged that the operation involved a wider network, including 11 staff members, 34 students and another external collaborator accused of helping to recruit students into the arrangement.
University authorities said all affected students and those identified as agents in the scheme would appear before the Students’ Disciplinary Committee, while implicated staff members are expected to face a senior staff disciplinary panel.
The main suspect is currently under police investigation as the university continues its audit exercise to review additional payments linked to graduates from the affected sessions.
The management stated that further disciplinary and legal actions may follow as investigations continue.
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