following the expiration of the deadline for
payment of their fees.
It was gathered that some students were
unable to pay their fees after they invested
their money in MMM, which has been
described as a Ponzi scheme.
Unless management extends the deadline, the
students may have to defer their programmes
till next session. The students are worred
following the indefinite suspension of
payment. The students appealed to the
school to give them time to pay their fees.
Some of them, who spoke with CAMPUSLIFE,
said they invested their fees in MMM,
because they needed the interest.
A victim, Abdulrahman Adeboye, an Electrical
Engineering student, said he expected the
interest to be paid 30 days after he invested
his fee, but he did not receive it before the
MMM account was frozen indefinitely.
He said: “The MMM system merged me with
people that will pay me N15,000, but they
refused to pay because many people no
longer believed in the scheme. I can’t get the
money I invested and the interest on it.”
A Mechanical Engineering student, simply
identified as Janet, fought back tears when
she heard about the fee payment deadline.
She said her parents had given her money to
pay the fee and rent for her off-campus
hostel. But, she invested the money in MMM.
“I don’t know what to tell my parents now.
My landlord is on my neck, because I have
not paid the rent. I can’t go back home to tell
my parents I have not paid my school fee.”
Also, Vivian Emeteole, a Mass Communication
student, said she was broke because she put
her money in MMM. She said she borrowed
money to pay her rent, but could not pay the
school fee.
At the time of this report, some students had
put up some of their electronics, phones and
furniture for sale to raise money for their
school fees.
Meanwhile, the Rector, Dr Abubakar Dzukogi,
has warned fresh students not to put their
money in MMM and other online money
schemes. Addressing freshers during the
matriculation held at Bagudu Waziri
Auditorium, the rector said it would be unwise
for them to put their money in unpredictable
ventures.
Dzukogi said: “It is a wrong priority for
students to invest in MMM and similar risky
ventures. Such business is not wise for any
sensible student to engage in. Some students
would buy expensive phones and clothes. All
these are wrong priorities.”
The rector urged students to develop
capacities to cope with challenges while
pursuing their goals, enjoining them to imbibe
the virtue of hard work and perseverance.
Dzukogi said the institution would start new
programmes in agriculture related discipline
to train youths in entrepreneurship and jobs
creation.
He urged the freshers to shun cultism,
examination malpractices, drug use and vices
that could lead to their expulsion.
The polytechnic matriculated 3,500 students,
with 1,500 admitted into National Diploma
(ND) programmes and 2,000 for Higher
National Diploma (HND) programmes.
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