The Vice
Chancellor of Osun State University, Prof. Labode Popoola, said on Saturday
that the institution would collect the over N2bn debt students owe it whether
they are able to recoup their money invested in the Mavrodi Mondial
Moneybox or not.
Popoola
said, “Some of them (students) used their school fees to invest in MMM. But
whether MMM comes back or not, it is their headache. I have told them that we
are not going to open the portal. If I see that a critical mass of the students
pay, then we will decide to open the portal just for about 48 hours. But they
must pay first.
“This is
how we accumulated a debt profile of over N2bn, we cannot continue this way.
They just have to pay the money.”
But MMM
‘investors’ have not been able to get their money back as of the time of filing
this report.
In a chat
with an MMM representative, one Juliana ‘Consultant’, told one of Punch's
correspondents that payment had not begun on Saturday but that the scheme would
“pay soon.”
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