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Fee Hike: OAU SUG Tells Banks To Withhold School Fees Payment

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The Students’ Union of the University has warned all financial institutions (banks) in Ile Ife, Osun State, to withhold any payments from Obafemi Awolowo University (OAU) until they receive a letter from the Union or risk the most intense student rebellion ever.

If the administration of the institution does not work with the leadership of the Union, the Students Union, threatened to shut down activities on the university campus and across the entire nation.

The directive was issued after the Great Ife Students’ Congress, which took place on Thursday in a communique signed by the Students Union President, Abbas Akinremi, Financial Secretary, Fasina Damilare, and Public Relations Officer, Omisore Elijah.

They argued that the recent hike in tuition fees had adversely impacted indigent students who are struggling to get educated.

The Students Union directed all financial institutions in Ile Ife and campus to suspend any payment from OAU pending the time the Union will write them and if otherwise, their branches in Ile Ife and campus will be shut down.

“That all financial institutions, remote especially ignore and suspend any payment from OAU pending the time the Union will write to them, if otherwise, their branches in Ife and OAU campus will be shut down,” the communique issued by the union read.

The union gave the Institution management a 5-day ultimatum to contact the union’s leadership, warning that there’ll be a total shutdown if the institution fails to call for a meeting at the stipulated time.

News About Nigeria recalls that the University’s administration announced the new tuition rates for both new and returning students on Tuesday, in advance of the start of the 2023 academic year.

The development came weeks after the leadership of the University of Lagos hiked its tuition fee.

However, students of the University of Lagos kicked against the development asking the institution to reduce the fee.