Prof. Labode Popoola, The Vice Chancellor of Osun
State University, has 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.
According to The Punch, 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 our correspondents that
payment had not begun on Saturday but that the
scheme would “pay soon.”
“Some accounts are frozen and ‘GH’ have
commenced,” she said.
