Achievers University has uncovered an alleged tuition fraud worth N457.5 million involving a former female staff member, several students and some staff of the institution.
The university said the fraud was discovered following a Students’ Fees Payment Audit Exercise conducted across the 2023/2024, 2024/2025 and 2025/2026 academic sessions.
In a statement issued on Monday, Acting Vice-Chancellor, Oyesoji Aremu, disclosed that investigations revealed that 320 students paid their school fees into the personal account of a former bursary staff member instead of the university’s official account.
According to the institution, the former employee — an alumnus of the university’s Department of Accounting who resigned in April 2025 — allegedly hacked into the institution’s payment portal and fraudulently cleared students after receiving payments directly into her account.
The university alleged that students were enticed with promises of discounted school fees and commission payments.
“The fraudulent activities affected three academic sessions and 320 students paid a total sum of N457,508,645 into the personal account of the said lady, who in turn fraudulently cleared such students on the portal without the university receiving the money,” the statement read.
The institution further disclosed that 11 staff members, 34 students and one external collaborator working at Federal Medical Centre Owo were implicated as agents who allegedly recruited students into the scheme.
According to the university, all indicted students and staff members will face disciplinary panels, while the former employee is currently under police investigation and may face prosecution.
Prof. Aremu added that the audit exercise is ongoing as the institution intensifies efforts to promote transparency and prevent future financial misconduct within the university system.
