₦airaland Forum

Fellow Nairalanders, I can't seem to fathom out the essence of acceptance fees meant to be paid by newly admitted students.

WHAT IS THE SIGNIFICANCE??

HOW IS THE MONEY UTILIZED??

WHOSE ACCOUNT IS THE MONEY BEING REMITTED TO?? FEDERATION ACCOUNT OR OTHERWISE??

everybody knows its a fraud

Your showing gratitude of acceptance....... Thanking them and appreciating them accepting you, regardless of all your flaws, and also paying more fees for the privilege.....

To creates more revenue into the purse of federal government and to let the students takes the admission serious, as a student, once you've realised the stress and money you spent before the Main school fee,then it won't be easy for you to discontinue when you are about to pay the school fees,lastly, And to appreciate the acceptance

It'sjust another way to generate revenue after jamb

to extort money

The funniest part of it is that the said fee in Non-refundable

I wonder ooo

To book or hold down your slot (space) in the school provisional admission.

It is like the commitment fee.

I've always asked myself and people that same question.... The worst part is, you'll apply for a course, the university will give you something totally different and you'd still pay to accept it.

My problem with it that the money is unreasonably much.
It's ok for students to accept the offer so as to help the university plan but paying those ridiculous amount is jus fraud.

>:

iListen
Where art thou?
I've missed you o

It's more or less like development levil....

scam

Money

I was thinking of the same thing today. I'm ready to learn this too.

ONE CHANCE CORNTREE

Go n ask your VC

Oregbe17:
Fellow Nairalanders, I can't seem to fathom out the essence of acceptance fees meant to be paid by newly admitted students.

WHAT IS THE SIGNIFICANCE??

HOW IS THE MONEY UTILIZED??

WHOSE ACCOUNT IS THE MONEY BEING REMITTED TO?? FEDERATION ACCOUNT OR OTHERWISE??

Whatever you feel, kindly write a memo to Buhari now that he is still in power to clarify you on it.. He should know better as chief integrity officer

I THOUGHT IT'S THE INSTITUTION'S IGR?

Gyrus:
Just a way of generating revenue. Most of the money still goes to FG coffers

The cold truth is that our universities are loss making institutions.

In November 2017, the VC of ABU in a speech stated that his overhead costs are 600million per annum.He gets 100million from government. Where is he going to find the remaining 500million? Charge extra fees.

What even makes things bad is that the money is not enough. Throw in corruption...and you get the point.

The harsh truth is that if you want good universites...if you want universities that look like the nice ones abroad...you pay high school fees.

Because it is becoming difficult to fund education in this country.Ideally, in my opinion (my opinion...mindyou) we should be spending 5 trillion naira yearly on education...primary,secondary and tertiary. Instad we spend N800bn out of a budget of N8-9 trillion, with an oil price that has been falling since 2014. So either fees go up, or we take fat loans...or we just accept poorly equipped universities...while Afe BABALOLA,Covenant and Babcock...where fees are over N1million per annum for some courses...take over.....and the graduates get the better jobs.

Its a way of thanking the school and showing them that you appreciate the admission they gave to you.

Helps in facilitating the supply of new Benz(s) for your school management.

Its simple. Ita used to accept the students

...wish one can get a reasonable answer to this reasonable question.

Oregbe17:
Fellow Nairalanders, I can't seem to fathom out the essence of acceptance fees meant to be paid by newly admitted students.

WHAT IS THE SIGNIFICANCE??

HOW IS THE MONEY UTILIZED??

WHOSE ACCOUNT IS THE MONEY BEING REMITTED TO?? FEDERATION ACCOUNT OR OTHERWISE??

Don't be funny .. it is simply a money making scheme; it is fraud.