Wealthroot, a forensic firm engaged by the Lagos State University (LASU) in 2020, has addressed misconceptions circulating in social and traditional media regarding alleged certificate racketeering within the institution.
Wealth Root’s General Manager, Mr. Benedict Okohnma, assures the public of a comprehensive inquiry, revealing intriguing details about the illicit activities linked to the now-defunct satellite campuses.
Acting under the past management led by Vice Chancellor Prof. Olanrewaju Fagbohun, the firm revealed it was commissioned following an alumnus’ concern in 2020.
The investigation aimed to uncover a syndicate manipulating the university server and inputting records of non-graduates.
Wealthroot clarified its role involved undercover operations, closely observing the syndicate’s recruitment processes and collaborating with security agents for apprehension.
The firm disclosed that the certificate racketeering primarily occurred through the University External System (Satellite campuses), not the regular full-time academic programs as portrayed in the media.
Furthermore, the investigation exposed that some syndicate members were former employees of the university’s External System, taking advantage of its closure to clear the backlog of yet-to-graduate part-time students.
Additionally, it clarified that neither the current Vice Chancellor, Prof. Ibiyemi Olatunji-Bello, nor anyone else attempted to conceal or interfere with the investigation.
Wealthroot emphasized its commitment to maintaining standards and assured the public that the conclusive report, including recommendations and preventive measures, would soon be submitted to the university.