The forensic firm contracted by the management of Lagos State University (LASU) to investigate allegations of certificate racketeering in the institution has stated that the investigations have not yet been concluded. Wealth Root, the firm involved, explained that the illegal act was perpetrated through the university’s satellite campuses that were later shut down. Wealth Root clarified that the university management did not try to interfere with the investigations.
According to Wealth Root’s General Manager, Mr. Benedict Okohnma, the individuals involved in the certificate racketeering were former employees of the satellite campuses. The firm emphasized that there were misconceptions about the situation in the media and that the recent report by Sahara Reporters contained fallacies. They stated that Sahara Reporters did not seek clarifications or contact them before publishing the story, which was published while the investigations were ongoing.
Wealth Root provided the facts of the matter, stating that a concerned alumnus brought the alleged certificate racketeering to the university management’s attention in 2020. This led to the commissioning of Wealth Root to act as an undercover agent. Their investigation revealed that the racketeering was primarily happening through the satellite campuses and not the regular academic programs. Some members of the racketeering syndicate had previously worked at the university’s satellite campuses and took advantage of the university’s decision to wind up the External System.
The firm also clarified that they were given the task of not compromising standards and gathering undeniable evidence to uncover the culprits. The investigation involved cooperation with the Department of State Services (DSS) and university security guards. Wealth Root assured that they have kept the former and current university management updated, and there were no attempts to cover up or interfere in their work.
The firm stated that the investigation would soon be concluded, and the final report would be submitted to the appropriate authorities.