The acting rector of the Abia State Polytechnic, Ezionye Eboh has revealed the school has recovered N43 million following a widespread school fees scam.

Eboh spoke to journalists in Aba, revealing that over 700 students were involved in the scam, where they paid lesser fees to unauthorized sources to obtain stamped receipts.

Mr. Eboh also said that the Police had arrested a woman who operates a business centre near the polytechnic for allegedly issuing students with fake receipts.

He said that the woman worked for a lecturer and that she was collecting N10,000 and issuing fake stamped receipts to the students, thereby aiding them to evade payment of N50,000 school fees.

ALSO: 8 New Private Universities Approved By Federal Government

According to the rector, management discovered the forgery when it made it mandatory for students to show their school fee receipts before writing examinations.

He said that the lecturer had been suspended and that the students involved in the act were being investigated.

Meanwhile, the Abia Police Public Relations Officer, Geoffrey Ogbonna, confirmed to the News Agency of Nigeria on Thursday that the name of the woman connected with the fake receipts was Caroline Augustine.

He said Ms. Augustine had been charged to court and also identified the owner of the business centre as Alwell Nwachukwu-Njoku.