Students who made First Class degrees in the 2020/2021 academic calendar of the Joseph Ayo Babalola University (JABU) Ikere Arakija are to receive N25,000 each, The Nation reports.

The two best graduating students of the institution, David Oreoluwa Babalola and Peter Abegunrin, who got a CGPA of 4.97 were offered automatic employment by the management of the institution.

Vice-Chancellor of the institution, Prof. Kola Sonaike, who disclosed this at a pre-convocation briefing, said the institution used to fund post-graduate studies of First Class students but had to stop due to paucity of funds.

Prof. Sonaike stated that 25 out of 511 graduands bagged the First Class honours, 202 got the Second class upper, 213 made Second class lower, 70 got Third class while one student got the pass degree.

Sonaike said the convocation lecture titled: ‘Removing the crisis of retirement in the new millennium would be delivered by Prof. Kunle Ogunbameru.

He stated that security has been beefed up around the school premises due to rising security challenges across the country.

Among the measures taken, according to Prof. Sonaik, is the installation of closed-circuit cameras in the institution.

He said it was worrisome that the Nigerian government is yet to include private universities to benefit grants and support from Tertiary Education Trust Fund (TETFUND).