News
Why We Charge N42m Fees For Primary School Pupils — Charterhouse Lagos
The management of the Charterhouse, a newly established school in Lekki, Lagos has revealed why the school charged N42m as fee per annum.
This is coming on the heels of backlashes from the public who criticised the N42m school fees per annum for each primary school student and N2 million as a non-refundable registration fee.
They described the fee as outrageous and a waste of scarce resources for any parent to pay such a huge amount of money to sponsor just a primary school pupil in the current state of Nigeria’s economy.
A netizen on X who lamented the high fees, @Sire_sammie wrote, “I have always told parents that the quality of education your child is getting is directly proportional to the salary of the lowest-paid teacher in that school. If you are paying N42m/annum and the salary of the lowest paid teacher is N50k/month, that is the quality of education your child will get.”
Make Me A Pope, I Will Impregnate All Women In Church – Prophet Who Married Three Wives | Punch0:00 / 1:01
Another user, @SegunAK01, added, “How many people would come to earn naira from the best universities? I would rather keep that money and send my child to quality tertiary school with my savings and establish him later.”
@Ibidunnn, said, “This is a disgrace to the government and Nigeria. So the UK has to build a standard school that you can’t build for yourself and they will be teaching kids Queens English, nothing local, while other African countries are flushing out colonial mentality, una dey embrace am full time.”
Justifying the fee, the director of Communications, Admissions and Marketing of the school, Damilola Olatunbosun told the Nigerian Tribune that Charterhouse is a value-driven world-class educational institution.
Olatunbosun, “Charterhouse is not just like every other school anywhere globally but a prestigious and value-driven world-class educational institution that parents, who love quality and second to none education will always want their children to be.”
Despite the criticism, he stated that many parents have expressed interest in enrolling their children, adding that they are not surprised about our fees as it is within what they can afford.
“Some parents are here in Nigeria and some are based abroad. And they know the quality of education we will give to their children. It is about value and not whether the fees are high or not.
“They know it will cost them more if they are to send their children abroad and get the same quality and value we will give them here in Nigeria. The foreign exchange and the associated costs as well as nearness. ”
He added that there is no educational institution in the country with the facilities of Charterhouse, adding that the school would be of the same value as other high-profile UK-based schools.
“Even though we are yet to commence academic activities and we have not also done with our construction works, no school in Nigeria has the facilities we have already put in place.
“And it is not all about physical structures in Charterhouse, but also about quality, both academic and extra-curriculum, and value for our learners.
“Schooling in Charterhouse Lagos will be the same as in Charterhouse UK or any other high-profile UK-based school. The only difference is that the Chaterhouse here will be immersed in the Nigerian culture thereby giving our students the best of British education in a multicultural environment.
“So, we are not just any other school, and many prominent Nigerians, who are either products of Charterhouse or have any of their children or relations attended the school in the UK are very glad that Charterhouse is now here in Lagos Nigeria.
“Even here in Lagos, there are some schools, for example, that charge in millions of Naira per annum while some in hundreds of thousands and yet some others charge something lesser. So, it is now left for parents to decide which one to enrol their children based on the value they want and their purse.
“We are building on 70 hectares of land in Lekki and it will cost us over $150 million at completion and that is why we are very sure that by the time we are done, people will appreciate us better. So, those who want quality and are familiar with Charterhouse know why their children must come to our school.
Taking on the possibility of the school reducing its fees in response to the public criticism, “education is like somebody who is hungry and wants to take lunch and go to a restaurant where a plate of food is N5,000 and another go elsewhere to take the same size of food at just N2,000 and yet another go elsewhere where he or she will get it for N15,000 or more.
“Though the food may look alike, their value will never be the same. So, it is about providing value for money and that is what we do at Charterhouse.”
Operatives of the Department of State Services (DSS) have released Ogun State-based pastor Kayode Olawoye and two of his associates, Johnson Idowu and Korede Oluwadare, following intense public outcry.
Olawoye became an internet sensation following his exposé on the poor state of some roads in Ogun State, which he had repeatedly drawn to the attention of the state government.
A family source close to Olawoye confirmed his release in a telephone conversation with PUNCH Metro on Tuesday.
In an earlier interview with our correspondent, Olawoye’s family had raised concerns over his detention after he was allegedly invited by the DSS.
Speaking with PUNCH correspondent earlier on Tuesday, Olawoye’s wife, Shola Olawoye, said her husband received a phone call from the DSS on Sunday evening, asking him to report to its Ogun State office by 2 p.m. on Monday, January 19, 2026.
According to her, the officials described the invitation as a “friendly interrogation visit,” assuring him that it was nothing serious.
She said Olawoye arrived at the DSS office at about 1:30 p.m. on Monday but was held without family members having access to him, adding that several efforts made to reach him proved abortive.
She also noted that two other associates, Benjamin Olaleye and Joshua, who accompanied him to the DSS office, were also detained.
“I have not been able to speak with him since he entered the office. I don’t know his condition—whether he has eaten or even taken water. The people who went with him also had their phones seized, and we have not heard from any of them,” she said.
Shola said that while she was at the DSS office to inquire about her husband’s welfare, she was told to leave and return later, with assurances that he would be released after questioning.
She added that she waited until late Monday night and into Tuesday morning without receiving any update on his status, adding that the detention may be linked to his continued advocacy for the improvement of road infrastructure across the state.
She continued, “This is a man who is fighting for grassroots governance. He is not a criminal. He is not fighting or abusing the governor. He is not anti-politics, anti-peace, or protesting. He is simply saying, ‘Our governor should fulfil his campaign promises.’ That is all he is doing, and I don’t understand when being civil became a crime in my state.
“I do not know when being civil and asking for your rights turned into a criminal offence. He has been detained as if he were a criminal. Bandits are on TikTok and everywhere, yet the DSS has not detained any of them.
But they have detained my husband since yesterday. It has been almost 24 hours now, and I have not heard anything from him. I need the help of the whole of Nigeria.”
Another family member, who did not want to be named, explained that Olawoye had been invited on two occasions in the past and had always honoured the invitations.
The family source said this was the third time Olawoye had been invited by the DSS, adding that during previous visits, he was questioned about his public commentary on the condition of roads in Ogun State.
The source alleged that DSS officials had repeatedly asked whether he was sponsored to publicise poor road infrastructure in the state, an allegation Olawoye denied, maintaining that he had no sponsor.
“The first time he was invited, I was with him at the meeting. They asked who was sponsoring him to showcase the bad roads that Governor Dapo is not fixing. He replied that nobody was sponsoring him and that he was instructed by God to speak out about the bad roads so that the governor would fix them.
“The second time, they asked him the same question again—that he should name the people sponsoring him. He told them nobody was sponsoring him,” the family member said.
The news of his detention, however, sparked public outcry, with social media users condemning the action.
Reacting to the detention, Amnesty International Nigeria, condemned Olawoye’s detention in a statement on Tuesday.
The human rights advocacy group described the detention as unlawful and abuse of human rights.
The statement read, “The Nigerian authorities must end the incessant intimidation and harassment of Pastor Kayode Olawoye — a cleric widely known for advocating for better road infrastructure in Ogun State.
“Subjecting such a peaceful advocate for good governance to bizarre intimidation by the Department Of State Services is unlawful. The advocacy of Pastor Kayode is justified given the shocking and deplorable state of roads in Ogun — his state. Criticizing Gov. Dapo Abiodun is not crime.
“The authorities have an obligation to uphold and protect fundamental human rights. Instead of investing in desperate attempts to punish activists, the government should be listening to them and doing more to addressing people’s concerns.”
In an update on Tuesday night, the family source told our correspondent that Olawoye and the two associates who were with him had been released.
The source said, “Mr Olawoye and the two associates have been released. They were freed on Tuesday night after more than 24 hours in detention.”
Meanwhile, when contacted on Tuesday, the State Director of the DSS in Ogun State, Peter Afunanya, did not respond to messages sent to his line, nor did he pick calls placed to him as of the time of filing this report.
The governor’s Special Adviser on Information and Strategy, Kayode Akinmade, asked our correspondent to call back when contacted on Tuesday.
He was, however, not reachable as of the time of filing this report.
Nigeria’s retail lender, Unity Bank Plc, has launched an upgraded version of its mobile banking platform, Unifi, as part of ongoing efforts to improve customer experience on the Bank’s digital Banking platform and reinforce its proposition in ebusiness.
The latest update, Unifi version 2.3, introduces a suite of improved features designed to enhance usability, security, and convenience for customers. Key upgrades include enhanced security protocols, expanded quick-action functionalities, improved bill payment options, and an updated Nigeria Quick Response (NQR) feature to support faster and more secure QR code transactions.
A key aspect of the rollout builds on the Bank’s continued investment in digital and security infrastructure, aimed at safeguarding customer data, ensuring secure payments and enabling safe, real-time transactions across channels.
Speaking on the upgrade, Adenike Abimbola, Divisional Head, Retail, SME, Digital Banking & Fintech Partnerships at Unity Bank, said the improvements are built on the back of continuous interrogation of the platform to be more responsive to customer feedbacks which are being received overtime in our interactions and engagements.
“Digital banking has become an integral part of everyday life, particularly for retail customers who expect speed, dependability, convenience, and security as standard. With the latest upgrade to Unifi, we are responding directly to these expectations by enhancing functionality, strengthening security, and simplifying key payment and transaction journeys. Our goal is to ensure that customers can carry out their banking activities seamlessly, confidently, and without friction, anytime and anywhere.”
She added that the Bank remains committed to continuous improvement of its digital channels in line with evolving customer needs and emerging industry trends.
“As mobile banking increasingly defines how people interact with financial services, Unifi is central to our strategy of delivering intuitive, reliable, and inclusive digital solutions. We will continue to invest in technology partnerships and platform enhancements that support financial inclusion, drive adoption, and improve overall customer experience.”
Originally introduced as part of Unity Bank’s strategic push to expand its retail footprint, particularly among young and digitally savvy customers, Unifi has grown into a core engine of the Bank’s retail banking expansion. The platform plays a critical role in driving customer acquisition, deepening engagement, and reinforcing Unity Bank’s broader digital transformation agenda.
The Unifi mobile app is available for download on Android and iOS devices, offering customers access to a wide range of services, including transfers, bill payments, airtime purchases, and QR-enabled transactions.
Nigeria’s banking sector is being reshaped by one of the most ambitious recapitalisation programmes in its history.
If you bank, invest, or do business in Nigeria, understanding how this works and where each bank stands matters.
In 2024, the Central Bank of Nigeria raised minimum capital requirements and introduced three banking “tiers”: regional, national, and international.
Banks have until March 31, 2026, to comply.
Here’s what that means:
International banks need ₦500bn in paid-up capital
National banks need ₦200bn
Regional banks need ₦50bn
Paid-up capital is key. Retained earnings don’t count.
Several banks, including Access Bank, Zenith Bank, GTBank, UBA, Fidelity Bank, and First Bank of Nigeria, have already met the ₦500bn threshold and secured international licences.
Others, such as Stanbic IBTC, Citibank Nigeria, and Wema Bank, have secured national licences and appear focused on domestic operations.
First City Monument Bank, a subsidiary of FCMB Group Plc, sits between these groups. In 2024, it raised ₦147.5bn in a public offer, pushing its banking subsidiary above ₦200bn in paid-up capital and securing its national licence. That means FCMB’s core banking operations are not at risk under the new rules.
The bank is now raising additional capital to reach the ₦500bn mark required for an international licence.
This includes further share sales and shareholder-approved funding options. Regulatory review is ongoing.
Why does this matter to customers? A bank’s licence affects what it can do.
International banks can finance cross-border trade and large projects. National banks focus on domestic lending. Both are viable models.
For FCMB customers, the national licence already ensures continuity.
The international licence would expand services beyond Nigeria into the rest of Africa and the world.
The recapitalisation is also driving mergers, downgrades, and niche strategies across the sector, making Nigeria’s banking system more structured and transparent.
By 2026, the system will be stronger, not because every bank has become international, but because each has chosen a sustainable path.
DSS Releases Ogun Pastor, Associates Following Public Outcry Over Arrest
Unity Bank Unveils Enhanced Unifi Mobile App To Deepen Digital Banking Experience
Recapitalisation Explained — Where Access, FCMB And Others Fit
Doctor Remanded For Issuing Fraudulent Medical Report To Blogger Just Adetoun — Ogun Govt
Rivers Police Officer Kills One Colleague, Injures Another In Shooting Incident
Sowore Re-Arraigned; Court Drops Meta, X As Defendants In DSS Case
Video: Lagos Residents Scoop Diesel As Tanker Overturns On Tincan-Liverpool Bridge
Police Clarify Prof. Duru’s Witness Role, Deny Links To Akpabio Following Withdrawn Complaint
Omije Ojumi Burial Rites Suspended Indefinitely Over Family Crisis
