King’s College Not for Sale, Old Boys Insist, Concession Saga Deepens
• Joint unions shut down education ministry • Old Boys: proposed concession to save school, pledge to double teachers’ salaries, keep school fees unchanged • Unveil N100bn endowment fund Sunday
King's College Old Boys Association (KCOBA) has rejected the federal government's proposed concession arrangement for the prestigious institution, insisting it does not constitute a sale or transfer of ownership. The controversy erupted after staff unions at the Federal Ministry of Education threatened to shut down the ministry if the arrangement was not reversed.
KCOBA's president, Kashim Ibrahim-Imam, explained that the Federal Executive Council (FEC) decided to hand over management of King's College, Lagos, to the Old Boys on a Public-Private Partnership (PPP) basis. The Old Boys' primary goal is to rescue and reposition the over 100-year-old college, which has been suffering from deteriorating infrastructure.
KCOBA assured parents that school fees would not be increased as a result of the proposed arrangement, and teachers who choose to remain at the institution will receive double their current salaries and allowances.
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