Despite CBN Ban Lagos Preparatory Continues To Charge Fees In Dollars, As We Exclusively Gather Headmaster Is Threatning To Resign.

Parents of pupils at the Lagos Preparatory School in Ikoyi have been heavily burdened as the school demands that parents pay their wards school fees in dollars or the black market equivalent, this is in spite of the ban by CBN that no school in the country should charge tuition fees in foreign currency.

Some parents find the school’s demand outrageous as school fees has almost doubled from what it was last year due to the Forex crisis. The current fee is at N1 million a term at the exchange rate of 318 Naira to a dollar.

A parent told my blog anonymously that many parents have pulled their kids out of Lagos Prep and transferred them to MeadowHall which is located in Lekki.

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What makes the dollar fee payments even more bizarre is that staff of LPS are paid in naira so there is no real reason for the unreasonable demand. Some parents are in the process of filing litigations against the school while others have withdrawn their children.

That1960chick.com has also exclusively gathered that the headmaster at Lagos Prep has resigned and will no be returning when he goes on holiday this Summer.

Other schools like Children’s International School Lekki and St Saviors Ikoyi empathized with the plight of parents and fixed their fees in Naira.