The President of the African Methodist Episcopal University (AMEU), on Camp Johnson-Road in Monrovia Mr. Levi B. Zangai has disclosed that a scam has been uncovered linking some five hundred (500) students at the institution.
The alleged students according to Mr. Zangai have issued fake bank slips to the University that which resulted to the institution to has lost US$100,000.
"There were fake receipts. Some working through all kinds of agencies giving their money through friends or some ranking gangs called "419-gang" to deposit and they got fake slips," he said.
Since September 2005, Mr. Zangai said the situation has engulfed the institution but discovered same in February 2006.
The A.M.E. University President made the disclosure recently in an exclusive interview with The Analyst at his Camp Johnson Road office.
The A.M.E. University students and other schools student in Monrovia have adopted the attitude of having students pay their tuitions to commercial banks in the country.
Accordingly, Mr. Zangai informed The Analyst that the dubious act was done at the former International Trust Company (ITC), now referred to as International Bank (IB).
He described the act carried on by the students as "419 students scam," adding that serious action will be taken against said students.
Mr. Zangai said the authority of the A.M.E. University has contacted the Former International Trust Company (ITC), now International Bank where the students deposit their tuitions to hold some investigations.
At the same time, Mr. Zangai has disclosed that an investigation team has been formed by the school to help the Criminal Investigation Division (CID), of the Liberia National Police with the investigation.
He said the CID has arrested some 20 students including members of the "419 Gangs" helping with the investigation.
When contacted the CID at the Liberia National Police Headquarters, it was confirmed by some executives of the CID but said the number was not in the twenties.
The CID authority could not confirm whether the accused where been put behind bars but maintained that they have made some arrests in connection with the scam at the A.M.E. University.
Unconfirmed reports have it that other schools in Monrovia have been affected. Investigation into the A.M.E. University students scam continues