“We are a law-abiding school” LPS Denies US Dollar School Fees Claims

Lagos Preparatory School FeesEarlier today we published a story about a top Lagos school charging its school fees in Dollars. As we could not verify the source of the invoice floating around, we did not publish the name of the school.

Allegedly, parents were up in arms because the price of school fees has almost doubled because of the fast-rising dollar rate. The fees were listed at $3,000 per term, and with three terms that’s $9,000 a year, which is about 1 million Naira a term, and 3 million Naira a year.

The Central Bank of Nigeria outrightly outlawed paying for goods and services with foreign currency in March 2015.

However, now Pulse has exclusively obtained a statement from the school – Lagos Preparatory School (LPS)‘s headmaster, John Samuel.

“LPS is the most highly accredited British Curriculum School in Africa. We are a law-abiding school. Our invoices are denominated in Naira unless specifically requested by a parent.”

54 Comments on “We are a law-abiding school” LPS Denies US Dollar School Fees Claims
  • Ayo February 2, 2016 at 8:59 pm

    Regent School in Abuja Also Charges fees in Dollars! U guys should report these Greedy an Unpatriotic Schools to relevant authorities!! 3 million Naira Per year!! Why? Will Rather send my children Abroad than waste that money

    • bb February 3, 2016 at 12:08 am


      • Onyeka February 3, 2016 at 10:38 am

        make one… get a carpenter to make you one

  • seun February 2, 2016 at 9:19 pm

    Isn’t this place like a pre_school/daycare kinda? I remember my little cousin attended this school before him mama carry am go American International school.

    Didn’t realize it was this pricey?

  • Lagosgirl February 2, 2016 at 9:22 pm

    Una Ajala president has travelled again una dey here to carry gossip. Carry authentic news Bella naija abeg!!!
    Ajala is on the move again…….London…….France for the third time in eighth months.

  • Shady February 2, 2016 at 9:42 pm

    Not true – they have stopped since the CBN directive which was about 8/9 months ago. I made enquiries for my schools at a lot of the Abuja schools and none of them charge in $ except for AISA’s developmental levies.

    • Kara February 2, 2016 at 11:14 pm

      Please get informed. I have a child there. He should be cautioned for this false statement. They bill in US dollars

  • June February 2, 2016 at 10:26 pm

    All these schools should be HEAVILY FINED!!!!! And the money used to build community libraries or playgrounds !!! We live in Nigeria and should pay for goods and services in our own currency!!!!!! Corruption is too much in this country. We keep devaluing our curriency and killing our future as well!

  • Smith Francis February 2, 2016 at 10:43 pm

    I am concerned that the Head Master of LPS will come out and blatantly lie about the schools practice of billing in US Dollars. Parents absolutely do not choose what currency their children’s school fees are denominated in. You are billed in US$ and offered a street rate for Naira payment. That is the true position and I am disappointed that Mr Samuel, to whom we expect to be a role model to our children will openly lie about this!

    • Xtophar February 3, 2016 at 2:33 pm

      What’s appalling is that LPS would say their “invoices are denominated in Naira unless specifically requested by a parent.” When you allow a parent pay in Dollars, are you not still breaking the law??? What values are they passing on to these children? God I thank you for Twinkle Toes Ilupeju o.

  • Mama February 2, 2016 at 11:08 pm

    They have stopped what? I paid 3300 equivalent in Naira at 240 Naira to a dollar for this terms school fees. That is the invoice they sent. Please make we hear word. These people really take the piss.

    • Iris February 3, 2016 at 10:13 pm

      3300 a term! What are they learning? Meanwhile when they grow up and go to England for uni that’s the same tuition home students will pay for a year and then complain that Africans are illiterate and should get out. Your pikin is here ‘sponsoring’ two British nationals at a time. Omo, if your child doesn’t become a World Class anything in future he or she must at least buy you a small island.

  • Amina February 2, 2016 at 11:28 pm

    Mr Samuels statement is a blatant lie. The school actually issued a circular last year after the government policy. Please see circular via newsletter to that effect just updated on Twitter @BellaNaija #NoToLPSDollarsSchoolFees
    @Mr Samuels since when did the school start issuing invoices in Naira…….so you know it’s a crime to charge in dollars yet all your dollar invoices after the policy in March 2015 have been “imposed” on parents. No parent requested for dollar invoices. The circular clearly stated that LPS will continue to invoice in a US dollar amount …………blah blah blah……LPS is unable to carry the foreign exchange risk of issuing invoices in Naira….and the Naira equivalent can be paid by any parent who wishes to do so……..please humour us and tell us how much the Naira invoice for the lent term is – 3,300*310(today’s rate) or 3,300*200 (Decembers rate) the bursar – 08037141376 will be quick to give you the exchange rate for Naira……@Mr Samuels…..liar liar pants on fire……smh…..what sort of role model are you…..please don’t teach those innocent children how to lie

  • Nawa February 2, 2016 at 11:46 pm

    All the noise. If you are not comfortable please withdraw your kids.

    Ha! Rich people problem.

    I didn’t even spend up to 3 million naira from nursery to university.

    • Daisy February 3, 2016 at 12:29 am

      Nah, don’t do that. These parents have a right to be angry, regardless of how large their pockets are. They are being robbed in their own country. That’s like telling Nigerians not to complain about the economic crisis and relocate if they can’t deal.

      • honey February 3, 2016 at 8:34 am

        Oh please! These are the same parents that would have been ‘bragging’ to their friends and family ‘we pay dollars in my daughter’s school’. While I’m not in support of charging dollars in a Nigeria, these people are only complaining NOW because the exchange rate is ridiculous.

  • chi-e-z February 3, 2016 at 1:08 am

    It’s against the law to give invoices in dollars? but naira value is so unreliable. I might be biased but dollar is really the only reliable currency to me.

  • Teacher February 3, 2016 at 1:18 am

    I taught at the school for years and yes they do charge ridiculous amount in $

  • hazel M February 3, 2016 at 7:01 am

    Come to Zimbabwe you will do very well, especially with the catch words “international and British” there are people here who are paying more……yep the level of disrespect for the dollar in Zim has reached new levels.

  • Celest February 3, 2016 at 7:25 am

    The parents actually don’t have the luxury of just changing schools most private schools in Nigeria charge a joining fee which is usually almost equivalent to school fees for a whole year. So imagine if a family has more than one child, they will have to forfeit the joining fee paid for all their children and also have to pay joining fees for the same number of children at a different school. How feasible is that?

    • Xtophar February 3, 2016 at 2:37 pm

      Is it the fact that they charge high or charge in Dollars? Cuz I know a few people that pay higher than 1mln per term for their kids in primary school o and e no dey shake them a bit

  • Ifeoma February 3, 2016 at 7:58 am

    Mr Principal/Head Master you can lie! Chai! Thank God for social media……I have seen the circular on Twitter just search for #NoToLPSDollarsSchoolFees

  • Sarah February 3, 2016 at 8:13 am

    Mr Headmaster – Oniro, Ugha, makaryaci…….translation in Queens English “bloody Liar”…….the truth is out there on Twitter #NoToLPSDollarsSchoolFees

  • melinda February 3, 2016 at 8:18 am

    Big Man, Big Wahala….

  • Ready February 3, 2016 at 8:30 am

    I tried to call the bursar at 8:30 a.m. today to give him a piece of my mind. I got a message that the MTN number is switched off.

  • Tell me February 3, 2016 at 8:37 am

    Afi “LENT TERM” si. I would have preferred Winter, Spring/Summer, Autumn to get the real “oyimbo” feel o.

  • Moyo February 3, 2016 at 8:46 am

    While I don’t condone LPS breaking the law, I don’t know why parents are complaining, the LPS is not the only school in Lagos and you don’t have to send your child there if you cannot afford it. Paying $3300 per term for primary school is not for the ordinary man on the street (it is not beans). You made the decision so you either live with or change schools.

    • i no send February 3, 2016 at 10:43 am

      @ Moyo i agree with you on this..I remember how before the naira depreciated how some mothers whose kids schooled there would quickly tell you how they pay in dollars with glee and never saw anything wrong even when i expressed concern ..i guess trying to “separate men from boys”…..its not compulsory to continue there you can change your kids school except of course the “lagos factor” will affect that decision..mtchwww

  • Josephine February 3, 2016 at 9:19 am

    No shade and no judgment but I always wondered to myself how anyone can send their children where they charge dollars in Nigeria. I honestly don’t understand it..

  • Grace February 3, 2016 at 9:38 am

    Some people have got money o…and i am here day dreaming of who will dash me 50,000 to meet my needs in this Lagos(SMH)
    Is anyone facing hardship financially or its just me?#Damworried

    • Joy Ojo February 3, 2016 at 11:02 am

      Grace, You are so funny. I laughed hard when I read your post. I would have said the exact same thing. It is well. .

    • Xtophar February 3, 2016 at 2:34 pm

      Grace I am with you ojere. Me wey get medical bill of 2mln Naira. Wo, na long story o jare. Make we sha sidon dey drink water (since we aint got tea). LOL

      • Grace February 3, 2016 at 2:47 pm

        Awww, 2mil? My dear,God is faithful . It will all end in praise.

  • concerned9a February 3, 2016 at 11:40 am

    All about the presumption of Class and Elitism in that country…how can you explain paying dollars in your own country…if you unhappy move your kids..then let’s see how many pupils are left..ridiculous!!

  • Iamme February 3, 2016 at 2:33 pm

    $9k? That was pretty much my college tuition per year (well, some four years back, but still….). How do people pay this amount of money for primary school? ?? Ha!

  • thechic February 3, 2016 at 3:01 pm

    i think parents are complaining about being charged in $ and not necessarily the amount involved.

  • Favor February 3, 2016 at 4:14 pm

    Some comments are very interesting. But it’s important to stick to the real issue. 1. Theres a government policy against charging in dollars. 2.Charging in dollars exposes the parents to currency changes and the school fees are unpredictable. 3. The parents are bound by the joining fee. Do you honestly think a parent that has three children can forfeit the joining fee and pay joining fee in another school in addition to school fees? Even if they pluck money from trees it’s not feasible

  • Sisi February 3, 2016 at 4:35 pm

    Thank you favor. Nigerians! We never stand together. It is not a case of Elitism, Class or moving the child. Every parent aspires to give their child the best education. Charging in dollars is illegal, a Naira fee should be given by the school. Parents should be able to plan for school fees and not subjected to unpredictable school fees. This is simply unacceptable

  • toms February 3, 2016 at 6:39 pm

    Agreed, but you knew it was in dollars when you signed up for it. Even when the rate was low, no one should have signed up for a dollar paying school. British international school, french school etc are thesame.

  • Amina February 3, 2016 at 8:45 pm

    @ toms for your information the fees were not always in dollars, they experimented with different currencies in the past and decided to maintain dollars, but then the currency wasn’t as devalued as it is today. Also, there was no government policy against charging in different currencies in the past!

    • toms February 4, 2016 at 9:02 am

      It has been in dollars for the past 6year. Weather legal or not, u pick a dollar paying school, u face the consequences

  • Ariens February 3, 2016 at 10:15 pm

    I just here plotting and revising my plans on how to be a member of this league of Parents who can afford to pay these hefty fees for their children’s education without stress. And just give them the best quality of life possible.

    Only the Best things will do for my Future children., too.

  • NaijaPikin February 3, 2016 at 10:18 pm

    Chai. You go fear school fees. My undergrad was $3k a semester. That’s what pry school children are paying. wowzers.

    Oya who has jurisdiction over charging in forex? Who do you report to? Call your local police, call your governors office, call cbn? Whoever is knowledgeable to drop the right person. So people can know where to make their compliants.

  • Amina2 February 3, 2016 at 10:40 pm

    @toms…… The bills weren’t in dollars in the past, the school experimented with different currencies and subsequently decided to maintain dollars. The parents had no say…… There was no government policy at that time. Now there’s a government policy and parents can revolt

    • toms February 4, 2016 at 9:06 am

      I went there 6yrs ago and it was in foreign currency. Ridiculous! So those who signed up for it should bear the consequences. We’re in Nigeria, so pay naira. Whatever the fee actually is.

  • Reminisce February 4, 2016 at 8:27 am

    That’s true…….when they were at Bayo Kuku……back in the day the true purpose was to develop children and they were focused on the learning experience not now that the school is more focused on making money…….continuous charging in dollars despite government policy…….it’s now become a tradition to continue exploiting parents. Today sell funday tickets……tomorrow contributions for Star Trek envelope……..yet they charge in dollars

    • shade February 4, 2016 at 8:45 am

      Yes @ Reminisce. It’s a shame the school has diverted from this focused exceptional learning experience of the past to it’s new found focus of generating money by all means. Like you said, if it’s not selling funday tickets, it’s star trek envelope and begging for donations. The directors seem less interested in preserving the legacy of the school and more interested in labelling complaining parents and asking parents to withdraw their kids so they can generate more income from new students who will pay the $12000 joining fee.

  • Reminisce February 4, 2016 at 8:34 am

    That’s true…….when they were at Bayo Kuku……back in the day the true goal was to develop children and they were focused on the learning experience not now that the school is more focused on money…….continuous charging in dollars despite government policy…….it’s now become a tradition to continue exploiting parents. Today sell funday tickets……tomorrow contributions for Star Trek envelope……..yet they charge in dollars

  • Sandra February 5, 2016 at 5:38 pm

    Just catching up on the gist…..Very true…….you pay for first class and get economy treatment..you pay for everything including after school activities facilitated by teachers, you have to bring ingredients for home economics…..they expect you to donate books every year for birthdays but they can’t even give the children ordinary greeting cards….the expect you to bring snacks and drinks for the children’s xmas party but can’t provide a common bouncy castle or mini party loot bags like they did in the past…maybe they’ll soon add that to the invoice like paying for costumes which the school keeps…..standards are deteriorating fast……most of the good teachers have left…. The weekly awards are given based on favoritism. There’s no creativity or innovation the same events year in year out……Easter bunny parade, Fun day, Star Trek, they keep milking parents. They insist on premium payment for substandard services.

  • Rusu February 5, 2016 at 11:58 pm

    Please leave John alone (the headmaster). He’s only saying what he’s been told to say by the directors. The directors are the main problem. They make the key decisions. Frankly speaking they have no personal interest in the school anymore, all their children are now abroad (but one). I mean if a director can say to the face of fee-paying parents, “if you’re not happy, vote with your feet”…That says it all.

  • Edward February 6, 2016 at 8:12 am

    @rusu……you’re right, if a director can say that……then they really don’t have any interest in the school….shame a lot of parents bought into the early vision and invested heavily into the school over the years……

  • J February 7, 2016 at 3:52 pm

    The examples seem weak? Do ‘standards’ mean you don’t have to bring in snacks for a class party, or send shopping list ingredients when your kids are learning to make some recipe in home ec? But Yes, schools do lots of fundraising. Yet you can also say, “No, not this time.”

    The school was great back in the day because parents cared enough to pitch in together and create a school of excellence. Let’s do it again.

    And continue/create new ties to struggling schools, so kids who are more blessed than they realize also grow a social conscience for those less well-off.

  • Sandra February 13, 2016 at 9:20 am

    ..yes standards have dropped generally……from the teachers….to the photocopies of books they give for home work……….@ J …the kids are learning a recipe …..as part of the home ec curriculum! they are not doing the parents a favor…….the schools invoice is covers all learning subjects …..materials inclusive…….. providing shopping list ingredients is not a big deal…..however, not all schools ask pupils to bring ingredients………if parents pay a premium then the minimum standard required is premium service. In every area……What’s the point in sitting in first class and getting economy service……….parents have always brought snacks to support parties but the school did its bit………….in the past parents were happy to support and the school also did its bit……parents will continue to support the school ……but the school needs do its bit…..simple

  • Adamu April 23, 2016 at 7:55 am

    I know people who’s children are at LPS and they have to pay in dollars or pay Naira at an exchange rate determined by the school. The exchange rate is inline with the current black market rate.

    The head teacher should not lie. And the statement shows a lack of integrity on the part of the head teacher and governing board, a body who given their trusted role, should show the highest possible integrity.

    On the other side. The Nigerian law which came in effect in March 2015, criminalizing people and institutions for charging dollar fees is wrong in its conception and implementation. Many institutions including schools have multi year business plans (when I accept a child into a school I do so for six year period and need to plan accordingly). And many who charge in US dollars do so because they have a high percentage of expatriate or dollar denominated costs and would have to charge more (or have their businesses close down) if they also needed to take on currency risk (which is real and dangerous in Nigeria).

    As a telco, my business has been a great beneficiary of this law and we have gone back to our suppliers to change them to Naira. Though this has reduced our foreign exchange risk, in reality it has just transferred it to our suppliers. Over the next three years, we would not be surprised to see deterioration in service from many of them and others probably shutting up and going back to their home countries (many are multinationals who will be only too keen to leave once it becomes clear that the risk of doing business is too high).

    LPS is not a monopoly, parents who send their children to LPS enter freely into the relationship and they have adequate choice of schools in the environment. Indeed both the Federal and State Governments run very many schools. Some of them free or near free.

    The idea of criminalising dollar transactions is a poor policy and even more poorly implemented and the actions of a corrupt Government that has failed and continues to fail to manage its considerable endowment in a way that is beneficial to its people and rather than admitting this and making the necessary adjustment, is busy looking for supposed enemies in the private sector to blame for all of our woes.

    As testimony to its confusion, the CBN has introduced over 12 different policies on Foreign Exchange over the past 12 months, almost one every month. Compared to less than 10 over the preceding five years. Despite this a fifty percent spread has developed between the official and the accessible rates. And very many of those who have the contacts within CBN who are able to access the official rate, immediately flip the money on the parallel market for a 50% margin which they share with officials.

    Can you blame them. When few importers make more than 20% margin on their goods after bearing the risk of market changes, the high seas, the Nigerian customs, transport over Nigerian roads, and warehouse security. If I could access official rate, would I use it to import rice and computers, or sit back and purchase a Mont Blanc Pen to append my signature for a cool 50%.

    If I use the money to import my stuff, would I be a fool or a person of high standing, rewarded and praised by the Nigerian State? Unfortunately, I will be unlikely to ever know.

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