Olumide Akpata Explains KCOBA's ₦100bn Deal for King's College

Olumide Akpata, a member of the King’s College Old Boys’ Association (KCOBA) and former Nigerian Bar Association president, clarified the association's backing of a ₦100 billion concession deal for King’s College, Lagos, during an interview on Arise News. He emphasized that the concession is intended to restore the 117-year-old institution, not to privatize it, as the Federal Government maintains legal ownership.

Akpata stated that KCOBA aims to finance, rehabilitate, modernize, operate, and maintain the school under this agreement. He highlighted the association's previous investments in the school, including renovations and infrastructure upgrades, and noted that the ₦100 billion Collegium Endowment Fund launched in July would support various initiatives such as teacher development and student welfare.

Akpata expressed that the concession formalizes KCOBA's support and provides a structured framework for future funding, addressing concerns about deteriorating facilities after previous interventions.