Fraternities in Nigeria are now specialists in accumulating “financial bounties” with their leaders appropriating them; it is tantamount to corporate malfeasance. It may be unfortunate if not tragic that while the founders of University Campus Grown Fraternities (UCGFs) established them, perhaps for noble intentions, they have come to embody the very antics of “corporate malfeasance”. Operating just below the radar or not facing criminal prosecution is not evidence of clean hands. UCGFs depend mainly on the money members contribute and as their sizes have increased so has their kitties. Financial bounty taking by leaders in UCGFs is strictly about misappropriating members’ money and funders’ largesse, perennially. The bounty taking activities of UCGFs did not start one day or overnight. The bounties came in phases and often took years or decades to perfect. The bounties are now known as “returns.”
