Obi gave the warning in a statement issued by the university’s Registrar, Mr Gabriel Egbe, which was made available to newsmen on Wednesday in Calabar.
”Management has cautioned against this unwholesome and unethical practice. It is wrong and condemnable,” he said.
The Vice-Chancellor said that the members of staff should properly guide students instead of extorting them.
“Management shall closely monitor the activities of staff, and erring staff shall be adequately sanctioned,” he said.