Summary of The Lekki Headmaster: Chapter 5 - Snake in the Roof - JAMB Novels Lesson Note
- The MD’s Discovery
- The MD takes an unusual walk to a piece of land Stardom acquired two years earlier, located near the school’s back gate.
- She discovers that teachers and staff are using the land as an unauthorized car park, filled with large cars and buses.
- Surprised by the vehicles’ value, she suspects possible theft and summons the principal and accountant to investigate.
- Principal’s Explanation
- The principal reassures the MD that the school’s finances are intact and attributes the staff’s ability to afford cars to loans from the school’s cooperative society.
- The MD’s Concerns
- The MD expresses skepticism, questioning how the cooperative society could fund such luxury, and uses harsh words to describe the staff’s spending habits.
- She fears that the cooperative’s funds might enable staff to establish competing schools and damage Stardom’s brand, likening the situation to "hanging a snake in the roof and going to bed."
- Board Meeting and Decisions
- A meeting with the board of directors reveals that the cooperative society has N95 million, with over N50 million loaned out.
- The board decides to implement stricter controls:
- No staff member can borrow more than N250,000.
- All loan requests must be approved by the MD.
- Management must be informed about the cooperative’s elections.