Mr Mimiko cited the significant contribution of diaspora remittances, which had exceeded $20 billion annually.
The institution’s registrar, Ademola Bobola, announced this in a notice on Sunday in Benin.
Pandemonium broke out on the university campus on Thursday when some soldiers went there to use an ATM.
The Senate of the University of Benin has approved removing the N20,000 late registration fee that led to a two-day mass protest by students of the institution.
UNIBEN students had blocked the Benin-Lagos expressway and the Ekheuan road over a N20,000 late registration fee imposed by the school authority.
