Forty-two days after President Olusegun Obasanjo was sworn in, five students - 21 year old George Akinyemi Iwilade (Afrika), Yemi Ajiteru, Ekede Efe, Eviano Ekelemu, Babatunde Oke - were murdered by suspected cultists led by one Efosa of the Black Axe Confraternity from the University of Benin in an attack believed to have been sponsored by the then VC, Prof. Wale Omole.
The then Students' Union president, Lanre Adeleke was said to have escaped being killed by jumping from the third floor of Block 8 of the Obafemi Awolowo Hall where his room was but the Secretary General, Afrika, was unlucky as he was matcheted to death in his room 281.
Their offence was that they were against anti-student policies of the management which included astronomical increase in tuition fee and poor welfare conditions. Great Ife responded by mobilising heavily to arrest the perpetrators. They were forced to hand them over to the Police but unfortunately, sixteen years after, those who killed the Iwo, Osun State, born 400 law student and four others their killers are yet to be booked.