The Students’ Union Government of the university made the disclosure in a statement issued on Saturday.
Mr Oluwasegun Obagunwa, its president said in the statement that the payment was made “following several agitations led by the Students’ Union Government’’.
“The Students’ Union Government wishes to announce to the students and the entire populace that the Dangote group of companies has reached out to all the families of the victims to pay them condolence visits.
“The N500,000 has already been paid to each of the families.
“We all know that there is no amount of money, items or valuables that can ever be compared to the loss.
“There are other on-going plans by the Dangote Group of Companies to further compensate the victims and their families in due time,’’ he said.