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The Vice Chancellor of the institution, Prof. Idowu Olayinka, made the announcement on the university's radio station, Diamond FM.
In the brief announcement, the students were told to vacate the halls of residence and the university before 4pm.
The students are protesting over the rustication of one Michael Tunji-Ekpeti, 500-level Petroleum Engineering, who was said to have participated in a mass protest last semester when his hostel, Independence Hall, had no electricity and water supply for two weeks.
The students were said to have been enraged because he was singled out in the mass protest.
However, some student leaders have gone round the halls of residence to dispel as a mere rumour the announcement made by the university management.