Punch reports that the police swooped on the boys (names withheld) while they were being initiated into the group by the duo of Dayo Oludare and Olaniran Arowobusoye, both 22-year-old.
The pupils, said to be between 14 and 18 years of age, were arrested following a tip-off.
Items recovered from the scene were a butcher knife and a big kitchen knife, which a police source said were intended to be used to unleash terror upon fellow pupils.
The Police Public Relations Officer in the state, Mrs. Folasade Odoro, confirmed the incident.
She said, “The Commissioner of Police, Mrs. Dorothy Gimba, has directed a discreet investigation into the case. She has also urged parents to warn their children against any infraction of the law.”
In a related development, two students of the Osun State College of Education, Ilesa, suspected to be cultists, have been arrested by the police.