The spokesman of the Police Command in Ondo State, Mr Femi Joseph, confirmed the incident and said that 11 others sustained various degrees of injuries.
The News Agency of Nigeria (NAN) reports that the students were returning from Ibadan after attending a religious programme.
Joseph further confirmed that the remains of the students were deposited at the Ondo State Specialist Hospital, Akure, where those injured were hospitalised.
No fewer than 15 students were in the Hiace bus when the accident happened.
The police spokesman said that preliminary investigation had revealed that the accident involved a Hiace bus carrying the students and a motorcycle.
“The accident happened when the bus’ driver lost control while trying to avoid the motorcycle that suddenly appeared on the highway.
“The bus somersaulted several times after trying to manoeuvre its way,’’ Joseph said.
He said policemen and marshals of the Federal Road Safety Commission were at the scene to assist the deceased and those injured.