A special council meeting has been convened and is chaired by USP Chancellor and Nauru President Lionel Aingimea.
The FBC reported Fiji's Attorney-General Aiyaz Sayed-Khaiyum and Education Minister Rosy Akbar attended the online meeting.
President Aingimea called the meeting last month.
A week later, Sayed-Khaiyum announced Fiji was suspending its grants of more than $US10 million to the university.
The Nauru leader accused both Thompson and chair of the Audit and Risk Committee Mahmood Khan of a campaign against Vice Chancellor Pal Ahluwalia since the professor's appointment last year.
Thompson held a press conference and said there was a disconnect between the university's governing council and the management team.