Oyo to pay Osun N8bn as assets sharing negotiation

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LAUTECH
LAUTECH Gate

By Adeola Badru

OYO State Government, yesterday, approved the sum of N8billion to be paid to the Osun State Government, which formed part of assets sharing negotiation reached between the two states during the negotiation for the sole ownership of Ladoke Akintola University of Technology (LAUTEH), Ogbomoso.

Recall the crisis of interest between the two-state government over the ownership of the university, was finally laid to rest, as the National Universities Commission (NUC), ceded the institution to Oyo State Government in November 2020.

The intercessor, NUC, also ceded the College of Health Sciences, located in Osogbo, to Osun State. Executive Secretary of NUC, Professor Abubakar Rasheed, made the announcement in Abuja, where he clarified that the administrative and other remuneration costs would be borne by the Oyo State Government, while the Osun State Government would bear the financial burden of the College of Health Sciences.

Further recall that LAUTECH in…



Source: Vanguard Newspaper