Osun Cedes LAUTECH Ownership To Oyo – NUC

Osun Cedes LAUTECH Ownership To Oyo – NUC

The ownership of the Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, Osun State has been ceded to Oyo State.

The National Universities Commission (NUC) had pledged its commitment to ensuring the full implementation of the terms of the agreement reached by the Governors of Oyo and Osun states over the Ladoke Akintola University of Science and Technology (LAUTECH).

Addressing a news conference in Abuja the Executive Secretary of the NUC, Professor Abubakar Rasheed applauded the state governments for giving legal effect to the transfer of LAUTECH to Oyo state government and the College of Health Sciences, Osogbo to the Government of Osun state.

“Over the years, the joint ownership arrangement has been characterised by government or management challenges, affecting the appointments of vice-chancellors and other principal officers,” Professor Rasheed said. “And occasionally problems started to show, especially problems to do with the irregular payment of staff salaries.

“In September 2010, when it became obvious that the joint ownership of the institution was an issue, actually, a problem. And in an attempt to resolve these challenges and restore normalcy enable the university focus on achievement of its mission, the NUC then constituted a transition committee to oversee the affairs of the institution for three months.”

Rasheed added, “It is gratifying to note that after extensive deliberations, negotiations and consultations, both owner states mutually agreed terms, and the joint ownership of LAUTECH was formally dissolved.

“The mutually agreed dissolution was formalised through the signing of a memorandum of agreement by the Executive Governors of Oyo and Osun States witnessed by the Attorneys-General of both States, giving legal effect to the transfer of ownership of LAUTECH to the Government of Oyo State and the College of Health Sciences, Osogbo to the Government of Osun State.”