Latest News

LAUTECH: Oyo Assembly makes case for state’s sole ownership

Published by

Clamour for the sole ownership of the Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, by the Oyo State government revved up on Thursday, as the State House of Assembly demanded a review of the Memorandum of Understanding affirming joint ownership of LAUTECH by the Oyo and Osun state governments.

The Assembly deliberating on a motion, anchored by Honourable Wumi Oladeji of Ogbomoso North constituency, entitled: “Reviewing the Joint Ownership of Ladoke Akintola University of Technology: A State Towards Sole Ownership by Oyo State Government,” argued that sole ownership of the university had become imperative to save the institution from total collapse.

The motion decried the inability of the Osun State government to fulfil its own side of financial obligation as regards payment of staff salaries and infrastructural development for about 15 months, and its attendant poor funding and poor infrastructure, therefore calling for the round table discussion between the two state governments to deliberate on the issues bedevilling the university.

Among other problems identified were the fact that the Internally Generated Revenue (IGR) of the university meant for the payment of gratuity, pension of retirees and developmental projects in the university was used to defray the payment of staff salaries.

Oladeji, alongside nine other co-sponsors, argued that the Oyo state government with sustained effort in improving the Internally Generated Revenue (IGR) of the university was capable of solely running the university.

Noting the Oyo state government had continued to strive to fulfil its financial obligation, as contained in the agreement, Oladeji prayed that Osun state government hands off the running of the university to allow Oyo state solely manage the institution.

In his contribution, Honourable Muideen Olagunju, Oyo East/Oyo West constituency, pointed out that the time was appropriate to utilize political solution to resolve the problem considering that governors of the two states and chancellor of the university were members of the same political party.

Also, Honourable Olusegun Ajanaku, Ibadan South West II constituency, called for cooperation and understanding among the principals of the two states for a consensus to be reached in the interest of the people that the institution serves.

Honourable Olukayode Akande, Ogbomoso South Constituency and Honourable Gbenga Oyekola, Atiba constituency harped on the need to revisit the memorandum of understanding that was signed by the two state governments.

Speaker of the House of Assembly, Honourable Micheal Adeyemo had intimated members of the Assembly of the existing Memorandum of Understanding on ownership of LAUTECH dated 23rd October, 2010 which stipulated, in part that, “Whereas at the instance of the government of Oyo state, both parties, joint owners and properties of Ladoke Akintola University of Technology, its subsidiaries and associated institutions, have decided to terminate their joint ownership and management of the university and share its assets and liabilities.”

The Assembly, consequently, resolved to invite officials of the Ministry of Justice led by State Attorney General, Mr Oluseun Abimbola, and officials of the Ministry of Education to appear at next Tuesday’s plenary to disclose the status of the subsisting case in court on ownership of the institution.

Recent Posts

Growing up, my doctor almost gave up on me because I was sickly ―Agule

Nick Agule, a chartered accountant who spent about 27 years in the oil sector before…

42 seconds ago

Can PDP retrieve mandate?

Is the Peoples Democratic Party (PDP) about to embark on another wild goose chase following…

21 minutes ago

Youths should build skills that align with passions, not be afraid to cross disciplines ―Hassan

Since the 2023 release of Mastering Business Studies, co-authored with Jamiu Adeleke Yinusa, Edidiong Hassan…

21 minutes ago

Preparing the public service for the Generation Z workforce

THE Nigerian public service system is going through transition on many fronts, all in a…

1 hour ago

God has revealed three persons who can stop Tinubu in 2027—Primate Ayodele

Speaks on new threats to Nigeria,Remi Tinubu, Shettima, among others In this interview with SUNDAY…

1 hour ago

2026: Between Oyebanji’s unstoppable march and opposition’s needless bile

MOST troubling crisis now brewing in Ekiti State, is the desperation of the opposition to…

3 hours ago

Welcome

Install

This website uses cookies.