The Nationwide Universities Fee (NUC) resolved the property disaster on the College of Science and Expertise Ladoke Akintola (LAUTECH) in favor of Oyo.
The fee, nevertheless, assigned the College of Well being Sciences situated in Osogbo to Osun.
The mutually agreed dissolution was formalized by signing a Memorandum of Understanding (MoA) by the governors of Oyo and Osun.
It was witnessed by the Attorneys Normal of each states, giving authorized impact to the switch of possession of LAUTECH to the state authorities of Oyo and the College of Well being Sciences to the state authorities of Osun.
Each states have been combating for possession of the establishment for a few years.
LAUTECH Ogbomosho was based in 1990 by the previous Oyo State authorities with the principle campus situated in Ogbomosho, whereas the college hospital was established in Osogbo.
Nevertheless, the issues began when Osun was faraway from the previous Oyo in 1991, making the 2 states co-owners of the establishment.
The joint possession settlement was characterised by governance and administration challenges, an evolution that affected the appointment of vice-rectors to direct the establishment’s enterprise.
It was discovered that there have been issues with the irregular fee of employees salaries over time, as each events weren’t taking duty.
NUC Government Secretary Abubakar Rasheed, at a gathering with officers from each states in Abuja on Friday, clarified that LAUTECH’s administrative and different remuneration prices could be borne by the Oyo state authorities.
The manager secretary famous that Osun, in flip, would bear the monetary burden of the School of Well being Sciences.
“It’s gratifying to notice that after intensive deliberations, negotiations and consultations, each house owners declare mutually agreed phrases and the joint possession of LAUTECH has been formally dissolved.
“The mutually agreed dissolution was formalized by signing a memorandum of understanding by the Government Governors of the states of Oyo and Osun, witnessed by the Attorneys Normal of each states, giving authorized impact to the switch of LAUTECH’s possession to the Oyo authorities State and the College of Well being Sciences to the Osun state authorities. “
The fee shaped a tripartite committee that started its duties on March 15, 2020, with intensive conferences and interactions with the governors of Oyo and Osun, in addition to different stakeholders.
Following an replace on the valuation of belongings and liabilities, together with a forensic audit, the setback of negotiations, which culminated within the sharing of belongings and liabilities, met in Lagos between eight and 12 November 2020 the place a decision was reached , taking into consideration the present values of each states.