LAUTECH : Bold step taken by the Osun and Oyo states government to ensure a lasting solution to the crisis.

Osun State Government has called on members of the public to
prevail on the management and staff of the Ladoke Akintola University of
Technology (LAUTECH) to be opened and sincere on ending the lingering
crisis rocking the university.

The state government, in a press statement issued by the Commissioner
for Information and Strategy, Mr Adelani Baderinwa, on Sunday, said it
is concerned about the plight of the students of the institution, hence
the need to alert the public on what is going on in the LAUTECH.

According to press statement, the state government was worried on and
doing all humanly possible to resolve the crisis and ensure quick
resumption, notwithstanding the selfish politics being played by some
people, management union and staff of the institution.

The government claimed that some elements within the university were
not sincere on resolving the matter, saying that such people are
grandstanding and deliberately stifling efforts to pull out the
institution out of the crisis.

The government said the setting up of the Chief Wole Olanipekun led
visitation panel which recommended auditing of the university, is a bold
step taken by the Osun and Oyo states government to ensure a lasting
solution to the crisis.

Based on the recommendation, the state government said the two owner
states engaged the service of KPMG to audit the university accounts,
disclosing that ‘internal enemies’ in the institution are frustrating
the auditing exercise.

It maintained despite the resolve of Governor Rauf Aregbesola and
Abiola Ajimobi of Oyo states to bring lasting solution to the
institution crisis, the some members of staff and management are
sabotaging the owners’ efforts.

The Osun government commended Ajimobi’s administration for its understanding and commitment to bring back LAUTECH to live.

The press release reads: “It is worrisome and disturbing, especially
in this present recession time, to know that LAUTECH runs 97 bank
accounts when the Treasury Single Account (TSA) has become the order of
the day. There are 10 Chief Accountants which is not so in other

“More worrisome too is that LAUTECH has lost money in many distressed banks according to the report of the visitation panel.

“For 27 years of existence, Osun Government lived up to its
expectations as equal partner , notwithstanding the obvious cheating
meted to it as only one (1) out of the eight (cool academic faculties is
in Osun, while Oyo has about twice of the staff strength of the

“Osun single-handedly funded the infrastructure development in the
Osun campus; also 85 per cent of the total institution’s infrastructure
is in Oyo, whereas funding is equally carried out. Despite this, we are
fully committed to joint ownership of our joint heritage. Indeed, we
staunchly fought for it in 2010 when effort was mis-advisedly made”

The state government said it was worried about the level of
mismanagement of funds in the university, saying that the institution
should have been self-sufficient financially by now.

“Osun State University with student population of about 9000 with six
campuses which implies more recurrent cost and just nine years old like
some other state University in the country are surviving.

“It is surprising that a more viable LAUTECH with students population
of 26,360 undergraduates paying average of N70, 000 tuition fee,
part-time students of over 2000 paying average of N120, 000, 1560
academic postgraduate students paying N150, 000; professional
post-graduate students of 2600 paying average of N250, 000, pre-degree,
distant learning and other programmes cannot survive on its own.

“While ventures in other institutions thrive, that of LAUTECH is
dead. TETFUND and Needs Assessment Funds running into billions have been
given to LAUTECH without commensurate research output to show for it.

“Right-thinking members of the society should please prevail on
LAUTECH management and staff to allow owner governments to do the right
thing – proper auditing which invariably will ensure proper running of
the institution and make it responsive to the essence of its
establishment”, it added.

1 Comment

1 Comment

  1. Akintaro oluwafemi

    June 25, 2017 at 11:25 pm

    may GOD take Control


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