The Oyo State has finally taken over sole ownership of Ladoke Akintola University of Technology (LAUTECH), Ogbomoso following many years of joint ownership tussle with Osun State.
The university’s teaching hospital, which is based in Osogbo, the Osun State capital, will now be solely owned by the Osun State Government.
The university teaching hospital was subsequently established in Osogbo when Osun State was carved out of the old Oyo State in 1991, thereby making the two states joint owners of the institution.
Crisis of ownership of LAUTECH established in 1990 by the old Oyo State Government with the main campus located in Ogbomoso started with the administrations of former Governor Adebayo Alao-Akala of Oyo State and former Osun State Governor Olagunsoye Oyinlola in 2010.
On Friday, the Executive Secretary of the National Universities Commission (NUC), Prof. Abubakar Rasheed, at a press conference in Abuja, said the decision to make Oyo sole owner of the institution was as a result of governance and management challenges which consequently was affecting the appointments of vice-chancellors and other principal officers, as well as irregular payment of staff salaries.
According to him, in 2010, when it became obvious that the joint ownership of the institution was an issue, and in an attempt to resolve the challenges and restore normalcy, a transition committee was set up by the commission to oversee the affairs of the university for three months.
He said: “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.
“In a bid to achieve an equitable and mutually agreeable dissolution of the joint ownership of LAUTECH by Osun and Oyo States, in the overall interest of the university and in consonance with the stipulations of the legal framework which had been adopted by both states, the tripartite committee critical activities, namely:
“Reevaluation and updating of the assets and liabilities of the university by relevant professionals from Osun and Oyo States in order to ascertain their current values. Forensic audit of LAUTECH, Ogbomoso, and the University Teaching Hospital, Osogbo from inception to date by the audit firm of Deloitte and Touche: and delineation of assets and liabilities for sharing by the two owner states of Oyo and Osun States.”
The NUC boss said the commission was ready to “work with all the stakeholders to ensure full and faithful implementation of the terms of agreement in all of its ramifications and will okay its part in ensuring that LAUTECH gets back on track in a harmonious milieu conducive to the discharge of its tripodal mandates of teaching, research and community service.”