LAUTECH Ownership: Oyo To Pay ₦8 Billion To Osun In 3 Years As Asset Sharing Agreement

Oyo State Government has approved the payment of the sum of ₦8 billion to Osun State Government as an asset sharing agreement.

The approval, which was conveyed  by the Commissioner for Education, Barrister Olasunkanmi Olaleye, on Tuesday, January 19, 2021, would be paid in three installments spread over a period of three years.

According to a statement by the Chief Press Secretary to Oyo State Governor, Mr Taiwo Adisa, this is a follow-up to the agreement reached between Oyo and Osun States Government on the ownership of the Ladoke Akintola University of Technology, LAUTECH.

Barr. Olaleye stated this while briefing Newsmen shortly after the Executive Council meeting held at the Governor’s Office, saying: “The breakdown of the payment goes as follows: one billion naira will be paid in January 2021 and another one billion naira will be paid in December 2021. Three billion naira will be paid in 2022 and the last three billion naira will be paid in 2023. This was the decision of the council today.”

TINU

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