The ownership of the Ladoke Akintola University of Technology, LAUTECH, Ogbomoso has been ceded to Oyo State.
This is as both States have mutually agreed on the terms of settlement while the joint ownership of LAUTECH has been formally dissolved.
The PUNCH reports that while the main University ownership was transferred to the Government of Oyo State, the College of Health Sciences, Osogbo was ceded to the Government of Osun State.
The reconciliation was said to have followed the extensive mediation by the National Universities Commission, NUC, on the need to restore tranquility and conducive learning environment in both Institutions.
The Executive Secretary of the NUC, Prof. Abubakar Rasheed, announced the resolution of the impasse during a press conference in Abuja.
Prof. Rasheed said, “It is gratifying to note that after extensive deliberations, negotiations and consultations, both owner States mutually agreed terms, and the joint ownership of LAUTECH was formally dissolved.