Osun State government has finally ceded the ownership of Ladoke Akintola University of Technology (LAUTECH) to Oyo State.
This is coming after several years of shuffle between both states over the ownership of the higher institution.
National Universities Commission (NUC)came to conclusion over what it tagged “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 on Friday during a press conference in Abuja.
Rasheed said the sole ownership of LAUTECH has been formally transferred to Oyo State.
He said that while the main University ownership was transferred to the Government of Oyo State, the College of Health Sciences, Osogbo is ceded to the Government of Osun State.
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.
“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.”