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Ajimobi Stops Funding Of Tertiary Institutions In Oyo

Governor Abiola Ajimobi of Oyo State has stopped government subventions to all seven tertiary institutions in the state including the Ladoke Akintola University of Technology, Ogbomoso which is jointly owned by the state and Osun.
This came as the Osun State House of Assembly said the plan by the Oyo State government to take over the jointly owned LAUTECH was impossible since Supreme Court had already ruled that the institution remained a joint property of both states. This was contained in a statement by Commissioner for Budget and Planning, Abimbola Adekanmbi sent to the Vice Chancellor, rectors and provosts of the institutions in the state. The letter which emanated from the office of the Commissioner for Budget and Finance, Secretariat, Ibadan was sent to the institutions last week. Meanwhile, the chairman, Osun Assembly Education Committee, Folorunso Bamisayemi has said, following a suit instituted against Oyo State government when the Alao-Akala administration first attempted forceful takeover of the institution, the Supreme court on March 22, 2012, had ruled that LAUTECH remained a jointly owned institution. He accused some elements within Oyo state government of allegedly encouraging criminality and also decried the denial by Oyo state Attorney General of an existing court verdict against the take over plot. He noted that Osun state government has never played a second fiddle to Oyo in the management of the institution despite the imbalance in the sharing of assets of the institution since its creation 26 years ago.

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

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