LAUTECH: Ajimobi, Aregbesola agree on joint ownership

Governor Abiola Ajimobi of Oyo State and his Osun State counterpart, Rauf Aregbesola have agreed to an irrevocable commitment on joint ownership of the institution in accordance with its Act.

The two states resolved after a four-hour meeting by the two visitors to the institution – in Ajimobi’s office, on Wednesday evening.

The meeting was also attended by the deputy governors of the two states, Otunba Moses Adeyemo (Oyo) and Mrs Titi Laoye-Tomori (Osun) as well as senior government officials from the two states.

Recently, LAUTECH had been faced with the challenges of funding, which led to its closure since June.

Earlier, the owners attributed challenges facing the institution to paucity of funds as a result of dwindling allocations from the Federation Account, due to the crash in the price of crude oil in the international market.

Addressing newsmen after the meeting, Ajimobi, who was flanked by Aregbesola, announced that the two owner states resolved to set up a Visitation Panel for amicable resolution of the ownership crisis.

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