LAUTECH: Oyetola Received N3.5bn Refund, Spent N2bn – Adeleke

•Admits Current Administration Got N500m

The Osun State Government has refuted claims of receiving eight billion naira from the Oyo State government as Ladoke Akintola University of Technology, LAUTECH refund.

The State Governor in a statement by his spokesperson, Olawale Rasheed, said the previous government under the leadership of Adegboyega Oyetola, received three billion, five hundred million, adding that it spent almost two billion naira from the fund before leaving office.

The Governor said, “Governor Ademola Adeleke did not receive any Eight Billion Naira as LAUTEC refund from the Oyo State government. Rather, the former Governor Oyetola government actually received Three Billion, Five Hundred Million and spent almost Two Billion Naira from the fund before leaving office.

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“Contrary to the fake news, the Oyetola administration actually got a payment of Three Billion, Five Hundred Million from the Oyo state government as part of the LAUTECH settlement payment before leaving office.

“To put it more directly, the sum of Three Billion, Five Hundred Million Naira (N3,500,000,000) came in during the period of the last dispensation. The credit balance stood at One Billion, Five Hundred and Sixty Two Million, Four Hundred and Forty Thousand, and Four Hundred and Thirty Six Naira (N1,562,440,436.80) as at November 30th, 2022. It therefore means that the sum of N1,937,559,563.20 was expended during the last administration.

“From November 2022 till date, the Adeleke administration received only Five Hundred Million Naira on the LAUTECH refund since assumption of office.

“When added to the N3.5 Billion paid by Oyo government during the Oyetola administration, a total of Four Billion Naira has so far been received from Oyo state government by the Osun state government.”

The governor while confirming the receipt of five hundred million naira since the inception of his administration, noted that he has spent part of the fund in the infrastructural development of the state.

According to him, the state spent part of the fund on ongoing infrastructure upgrade projects across the sectors of the state economy.

Adeleke while reiterating his commitment to prioritizing a transparent and accountable government, called on the public to ignore baseless report from agent of falsehoods.

He said, “As a transparent administration, all inherited and newly generated funds are properly managed by the state financial managers while state expenditures are drawn from the state accounts as stipulated in the Appropriation Act.

“Report of an alleged Eight Billion Naira (N8B) payment on the LAUTECH settlement is therefore fake news from an opposition that has lost all its credibility and electability.

“Governor Ademola Adeleke remains committed to transparency, accountability and anti-corruption practices in the management of state resources. We call on the public to ignore the baseless report from those merchants of falsehood.”