OYO State Government has approved the payment of N8billion to Osun State Government as part of the agreement reached for the sole ownership of Ladoke Akintola University of Technology (LAUTECH), Ogbomosho.

The money, according to the Oyo State Government, is to be paid in four instalments over three years.

Education, Science and Technology Commissioner Mr Olasunkanmi Olaleye, who spoke yesterday at a news briefing after the weekly state Executive Council meeting held at the Executive Chamber of the Governor’s Office, Agodi, Ibadan, said the amount is the outcome of asset sharing between the two states when the ownership crisis issue was resolved in favour of Oyo State.

He said: “As a follow up to the agreement reached with the Osun State Government on the issue of sole ownership of LAUTECH, the Executive Council of Oyo State approved the payment of N8billion to Osun State Government and it will be paid over three years.”

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