The commission on Friday, said henceforth, Oyo State would have full ownership of the institution which the two states have been maintaining joint ownership.
But on the other hand, the NUC ceded the College of Health Sciences, located in Osogbo to Osun State Government.
Executive Secretary of NUC, Abubakar Rasheed made the announcement in Abuja, where he clarified that the administrative cost and other remuneration cost will be borne by the Oyo State government, while the Osun state government will bear the financial burden of the College of Health Sciences.
Recall that LAUTECH, Ogbomosho was established in 1990 by the old Oyo State government with the main campus located in Ogbomosho, while the teaching hospital was established in Osogbo.
Trouble started when Osun state was carved out of the old Oyo State in 1991, making both states joint owners of the institution.
The joint ownership arrangement was characterized by governance and management challenges, a development that affected the appointment of Vice chancellors to run the affairs of the institution.
It was also gathered that there has been issues with irregular payment of staff salaries over the years, as both parties were not taking responsibility.
To this end, the NUC constituted a tripartite committee which commenced its assignment on March 15,2020, with extensive meetings and interactions with the governors of Osun and Oyo as well as other stakeholders.
Following an update of the valuation of assets and liabilities, including a forensic audit, the negotiation retreat which culminated in the sharing of the assets and liabilities met in Lagos between 8th – 12th November 2020 where they arrived at a resolution.
Rasheed said, “It is gratifying to note that after extensive deliberations, negotiation and consultations, both owner states mutually agreed terms and the joint ownership of LAUTECH was formally dissolved.
” The mutually agreed dissolution was formalized 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 to the government of Osun state “.
Recall that in an attempt to find lasting solutions to the crisis, the tripartite committee engaged in re-evaluation and updating of the assets and liabilities of the university by relevant professionals from both states, in order to ascertain their current values.
The forensic audit was carried out by Deloitte and Touche, which included the delineation of assets and liabilities.
Posts
Thank you for reaching out to us. We are happy to receive your opinion and request. If you need advert or sponsored post, We’re excited you’re considering advertising or sponsoring a post on our blog. Your support is what keeps us going. With the current trend, it’s very obvious content marketing is the way to go. Banner advertising and trying to get customers through Google Adwords may get you customers but it has been proven beyond doubt that Content Marketing has more lasting benefits.
We offer majorly two types of advertising:
1. Sponsored Posts: If you are really interested in publishing a sponsored post or a press release, video content, advertorial or any other kind of sponsored post, then you are at the right place.
WHAT KIND OF SPONSORED POSTS DO WE ACCEPT?
Generally, a sponsored post can be any of the following:
Press release
Advertorial
Video content
Article
Interview
This kind of post is usually written to promote you or your business. However, we do prefer posts that naturally flow with the site’s general content. This means we can also promote artists, songs, cosmetic products and things that you love of all products or services.
DURATION & BONUSES
Every sponsored article will remain live on the site as long as this website exists. The duration is indefinite! Again, we will share your post on our social media channels and our email subscribers too will get to read your article. You’re exposing your article to our: Twitter followers, Facebook fans and other social networks.
We will also try as much as possible to optimize your post for search engines as well.
Submission of Materials : Sponsored post should be well written in English language and all materials must be delivered via electronic medium. All sponsored posts must be delivered via electronic version, either on disk or e-mail on Microsoft Word unless otherwise noted.
PRICING
The price largely depends on if you’re writing the content or we’re to do that. But if your are writing the content, it is $60 per article.
2. Banner Advertising: We also offer banner advertising in various sizes and of course, our prices are flexible. you may choose to for the weekly rate or simply buy your desired number of impressions.
Technical Details And Pricing
Banner Size 300 X 250 pixels : Appears on the home page and below all pages on the site.
Banner Size 728 X 90 pixels: Appears on the top right Corner of the homepage and all pages on the site.
Large rectangle Banner Size (336x280) : Appears on the home page and below all pages on the site.
Small square (200x200) : Appears on the right side of the home page and all pages on the site.
Half page (300x600) : Appears on the right side of the home page and all pages on the site.
Portrait (300x1050) : Appears on the right side of the home page and all pages on the site.
Billboard (970x250) : Appears on the home page.
Submission of Materials : Banner ads can be in jpeg, jpg and gif format. All materials must be deliverd via electronic medium. All ads must be delivered via electronic version, either on disk or e-mail in the ordered pixel dimensions unless otherwise noted.
For advertising offers, send an email with your name,company, website, country and advert or sponsored post you want to appear on our website to advert @ alexa. ng
Normally, we should respond within 48 hours.