Gov Adeleke of Osun state denies receiving N8bn LAUTECH refund from Oyo

The Osun state Governor, Ademola Adeleke, has denied receiving N8bn as Ladoke Akintola University of Technology (LAUTECH) refund from the Oyo State Government.

He clarified that the former Governor Oyetola administration actually received N3.5bn and spent N2bn from the fund before leaving office while his (Adeleke) administration received only N500m on the LAUTECH refund since assumption of office.

This was conveyed in a statement by the Governor’s spokesperson, Gboyega Oyetola, on Wednesday, 30th of October 2024.

The statement reads:

“Governor Ademola Adeleke did not receive any Eight Billion Naira as LAUTECH 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.

“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 state spent part of the fund on ongoing infrastructure upgrade projects across the sectors of the state economy.

“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.” [CONTINUE READING HERE]>>>>