Governor Ademola Adeleke of Osun State has reacted to the claims that his administration collected N8 billion refund for Ladoke Akintola University of Technology (LAUTECH) from the Oyo State Government.

Adeleke in a statement by his spokesperson, Olawale Rasheed said:

“Contrary to the fake news, the Oyetola administration actually received a payment of three billion, five hundred million naira 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) was received during the last administration.”

“The credit balance stood at one billion, five hundred and sixty-two million, four hundred and forty thousand, four hundred and thirty-six naira (N1,562,440,436.80) as of November 30, 2022. This means that the sum of N1,937,559,563.20 was expended during the last administration.”

“From November 2022 to date, the Adeleke administration has received only five hundred million naira on the LAUTECH refund since assuming office.

“When added to the N3.5 billion paid by the Oyo government during the Oyetola administration, a total of four billion naira has so far been received from the Oyo State government by the Osun State government.”

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