DAILY POST gathered that the approval followed the ceding of the institution to Oyo State government.
Oyo and Osun had last year agreed to share the property of the institution, which was jointly owned by the two states. It was learnt that Oyo State government reached an agreement to pay some money to the confers of the Osun State government. Makinde has, however, on Tuesday approved the payment of the sum of eight million naira as parts of ways to fulfil the agreement.
Commissioner for Education, Barrister Olasunkanmi Olaleye, who made the disclosure, added that the payment would be paid in three installments spread over a period of three years.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 today the payment of the sum of N8 billion to Osun State government.
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