Oyo: ‎LAUTECH, Other Institutions To Be Audited

In a bid to know the true state of finances and manpower of the Ladoke Akintola University of Technology and other tertiary institutions owned by the state, the government of Oyo State has appointed external auditors do carry out the task.

The commissioner for education, Prof. Adeniyi Olowofela, who made the disclosure, explained that the auditors are expected to look into the books of the institutions with a view to ascertaining their true financial and personnel state.

According to him, the action would help government determine the level of intervention required as well as their capacity for self-sustenance.

Only last year, the government reduced subventions to the institutions to only 25 per cent, with a directive that they should look inward to generate more revenue for self sustenance as a panacea to economic recession.

He posited that the decision was one of the efforts being made to reposition education in the state.

“Government is in the process of appointing external auditors to enable govt know the state of finances and manpower of all the tertiary institutions owned by the Oyo State Government including. The auditors will commence work in two weeks’ time. All these will help us reposition education in the state.”