Thursday, August 7, 2025
  • About
  • Advertise
  • Careers
  • Contact
The Reflector Newspaper
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology
  • Login
No Result
View All Result
The Reflector Newspaper
Home Featured

Governor Adeleke Denies Receiving N8 Billion LAUTECH Refund

Racheal Oloyede by Racheal Oloyede
October 30, 2024
in Featured, News
0
Governor Adeleke Denies Receiving N8 Billion LAUTECH Refund

Gov. Ademola Adeleke

0
SHARES
7
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on TelegramSend to Email

 

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

Related posts

Nigeria Slips To Fourth Place In Africa’s Largest Economies Rank

Presidency Faults Newspaper Editorial On Hunger, Economy

August 7, 2025
Tragedy Strikes As Inferno Claims Custom Officer, Wife, Four Children Lives

Osun Chief Arrested For Forcing Suspect To Drink Poison

August 7, 2025

Governor Adeleke revealed this in a statement from his spokesperson, Olawale Rasheed, on Tuesday in Osogbo.

Adeleke, through his spokesperson, claimed that the administration of former Governor Adegboyega Oyetola actually received three billion, five hundred million naira and spent almost two billion naira from the fund before leaving office.

LAUTECH, co-owned by both states, became a point of disagreement leading to the separation of assets.

The misunderstanding, which began under the Olagunsoye Oyinlola administration, came to a head during the Oyetola administration.

The statement 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.”

Adeleke maintained that as a transparent administration, all inherited and newly generated funds are properly managed by state financial managers, while state expenditures are drawn from the state accounts as stipulated in the Appropriation Act.

While calling on members of the public to ignore the report, Adeleke reiterated his commitment to transparency, accountability, and anti-corruption practices in the management of state resources.

 

 

 

The Reflector Newspaper's newsletters cover a variety of topics, from daily news to lifestyle content, markets info to medical news. Subscribe to get the latest information.

Unsubscribe
Previous Post

OBASANJO, TIME TO TAKE A REST!

Next Post

PDP Loses Zamfara Representative To APC

Next Post
PDP Loses Zamfara Representative To APC

PDP Loses Zamfara Representative To APC

RECOMMENDED NEWS

Tinubu Mourns Former NDDC Executive Director, Ojuogboh

Tinubu Orders Release Of 102,000 Metric Tons Of Food Items To Alleviate Hunger Crisis

1 year ago
2027: Atiku’s Coalition Offers Obi VP Role In One-term Deal

2027: Drama As Atiku, Obi, Amaechi Woos Northern Power Bloc

2 months ago
FG, Onnoghen Settle Dispute Out Of Court

FG, Onnoghen Settle Dispute Out Of Court

11 months ago
Group Blasts Delta Leaders’ Move To APC, Calls It Greed-driven

Group Blasts Delta Leaders’ Move To APC, Calls It Greed-driven

3 months ago

FOLLOW US

BROWSE BY CATEGORIES

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

BROWSE BY TOPICS

#EndBadGovernance protest 2027 Elections ADC Ademola Adeleke Akpabio Alaafin Of Oyo APC Atiku Bola Tinubu Buhari CBEX Coalition Dangote Refinery Defection Economic and Financial Crimes Commission (EFCC) Economic Hardship EFCC Emergency Rule Federal Government of Nigeria Fubara Fuel Price Fuel Price Hike Gunmen INEC JAMB Natasha National Power Grid Nigerian National Petroleum Company Limited (NNPCL) Nnamdi Kanu NNPC NNPCL Olubadan PDP Peter Obi Petrol Price President Ahmed Bola Tinubu Rivers Administrator Rivers Assembly Rivers Crisis Senate Tinubu UTME VeryDarkMan WAEC Wike

POPULAR NEWS

  • Congo’s President Daughter’s Bedroom Surfaces Online

    Congo’s President Daughter’s Bedroom Surfaces Online

    0 shares
    Share 0 Tweet 0
  • Economy Bleeds As Naira Hits Record Low With N72.58 Depreiciation Against Dollar

    0 shares
    Share 0 Tweet 0
  • Old Naira Notes Remain Valid – CBN

    0 shares
    Share 0 Tweet 0
  • Gospel Actress, Flora Of Abattoir Movie Series Is Dead

    0 shares
    Share 0 Tweet 0
  • JUST IN: FCT Minister Wike Leads Eid-El-Fitr Homage To President Tinubu Amid Death Rumors

    0 shares
    Share 0 Tweet 0
The Reflector Newspaper

Our mission at The Reflector Newspaper is to cultivate a dynamic digital space where truth, integrity, and diversity thrive.

Follow us on social media:

Recent News

  • Presidency Faults Newspaper Editorial On Hunger, Economy
  • Osun Chief Arrested For Forcing Suspect To Drink Poison
  • Ibadan Markets To Remain Closed Until Noon Friday For Olubadan’s Burial
  • WAEC Result Portal Glitch Resolved – FG

Category

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

Recent News

Nigeria Slips To Fourth Place In Africa’s Largest Economies Rank

Presidency Faults Newspaper Editorial On Hunger, Economy

August 7, 2025
Tragedy Strikes As Inferno Claims Custom Officer, Wife, Four Children Lives

Osun Chief Arrested For Forcing Suspect To Drink Poison

August 7, 2025
  • About
  • Advertise
  • Careers
  • Contact

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Verified by MonsterInsights