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Oyo, Osun released N13.626b to LAUTECH, insist on forensic audit.
THE owner state governments of Ladoke Akintola University of Technology, LAUTECH, Ogbomoso have said that their earlier position, demanding an external forensic audit of the institution, so as to defuse and proffer lasting solution to the incessant crisis that had been affecting the institution, has been justified based on the visitation panel’s report, detecting 97 different bank accounts in almost all the commercial banks in the country being operated as against the directive of the Treasury Single Account (TSA) policy specifically put in place to promote transparency.
The report, also revealed that majority of the banks have closed shop due to either restructuring, merger or outright de-listment by the Central Bank of Nigeria and a total sum of N13.626 Billion subventions, excluding Internally Generated Revenue (IGR) was released to the institution by Oyo and Osun state governments between 2011-2016.
Revealing this yesterday, in Ibadan, the Oyo state commissioner for Education, Science and Technology, Prof. Adeniyi Olowofela, while receiving the state executives of the Christian Association of Nigeria, (CAN) noted that part of the recommendations of the visitation panel led by a far famed legal luminary, Chief Wole Olanipekun was that the accounts of the school and its workforce must be audited.
According to him, “We are not too comfortable with the accounting process or procedure of the institution, that is the least we can say now. ” Part of the recommendations of the visitation panel was that the accounts of the school must be audited; not only the accounts but the work force too must also be audited such that we look at the best practices on how to run this particular institution”. The bursary departments still rely on analogue mode of operation, with its attendant challenges and risks”.
The Commissioner continued, “When the government said you must have single account, in that visitation panel report, you have various accounts. If you have various accounts, you have not been accused of any financial difficulty, but we must know the truth so that at the end of the day, we will know whether something is wrong with the management, administration or the accounting process.
“The visitation panel observed that the University opened ninety-seven different bank accounts in almost all the commercial banks in the country. Some of the banks have closed shop, due to either restructuring, merger or outright de-listment by the Central Bank of Nigeria”.
In a like manner, Olowofela summarily analyzed as follows: “The subventions released to LAUTECH between 2011-2016 goes thus; Oyo state released 8,473,361,702.25, and Osun state contributed 5,153,047,345.74, totaling N13.626 Billion.
“Also, the students population is as follows : Undergraduate (Regular) – 27,457. Undergraduate (Part time ) – 1514. Postgraduate (Regular) – 2857. Postgraduate (Part-Time) 3054 . Open Distance Learning (ODL) 655. Total- 35,507 Students. Why is it difficult for LAUTECH to survive, since institutions with less students’ population are surviving?”.
“We must ascertain whether the government needs to jerk up the subvention or whether government needs to remove the subvention completely. We must know so that we will be acting based on facts. But what are we observing now, people are moving from one quarter to the other raising emotions “, Olowofela added.
Appealing to the labour unions of the institution to give peace a chance, he, however assured, “We are getting closer to the solution than to the problem. If we have an enabling atmosphere such that the audit firm is able to do the job there, the two governments will comply with the recommendations. The audit firm must submit its report within the next 3weeks. But it appears as if some people want to truncate the exercise. I am appealing to the workers to give peace a chance”, the Commissioner urged.
By Idowu AYODELE.
(C) Mega Icon Magazine.
The United States has announced the termination of legal status for over 500,000 immigrants, ordering them to leave the country within weeks, as President Donald Trump pushes forward with what he calls the largest deportation campaign in American history.
The sweeping directive, issued on Friday, affects approximately 532,000 Cubans, Haitians, Nicaraguans, and Venezuelans who arrived under a programme launched by Trump’s predecessor, Joe Biden, in October 2022 and later expanded in January 2023.
According to the Department of Homeland Security (DHS), the affected immigrants will lose their legal protections 30 days after the order is published in the Federal Register on Tuesday. This means they must leave the United States by 24 April, unless they secure another immigration status permitting them to stay.
Welcome.US, an organisation that supports asylum seekers, has urged those impacted to “immediately” seek legal counsel regarding their options.
A Reversal of Biden’s Immigration Policy
The Processes for Cubans, Haitians, Nicaraguans, and Venezuelans (CHNV) programme, introduced in January 2023, allowed up to 30,000 migrants per month from these nations to enter the United States for two years. The initiative was designed to offer a “safe and humane” alternative to the dangerous crossings at the US-Mexico border, which had seen a surge in arrivals.
However, the DHS reiterated on Friday that the programme was never meant to provide permanent residency.
“Parole is inherently temporary, and parole alone is not an underlying basis for obtaining any immigration status, nor does it constitute an admission to the United States,” the agency stated.
Mass Deportations Under Trump
Trump, who has made immigration control a cornerstone of his presidency, has vowed to crack down on migrants—particularly those from Latin America.
Last week, he invoked rare wartime legislation to deport more than 200 alleged members of a Venezuelan gang to El Salvador, a country that has controversially offered to imprison both migrants and U.S. citizens at a discounted rate.
The latest order signals Trump’s intent to follow through on his hardline immigration policies, raising concerns among human rights advocates about the humanitarian impact of such mass deportations.
Tens of thousands of malnourished Nigerian children face a dire future as lifesaving food supplies are set to run dry, the United Nations Children’s Agency (UNICEF) warned on Friday, attributing the crisis to a funding shortfall exacerbated by U.S. foreign aid cuts under President Donald Trump’s administration.
The agency said that within the next two months, 80,000 children suffering from severe acute malnutrition in Nigeria could lose access to vital treatment, while a total of 1.3 million children under five in Nigeria and Ethiopia remain at risk of starvation this year.
“Without new funding, we will run out of our supply chain of Ready-to-Use-Therapeutic-Food by May, and that means that 70,000 children in Ethiopia that depend on this type of treatment cannot be served,” UNICEF’s Deputy Executive Director, Kitty Van der Heijden, said in a video press briefing from Abuja. “Interruption to continuous treatment is life-threatening.”
The situation in Nigeria is even more urgent, with UNICEF warning that food supplies for malnourished children could be exhausted as early as the end of this month. Van der Heijden recounted a harrowing experience at a hospital in Maiduguri, where she saw a child so severely malnourished that her skin was peeling off.
U.S. Aid Suspension Escalates Crisis
UNICEF’s funding crisis follows a significant drop in international donor contributions in recent years, compounded by the U.S. government’s decision to halt all foreign aid for 90 days upon Trump’s return to the White House in January.
According to Reuters, the U.S., a major donor to UNICEF, implemented sweeping suspensions on USAID programmes worldwide, disrupting the delivery of essential food and medical aid. The impact has been catastrophic, with global humanitarian efforts thrown into disarray.
“This funding crisis will become a child survival crisis,” Van der Heijden warned, adding that the abrupt nature of the cuts left UNICEF unable to cushion the impact.
Health Services Crippled in Ethiopia
Beyond food shortages, UNICEF highlighted the devastating effects of the funding crunch on health services in Ethiopia. Programmes providing nutrition and malaria care for pregnant women and children have suffered, with 23 mobile health clinics shut down in Afar, leaving only seven operational.
As the crisis unfolds, humanitarian organisations continue to urge global donors to step in and prevent a full-blown catastrophe. Without urgent intervention, tens of thousands of children in Nigeria and Ethiopia may not survive the coming months.
The Federal Account Allocation Committee (FAAC) has distributed a total revenue of N1.678 trillion among the federal, state, and local governments for February 2025.
The revenue distribution was announced in a statement issued on Saturday by the Director of Press and Public Relations, Bawa Mokwa. The allocation was finalised at the March 2025 FAAC meeting in Abuja, which was chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and attended by the Accountant General of the Federation, Shamseldeen Ogunjimi.
Breakdown of Distributable Revenue
The total distributable revenue of N1.678 trillion comprised:
Statutory revenue – N827.633 billion
Value Added Tax (VAT) revenue – N609.430 billion
Electronic Money Transfer Levy (EMTL) revenue – N35.171 billion
Solid Minerals revenue – N28.218 billion
Augmentation – N178 billion
According to the FAAC communiqué, the total gross revenue available for February 2025 was N2.344 trillion. Deductions for the cost of collection amounted to N89.092 billion, while transfers, interventions, refunds, and savings stood at N577.097 billion.
The communiqué also revealed that gross statutory revenue for February 2025 was N1.653 trillion, which was N194.664 billion lower than the N1.848 trillion recorded in January 2025. Similarly, gross VAT revenue fell from N771.886 billion in January to N654.456 billion in February, reflecting a decrease of N117.430 billion.
Revenue Allocation to Tiers of Government
From the total N1.678 trillion distributable revenue:
Federal Government received – N569.656 billion
State Governments received – N562.195 billion
Local Government Councils received – N410.559 billion
Derivation revenue (13% of mineral revenue) to benefiting states – N136.042 billion
Allocation from Statutory Revenue (N827.633 billion)
Federal Government – N366.262 billion
State Governments – N185.773 billion
Local Government Councils – N143.223 billion
Derivation revenue (13%) – N132.374 billion
Allocation from VAT Revenue (N609.430 billion)
Federal Government – N91.415 billion
State Governments – N304.715 billion
Local Government Councils – N213.301 billion
Allocation from EMTL Revenue (N35.171 billion)
Federal Government – N5.276 billion
State Governments – N17.585 billion
Local Government Councils – N12.310 billion
Allocation from Solid Minerals Revenue (N28.218 billion)
Federal Government – N12.933 billion
State Governments – N6.560 billion
Local Government Councils – N5.057 billion
Derivation revenue (13%) – N3.668 billion
Allocation from Augmentation (N178 billion)
Federal Government – N93.770 billion
State Governments – N47.562 billion
Local Government Councils – N36.668 billion
Revenue Trends and Economic Outlook
The FAAC report highlighted a significant increase in Oil and Gas Royalty and Electronic Money Transfer Levy (EMTL) revenues for February 2025. However, there were declines in Value Added Tax (VAT), Petroleum Profit Tax (PPT), Companies Income Tax (CIT), Excise Duty, Import Duty, and CET Levies compared to the previous month.
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