LASU spokesman, Ademola Adekoya, said in a statement on Monday that at no time did the university borrow from its Staff Contributory Fund to finance accreditation expenses.
“The Lagos State Pension Commission , the regulatory body for pension fund, had recently commended the university for its efficiency in remittance,” Adekoya said. “Further to the approval of the university’s budget by Lagos State Government and the need to urgently commence preparation for the accreditation as set by the NUC, the university took the initiative of sourcing for required funds internally, pending release of same by the state government,” he said.
He said that all the vehicles purchased were all in the name of the university, constituting an asset of the institution.
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Source: Daily Trust - 🏆 13. / 51 Read more »