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Osun, Oyo Audit LAUTECH Finances

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By Dipo Olowookere

The governments of Osun and Oyo States have commenced external forensic audit of finances, staff strength and student population of Ladoke Akintola University of Technology (LAUTECH) in Ogbomoso, Oyo State.

Both states own the institution, which has always battled with different strike actions and closures lately.

Commissioner for Education, Science and Technology in Oyo State, Mr Adeniyi Olowofela, while receiving executives of the Christian Association of Nigeria (CAN) in the state on Saturday in Ibadan, explained that the move was to find a lasting solution to problems facing the school.

According to the Commissioner, a visitation panel led by Mr Wole Olanipekun, which was set up by the states to look into the crisis rocking the institution, had recommended a forensic audit after detecting 97 different bank accounts were being run in almost all the commercial banks in the country.

He noted that a total of N13.626 billion subventions, excluding Internally Generated Revenue (IGR), was released to the institution by Oyo and Osun State governments between 2011–2016.

Mr Olowofela pointed out that while Oyo released N8.5 billion, Osun contributed N5.2 billion.

“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.

“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 97 different bank accounts in almost all the commercial banks in the country. Some of the banks have closed shop, due to restructuring, merger or outright de-listment by the Central Bank of Nigeria.”

“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, giving a total of 35,507 students in LAUTECH.

“Why is it difficult for LAUTECH to survive, since institutions with less students’ population are surviving?” he queried.

“We must ascertain whether the government needs to jack 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 raising emotions all over the place.

“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 three weeks. But it appears as if some people want to truncate the exercise. I am appealing to the workers to give peace a chance,” he begged.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

Education

ComInfFest 2025: MTUCI Discusses Prospects for Exporting Russian IT Education

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By Kestér Kenn Klomegâh

An initiative, designed to foster a strategic collaboration between educational institutions from Russia and Africa, is set to bring together exceptional young professionals in the field of information technology. On 13th March 2025, the Moscow Technical University of Communications and Informatics (MTUCI) hosted a large-scale roundtable discussion on “Exporting Russian IT Education” as part of the International Science Festival “Festival of Communications and Informatics Science – ComInfFest 2025”.

The event became an important platform for discussing issues of promoting Russian educational programs in the field of information technology in the international arena. The roundtable was attended by representatives of embassies of 15 foreign countries and diasporas, interested government bodies of the Russian Federation, leading IT companies, international student organizations, as well as the president of the Cameroonian diaspora in the Russian Federation and chairman of the commission for work with African diasporas of the Russian-African Club of Moscow State University named after M.V. Lomonosov, Louis Gouend.

MTUCI Rector Sergey Erokhin, the roundtable moderator, emphasized the growing interest in Russian IT education students from different countries, noting the need to create favorable conditions for their successful studies, adaptation, and professional development.

Deputy Head of Rossotrudnichestvo Pavel Shevtsov emphasized the importance of creating attractive conditions for professional growth and employment of foreign students.

Louis Gouend emphasized the importance of strengthening ties between the Russian and African educational communities and the role of the Russian IT sector in developing the potential of African students. He also touched upon the issues of adaptation of international students, proposing innovative integration methods and stressed that Africa will be a huge growing market for Russian IT education by 2050.

The participants discussed issues of social and cultural adaptation, competitiveness of Russian education, and ways to overcome language barriers.

The experts further emphasized the need for active interaction with foreign partners, popularization of Russian IT education, as well as interaction between educational institutions and businesses to create practical-oriented programs. At the end of the large-scale roundtable, Louis Gouend discussed with the university management the possibility of receiving subsidies for African students studying in the preparatory course.

Moscow Technical University of Communications and Informatics (MTUCI) is a Russian university which specializes in the field of information technology, telecommunications, and information security. It currently has a total enrollment of approximately 15,000 students. In January 1992, in accordance with Order of the Government of Russia, it received the status of as a technical university and transformed into the Moscow Technical University of Communications and Informatics (MTUCI).

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Education

Applications Open for Prodigy Finance’s $8,000 Scholarship

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By Modupe Gbadeyanka

An $8,000 scholarship has been launched by Prodigy Finance and the Esade Business School for women in graduate programs in a bid to promote leadership and empowerment.

The scholarship is open to women from Prodigy-supported regions, with applications accepted from March 14 to April 14, 2025.

The objective of the programme is to support the next generation of female leaders as part of the commitment of the parties to empower women, breaking down barriers, and leadership in their respective fields.

This scholarship is part of a wider initiative to increase diversity and inclusion in education and get more women into leadership positions across industries and communities.

It is for women starting their studies in the Fall of 2025, who must be from a Prodigy-supported region and attending a Prodigy-supported school.

After the closure of entries, a period of review will follow from April 15 to May 1, 2025, with the winner announced on May 2, 2025.

Applicants must complete the scholarship application within the specified timeframe and submit essay responses that assess their merit and need, the organisers said.

“At Prodigy Finance, we believe education can transform lives. This Women’s Day, we are pleased to be partnering with ESADE to support women from around the world.

“By backing their education, we are not only making learning more accessible but also enabling them to make a lasting impact in the business world,” the Global Chief Business Officer at Prodigy Finance, Ms Sonal Kapoor, said.

Prodigy Finance said it is dedicated to making quality education accessible. Known for its no-cosigner, collateral-free loans, the company offers student loan amounts up to the cost of attendance limits set by the schools.

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Education

YP4T Plans Educational Grant for SSS3 Students Across Nigeria

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Young Professionals for Tinubu

By Aduragbemi Omiyale

An educational grant programme will soon be launched by a fast-rising support group, the Young Professionals for Tinubu (YP4T).

The scheme is to support at least 100 Senior Secondary School 3 (SSS3) students across Nigeria with funds for their final certificate examinations.

This initiative seeks to remove financial barriers for promising students, ensuring they have the opportunity to complete their education and contribute meaningfully to Nigeria’s growth.

“Education is the foundation upon which strong nations are built. By supporting 100 young Nigerians in their final year of secondary school, we are not only investing in their future but in the future of the country itself.

“This grant represents an opportunity for these students to complete a critical stage of their education, equipping them with the knowledge and confidence to contribute meaningfully to Nigeria’s progress.

“We believe that empowering young minds today will yield leaders who drive innovation, governance, and prosperity tomorrow,” the Regional Director for YP4T, Mr Alex Oware, stated.

Recently, in a continued effort to empower young Nigerians as active participants in the nation’s development, YP4T empowered about 1,200 young Nigerians with the knowledge and skills needed to take on active roles in shaping Nigeria’s future.

The programme was held under the Civic Participation Workshop and featured dynamic and interactive sessions on policy making and advocacy, digital citizenship and social media activism, leadership and public speaking, and understanding government and the constitution.

Participants had the opportunity to engage with experienced facilitators, ask critical questions about how to better integrate into political and civic spaces at both local and national levels, and receive practical guidance on how to make meaningful contributions to Nigeria’s development.

A resounding theme that emerged throughout the event was the growing number of young Nigerians approaching voting age, with speakers and facilitators emphasizing the urgent need for them to ensure they are registered to vote.

The discussions reinforced the principle that active civic engagement begins with exercising the fundamental right to vote, ensuring that young voices are represented in shaping the country’s future.

Mr Oware engaged the Personal Assistant to the President on General Duties, Mr Wale Fadare, in a conversation about what true nation-building requires from young Nigerians.

“True transformation is a collective effort. Young Nigerians have the energy and vision to drive change, and it is vital that we all work together to build a stronger, more resilient nation.

“A crucial part of this is making sure that more young people take their civic responsibilities seriously, from understanding governance to ensuring they are registered to vote,” the President’s aide said.

The event marks a significant moment for YP4T, which recently surpassed 3,000 registered young professionals dedicated to supporting and advancing the policies of President Tinubu.

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