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NUC ends audit exercise at Lead City Univeristy

17 August 2012, 16:17

Ibadan - The National Universities  Commission  (NUC) has concluded its forensic audit exercise at the Lead City University, Ibadan.

The NUC team leader, Prof. Ogoh Alubo said that the audit report would be presented to the commission next week.  

Ogoh, who did not give details on the exercise,  said the five-man panel had  done extensive work on the institution.

 ``We are through with the forensic audit exercise on Lead City University  and hopefully we will make our reports available to the Executive Secretary as soon as the Sallah holiday is over, ” he said.

The Vice Chancellor of the university, Prof. Olufemi Osibajo,  said the institution’s management  cooperated with the panel because of the importance it attached to the  exercise.

``I think the forensic exercise went well and we showed more than what the NUC expected of us.

`` We opened all our books and they saw everything; I know the team was  impressed,’’ he told NAN in an interview.

Osibajo said that the exercise further showed  that there were certain areas of  misunderstanding between  the university  and the NUC.

`` The NUC   also gave advice in terms of what we should do right to improve and it  was  sincere and not prejudiced.

``The NUC was  not deceptive in the advice it gave us.  I think it is a good thing for an outsider to assess you. By and large,  I think it was a  very fruitful  exercise, ’’ he said.

He said there was  a cordial relationship between the management of the institution and the Executive Secretary of  the NUC, Prof. Julius Okojie,  contrary to the perception in some quarters.



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