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.