The Federal Government has clarified that King’s College, Lagos, has not been sold or privatised, stressing that the institution remains publicly owned with legal title retained by the government.
The Minister of Education, Tunji Alausa, made this known in a statement issued on Friday by the ministry’s Director of Press and Public Relations, Folasade Boriowo.
Alausa was clarifying the Public-Private Partnership concession involving the King’s College Old Boys’ Association, following concerns over the ownership and management of the 117-year-old institution.
The minister explained that under the concession agreement, KCOBA would be responsible for financing, rehabilitating, modernising, operating and maintaining the school, while the Federal Government would retain legal title and its statutory, regulatory, monitoring, inspection and enforcement powers.
“Let me assure Nigerians, particularly the King’s College community, that this concession is not a sale of King’s College. Government has retained legal title to the institution and will continue to exercise its oversight responsibilities.
