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He, therefore, described the ongoing strike by one faction of the local chapter of the Academic Staff Union of Universities (ASUU) over alleged non-remittance of the check up dues, as unfair.
The strike which started on Monday, had disrupted some of the ongoing examinations, leading to protests by the students yesterday morning.
Some examinations are however continuing, supervised and invigilated by the second ASUU faction called the Integrity Group.
Speaking with journalists in Abuja yesterday, Adelabu said the management was also not owing its staff any allowances that have been approved by the Federal Government.
He added that the genesis of the problem with ASUU is the 'sharing formula' of the Internally generated revenue (IGR).
"I adopted a method that the resource persons (lecturers) get their dues and the rest of the IGR belongs to the university. On the check up dues, it is paid in full to them with their salaries. The money is paid to them. What are they now asking me to remit?" he said.
Adelabu also denied factionalising ASUU or the Students' Union Government (SMG).
"It is immaterial to me who becomes the president of SUG or the unions. We are here as academics and our primary assignment is to teach and examine," he said.
He added that he intervened and tried to mediate when the local chapter of ASUU split into factions.
Adelabu tenure which will end on June 30, had been dogged by controversies and his appointment was not renewed by the federal government.
"All the challenges I experienced were catalysts to me, and as a result, the determination rose, with the energy to consistently remain focused, which is why I was able to execute a lot of projects," he said.