The Regent University College of Science and Technology is not for auction to defray any debt owed Obokom Civil Engineering Limited, the school has said.

“We have taken notice of publications circulating online and in the news media regarding the seizure and auction of some assets of Regent University College of Science and Technology (RUCST)”, the statement said.

“Certainly, we have some financial obligations toward Obokom Civil Engineering Works Limited in respect of one of the buildings of the Institution”, the school conceded, explaining: “The company and its owner, Nana Obokomata IX, have secured a court order against the property, but we are still in discussion with the company and its owner and we expect an amicable settlement soon”.

“Secondly”, the school noted, “the report that RUCST has been auctioned is incorrect,” the statement noted, adding: “The current matter does not interfere in any way with the academic functioning of the University. Please, stay calm, and rest assured that everything will be resolved shortly.”