The Council of the institution also approved the appointment of Mrs Josephine Akeredolu as the new Bursar.
The institution’s spokesman, Mr Abiodun Olarewaju, announced this in a statement issued on Monday May 13, 2013 in Ile-Ife.
The statement said while the appointment of Akeredolu as the new bursar took immediate effect, that of Awoyemi would be effective from June 1.
Until his new appointment, Awoyemi was the Director of Academic Affairs in the university.
He holds a B.A (Hons) in Philosophy, Postgraduate Diploma in International Relations and an M.Sc in International Relations, all from Obafemi Awolowo University, Ile Ife.
The new bursar has a Masters degree in Business Administration from the Obafemi Awolowo University, Ile Ife.