Wednesday, April 9, 2014

Osun Seals Off Oduduwa University Over Unpaid Tax

Osun State Internal Revenue Service on Monday sealed off Oduduwa University, Ipetumodu,  over non-remittance of N173 million income tax.

A statement by senior special assistant to the governor on  revenue, Mr Femi Balogun,  who led the  team to the university at Osogbo , said  the tax liabilities covered the period between 2006 and 2011.


Oduduwa University is a private tertiary institution  located in Ife North local government area of Osun State.

Balogun said “The tax liabilities covered back duty liability from 2006 to 2011 and the enforcement is the last stage of any tax process which is in line with Section 104 subsections (1) and (2) of Personnel Income Tax Act as amended.”

“Tax payment is a law and a civic responsibility of all sundries. It is through this effort that government provides massive infrastructural development, security and other amenities.

“The revenue department will stop at nothing to ensure that every individual performs his civic obligations.’’

He advised the university to do  the needful by paying up its tax liability to avoid further action of prosecution in a court of law.

“We have commenced the general enforcement on all corporate tax defaulters and within the next few days, the enforcement team will visit all tax defaulters.

“We have on  our radar  corporate institutions like banks  owing back duty of withholding tax on bank interest and some other companies that are recalcitrant in fulfilling tax obligations.

“It is important to urge all tax payers and companies with outstanding tax liabilities to resolve their tax issues to avoid embarrassment,’’ Balogun said.

Efforts made to get the reaction of the management of the university proved abortive, as there was no response to calls put across to the proprietor, Dr  A. Adedoyin.

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