Osun Governemt Seal OAU Over Alleged N1.8bn Default
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Government of The State of Osun has shuts OAU Over Tax Evasion .
The Osun State Internal Revenue Service (OIRS) sealed the main gate and the administrative block of Obafemi Awolowo University (OAU), Ile-Ife, for its failure to remit over N1.844,770,939.45 to the agency. Osun government revealed that OAU owed the state about N1.8 billion and they had no choice than to seal after the management refuses to meet up with the deadline issued to them.
The Osun State Internal Revenue Service has shut down the Obafemi Awolowo University (OAU), Ile-Ife, over an alleged non-payment of tax to the tune of N1.8bn.
The team, led by one Mr Oladipo Babatunde, sealed the Senate Chamber and the administrative building before proceeding to seal the main gate, leaving the pedestrian gate unlocked.
The Public Relations Officer of the University, Mr Abiodun Olanrewaju, told Channels Television that the debt was inherited from the past administration of the institution.
“I must add this that the present university administration since 2017 has been paying consistently but the backlog of debt inherited from the past administration is what is causing this little problem.
“everything will be resolved by the grace of God. The school management is assuring the public that it will soon be resolved,” Olanrewaju said.
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