Court Orders UNILORIN to Pay N970m Tax Arrears

0

By Hammed Shittu

An Ilorin High Court has ordered the University of Ilorin to settle its outstanding tax liability  of N970m to the Kwara State Internal Revenue Service (KWIIRS).

The presiding Judge, Hon. Justice  Bayo Yusuf, gave this ruling on Friday at the Kwara State High Court.

According to him, the application for stay of execution by the University of Ilorin on the judgment earlier given in favour of KWIRS is not valid and is now subsequently dismissed by the court.

Reading his ruling, Hon Justice Yusuf ordered that University of Ilorin being the judgment debtor, pay N100m on or before 31 May, 2016‎ and N50m monthly until the N970m is liquidated accordingly.

 He added that interest accrued on the liabilities should be paid as well.

This judgment is seen as a major victory for the Kwara State Internal Revenue Service and  the beginning of recovery of all outstanding liabilities owed the Kwara State Government.

Reacting to the judgement in a statement, the Executive Chairman of KWIRS, Dr. Muritala Awodun, expressed delight at the judgement and stated that the Service, through the Legal and Enforcement department, and in collaboration with the Judiciary and Law Enforcement Agencies,  will ensure that all revenues due to the state is recovered and paid into government coffers.

FURTHER DETAILS LATER