Osun Govt Shuts OAU Over Alleged N1.8bn Tax Default

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Osun State Internal Revenue Service (OIRS)  on Wednesday morning shut down Obafemi Awolowo University (OAU), Ile-Ife, for its alleged failure to remit over N1.844,770,939.45 to the Internal revenue service..

New Nigerian gathered that the University was shut by officials of the Revenue Task Force led by one Mr Oladipo Babatunde that stormed  its campus at about 7:00 in the morning.

The OIRS team it was learnt on arrival sealed the Senate Chamber and the administrative building of the University  before heading to the main gate to seal it but left the pedestrian gate unlocked.

Sources close to the OIRS informed the New Nigerian that the closure of the University and other establishments in the state was as a result of the expiration of the seven-day ultimatum issued to all affected establishments by the Osun state government.

According to the OIRS team leader, the University is reportedly owing Osun state government about N1.8 billion and left with no choice than to seal the University after the management of OAU has failed  to meet up with the deadline issued to it by the revenue service.

Mr Babatunde pointed out that “the money owed by the Institution is outstanding unremitted PAYE withholding taxes and developments levy which had become due and payable since year 2015 and 2016.”

The Management of the University while reacting to the shutting down of the institution disclosed that it would soon resolve the issue with the state government.

Speaking with the New Nigerian on telephone, te Public Relations Officer of the University, Mr Abiodun Olanrewaju, said the matter will be resolved “amicably” adding  that the purported  N1.8billion  debt was inherited from the past administration of the institution.

Mr Olanrewaju added “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.” adding that
“everything will be resolved by the grace of God. The school management is assuring the public that it will soon be resolved,”


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