Oduduwa University Ipetumodu, a private tertiary institution located in Ife North area of Osun State has been sealed off by the Osun State Internal Revenue Service on Monday over non-remittance of 173 million income taxes.
According to Femi Balogun, the Senior Special Assistant to the Governor on Revenue said: “ The tax liabilities covered back duty liability from 2006-2011 and the enforcement is the last stage of any tax process which is in line with Section 104 sub section (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 added.
He advised the university to do what is right by paying up its tax liability to avoid prosecution in a court of law and urged all tax payers and companies with outstanding tax liabilities to settle their tax issues to avoid embarrassment.
