The Osun State Internal Revenue Service yesterday sealed off the Oduduwa University, lpetumodu, Ile Ife, over alleged tax default of N173 million.
The senior special assistant on revenue to the state governor, Femi Balogun, told journalists that the university authorities defaulted in the remittance of personal income taxes of its workers.
Balogun, who led the team that sealed off the institution, said the tax liabilities covered back-duty liability from 2006-2011.
He said the enforcement effort was the last stage of any tax process and was in line with Section 104 sub section 1 and 2 of Personal Income Tax Act as amended.
According to him, “Tax payment is a law and a civic responsibility of all and sundry. lt is through this effort that government will provide enabling environment such as infrastructure and security.”
He said the state government would henceforth stop at nothing to ensure that everybody performs his or her civic obligations and urged the university authorities to do the needful by paying up its tax liability to avoid prosecution in a court of law as stipulated by Section 99 of Personal Income Tax Act as amended.