University Of Ilorin Owes N970 Million In Taxes – The University of Ilorin has been ordered to pay the sum of N970 million to the Kwara State Internal Revenue Service.
The order was given by Justice Bayo Yusuf, the presiding judge at the Kwara state High Court, dismissing an application for stay of execution by the University.
The university is to pay N100 million to the KWIRS before the 31st of May, and N50 million every month thereafter till the payment is completed. The ruling also added that the university was to pay interest accrued too.
“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,” a statement by the state government’s spokesman read.
Dr. Muritala Awodun, the Chairman of KWIRS, praised the judgement, and warned all individuals and corporate bodies to pay their taxes or avoid embarrassment.