Oyo State Government has said it sealed Ibadan Electricity Distribution Company, IBEDC, offices over the non-payment of accumulated taxes, charges and levies worth four hundred million five hundred and forty-six thousand one hundred and eleven naira, forty-one kobo (400,546,111.41) for over two years.
The State Internal Revenue Service (OYSIRS) took the step on behalf of the Oyo State Government due to the information reached OYSIRS that IBEDC would go into receivership and may be taken over by Assets Management Company of Nigeria, AMCON.
While addressing newsmen shortly after the exercise, the Executive Chairman, Oyo State Internal Revenue Service, Mr Femi Awakan made it known that the court injunction was received before the action was taken to forestall any illegality.
Mr Awakan stated further that the enforcement exercise is a warning to other taxes and levies defaulters and those that have not made returns on their Pay As You Earn, adding that the State Government will not take it lightly henceforth.
He broke down the accumulated taxes owed by IBEDC as follows:
1. Harmonised bills, N139, 440,000.00
2. Infrastructure bills N122, 590,000.00
3. Tax Audit bills N116, 516,111.41
4. Signage bill N22, 000,000.00
All totalling N400, 546,111.41 (Four Hundred Million, Five Hundred and Forty-Six Thousand, One Hundred and Eleven Naira, Forty-One Kobo).
The enforcement exercise reached IBEDC at Ring Road, Dugbe, Monatan, Ojoo, Ibadan/Lagos express road, all within Ibadan metropolis.
The Chairman said, “We had to approach a Court of Justice so that we can collect the taxes and levies they owed, in order for the government to have enough funds to execute its programmes. The Court has given us the power to seal up their offices and premises until they pay”, he added.
Iyabo Adebisi
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