BREAKING: OAU Shut Down Over N1.8bn Tax Evasion
Obafemi Awolowo University (OAU), Ile-Ife, is in the news yet again for the wrong reason.
The institution has been shut down for its failure to remit over N1.844,770,939.45 by the Osun State Internal Revenue Service (OIRS).
It was shut by officials of the Revenue Task Force who arrived the campus at about 7:00 on Wednesday morning.
The team, led by one Oladipo Babatunde, sealed the Senate Chamber and the administrative building before proceeding to seal the main gate, leaving the pedestrian gate unlocked.
The closure of OAU and other establishments in the state followed the expiration of the seven-day ultimatum issued to all affected establishments by the state government.
Babatunde revealed that the institution owed the state government about N1.8 billion and they had no choice than to seal after the management of OAU refuses to meet up with the deadline issued to them.
The institution was shut by officials of the Revenue Task Force who arrived the campus at about 7:00 on Wednesday morning