An Ilorin High Court has ordered the University of Ilorin to settle its outstanding tax liability of N970million to the Kwara State Internal Revenue Service (KWIIRS).
The trial Judge, Hon. Justice Bayo Yusuf, gave this ruling on Friday 13 May 2016 at the Kwara State High Court.
This followed the dismissal of the University of Ilorin application for stay of execution on the judgment earlier given in favour of the Kwara Internal Revenue Service, (KWIRS) which is the Claimant in the suit.
Hon. Justice Yusuf declared the University of Ilorin application as invalid subsequently dismissed it.
The court thereafter ordered that University of Ilorin being the Judgment debtor to pay N100m on or before 31 May 2016 and N50million monthly until the N970million is liquidated accordingly.
He added that interest accrued on the liabilities should be paid as well.
Reacting to the judgment in a statement, the Executive Chairman of KWIRS, Dr. Muritala Awodun, described it as the beginning of recovery of all outstanding liabilities owed the Kwara State Government.
The State Revenue Boss promised to ensure that all revenues due to the state were recovered and paid into government coffers.
Awodun explained that the task would be done through the Legal and Enforcement department, and in collaboration with the Judiciary and Law Enforcement Agencies,
He advised corporate bodies and individuals with outstanding liabilities to comply immediately to save them from embarrassment.
It could be recalled that the Kwara State Government recently reformed the state tax system and tasked the new agency, KWIRS, with a monthly target of N5billion.