University of Ilorin Owes N970m as Tax, Court Orders Immediate Payment
A High Court sited in kwara state has given an order for the University of Ilorin (UNILORIN) to immediately settle it’s tax that is being owed which amounts to N970 Million to the Internal Revenue Service of Kwara State (KWIIRS).
Justice Bayo Yusuf, who is the presiding judge, gave the ruling during the weekend.
According to the judge, the application for the stay of execution by the University of Ilorin (the applicant) on the judgement that was earlier made which favors the claimant (KWIRS) isn’t valid and has been dismissed.
Justice Yusuf have give an immediate order that the University, being the judgment debtor, should pay the sum of N100 million on or before May 31st and subsequently pay the sum of N50 million monthly until the N970 million is being settle fully.
He further stated that the interest accrued on the liabilities should be paid also.