Osun Shuts OAU Over 1.8 Billion PAYE

By Sodiq Lawal The Osun State Internal Revenue Service has closed down the Obafemi Awolowo University OAU, Ile-Ife over an alleged non-payment of taxes.

The official of IRS arrived the campus exactly 7:00am. Our correspondent gathered that officials of the revenue agency swooped on the university and sealed the Senate building, the administrative block and the bursary,the main gate along read seven but the lecture rooms and hostels were said to have been left untouched by the tax collectors.

Confirming the closure, Mr Oladipo Babatunde who led the team confirmed the closure saying the institution owed the state government about N 1.8 billion.

It would be recalled that the state government had earlier issued seven days ultimatum to the companies that owed the state government.