The Obafemi Awolowo University, OAU, Ile-wife, Osun State has been sealed off by state tax officials over N1.844,770,939.45 tax default.
The amount is said to be cumulative tax assessment and other levies due to the Osun State Internal Revenue Service from the university since 2015.
The agency officials led by one Oladipo Babatunde, arrived at about 7 a.m. On Wednesday to seal the Senate Chamber and the administrative building before proceeding to seal the main gate, leaving the pedestrian gate unlocked.
The agency is said to have taken the action after the expiration of the seven-day ultimatum to the university had elapsed.
losure 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.
However, the university’s Public Relations Officer, Mr Abiodun Olarewaju, who spoke on the issue, admitted that the institution owed the tax agency but it was cumulative debt from past administrations of the school.
He said, “I must add this that the present university administration since 2017 has been paying consistently but the backlog of debt inherited from the past administration is what is causing this little problem.
“Everything will be resolved by the grace of God. The school management is assuring the public that it will soon be resolved.”