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Saturday, May 5, 2018

OAU VC speaks on closure of institution by govt

The Vice-Chancellor, Obafemi Awolowo University, Prof Eyitope Ogunnbodede, has assured the university community that the issue of tax debt will be resolved with the state government without delay.
Ogunbodede said this in a statement he signed on Friday in Ile-Ife, Osun State, even as he described the claims that the university was owing N1.84 billion of tax and has refused to negotiate with the government as false.

He further explained that the university had never failed at any point in time to remit PAYE deducted from staff salaries to the tax authorities.
He added that it was a case of under-deduction and not of non-remittance of tax.
According to him, the anomaly has since been corrected and the university employees have been paying correct tax rates since January, 2017.
“Members of the university and other stakeholders no doubt are embarrassed by the event of Wednesday, 2nd May, 2018, when the Osun State Government sealed off the main Gate of the University and the University Secretariat due to an alleged tax default by the University.
” It has become necessary to react to the claims of the state government and misinformation/total falsehoods making the rounds in the community in the aftermath of that unfortunate incident.
“In particular, the university authorities note the claim that the university was owing N1.84 billion of tax and has refused to negotiate with the government as false, malicious and total misrepresentation of the truth on this matter.
“The past tax liability, which represented the sum the IRS claimed that the university under-deducted from staff salaries for the period 2015 and 2016 for Pay As You Earn (PAYE), had been a subject of negotiations between the university and the IRS.
“The university administration “vehemently” disputed the figure of N1.844 billion submitted by the IRS and insisted that if there had been under-deduction at all, only the sum of N287 million was the amount by which PAYE was under-deducted from staff salaries

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