Tuesday, September 27, 2022

Ondo govt seals Nigeria’s ‘largest quarry company’, others over tax evasion

The state revenue agency said it was acting on a May 18 court order to seal the erring companies.

• June 28, 2022
Ondo State Internal Revenue Service (ODIRS)
Ondo State Internal Revenue Service (ODIRS)

The Ondo State Internal Revenue Service (ODIRS) on Tuesday sealed three companies in Ore, Odigbo Local Government Area of the state over unpaid taxes.

Speaking after sealing the companies, Adebayo Ogunsuyi, Head of Legal Department of the ODIRS, said individuals and companies were statutorily bound to pay tax to government.

Mr Ogunsuyi said the agency was acting on the State High Court order of May 18, by the Chief Judge, Justice Williams Akintoroye, that empowered it to seal the erring companies.

The affected companies were Woda Mountain Investment Ltd (A Quarry company), Ajiwogbo Sawmill and Optimal Energy filling station.

Mr Ogunsuyi noted that Woda Quarry Company, which is one of the largest quarry companies in the country, is owing the state government N217 million, and had refused to pay till date despite efforts by the revenue agency.

He added that the companies were served demand notice twice by ODIRS but were not honoured, leading to the court order that the defaulting companies be sealed.

He disclosed that the enforcement exercise would be carried out statewide. “The law states that one can be enforced based on a court order for nonpayment of tax.

“And that the affected defaulters will have to visit the ODIRS office to settle their tax liability and thereafter, proceed to court to lift the court order.

“ODIRS is deploying an aggressive approach to ensure that all taxes are collected to help the state carry out its developmental projects for the benefit of the people,” he said.

(NAN)

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