EKSU pays inherited tax of N203m to state revenue service

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EKSU pays inherited tax of N203m to state revenue service

The Vice Chancellor of the Ekiti State University (EKSU), Ado-Ekiti, Prof. Eddy Olanipekun, has disclosed that the university has paid a sum of N203, 206,812.62 to the coffers of the State’s Internal Revenue Service out of the unremitted tax he inherited from his predecessor, Prof. Samuel Oye Bandele.

Olanipekun faulted the claim by Acacdemic Staff Union of Universities(ASUU) that the current Governing Council, led by Prof.Tale Omole lacks the capacity to turn around the institution and to resolve some of the problems confronting the ivory tower.

ASUU, had last week descended on the management and governing council, accusing the duo of incompetence in the running of the university among other damning allegations bordering on fraud it raised against the authorities.

Olanipekun, in a statement signed by the Director of Information and Head, Director of Information andCorporate Affairs, Bode Olofinmuagun, on Sunday, clarified that the COVID-19 pandemic has brought a shortfall in the finances of the institution and caused inability to meet some of its obligations to the staff.

“It is a well known fact that Professor Samuel Oye Bandele as Vice Chancellor did not remit these Pay As You Earn (PAYE) deductions to the Internal Revenue Service during his tenure.

Read more: The Sun

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