The Kwara State High Court has ordered the University of Ilorin (Unilorin) to settle its outstanding tax of N970 million to the state Internal Revenue Service (KWIRS).
The presiding judge of the court sitting in Ilorin, Hon. Justice Bayo Yusuf, gave this ruling, saying the application for stay of execution by the applicant (Unilorin) on the judgment earlier given in favour of the claimant, KWIRS, was not valid.
In his ruling, Yusuf ordered the university to pay N100m on or before 31 May 2016 and N50m monthly until the N970 million is liquidated accordingly. He added that interest accrued on the liabilities should be paid as well.
Source: allafrica.com
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