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Court Orders Unilorin To Pay KWIRS N900million Tax Arrears

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An Ilorin High Court has ordered the University of Ilorin to settle its outstanding tax liability of N970m to the Kwara State Internal Revenue Service (KWIIRS).

The presiding Judge, Hon. Justice Bayo Yusuf, gave this ruling on Friday 13 May 2016 at the Kwara State High Court. According to him, the application for stay of execution by the Applicant (University of Ilorin) on the judgment earlier given in favor of Claimant (KWIRS) is not valid and is now subsequently dismissed by the Court.

Reading his ruling, Hon Justice Yusuf ordered that University of Ilorin being the Judgment debtor, pay N100m on or before 31 May 2016 and N50m monthly until the N970m is liquidated accordingly. He added that interest accrued on the liabilities should be paid as well.

This Judgment is seen as a major victory for the Kwara State Internal Revenue Service and the beginning of recovery of all outstanding liabilities owed the Kwara State Government.

Reacting to the judgement in a statement, the Executive Chairman of KWIRS, Dr. Muritala Awodun, expressed delight at the judgement and stated that the Service, through the Legal and Enforcement department, and in collaboration with the Judiciary and Law Enforcement Agencies, will ensure that all revenues due to the state is recovered and paid into government coffers. He advised corporate bodies and individuals with outstanding liabilities to comply immediately to save them from embarrassment.

It will be recalled that the Kwara State Government recently reformed the state revenue system and tasked the new agency, KWIRS, with a monthly target of N5b.

BIG STORY

President Tinubu Congratulates Dele Alake On 68th Birthday

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President Bola Tinubu congratulates the Minister of Solid Minerals Development, Dele Alake, on his 68th birthday.

President Tinubu celebrates his long-time ally, buddy, brother and invaluable partner for his support throughout his political journey as Senator, Governor of Lagos State, Presidential candidate and President of the Federal Republic of Nigeria.

The President says he cherishes working closely and collaboratively with Alake in more than three decades.

The President thanks Alake for his candid counseling and unwavering support, which have provided invaluable guidance during challenging times in public office.

He notes that Alake’s staying power in the various roles he has handled in his lifetime has been rooted in his honesty, passion, tact, determination and exceptional public relations.

President Tinubu is confident that the Minister will continue to uphold his high standards of excellence in service to the nation.

He joins family, friends, and well-wishers in offering prayers for Alake’s continued success and well-being.

 

 

 

 

 

 

 

 

 

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BIG STORY

Osun State Vs Segilola: Ministry Of Solid Minerals Development Probe Claims, Cautions Against Divestment

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The Ministry of Solid Minerals Development is probing the claims and counter-claims of Osun State Government and Thor Explorations Limited, owners of the Segilola Resources Operating Limited over taxation and operational matters.

The Minister of Solid Minerals Development, Dr. Dele Alake announced today that a fact-finding team has been set up to engage both parties towards resolving the dispute and restoring industrial harmony.

Led by Dr. Mary Ogbe, the Permanent Secretary, Ministry of Solid Minerals Development (MSMD), the committee will include representatives of the Federal Inland Revenue Service (FIRS), Ministry of Labour and Employment and the National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA).

The Minister observed that the Federal Government has been marketing opportunities for investments in the solid minerals sector across the world and cautioned that closure of mining operations by subnationals could abort efforts to attract Foreign Direct Investments (FDI) and provoke divestment.

“ Indiscriminate closures of mining operations by subnationals raises the risk of discouraging foreign direct investments and even worse, possible divestment by existing companies. Mining is on the exclusive legislative list. The Ministry of Solid Minerals should be consulted before such disruptive actions are taken.” Dr. Alake asserted.

The Minister reiterated the Federal Government’s interest in raising the tempo of productive activities nationwide to boost economic growth, increase employment and community development.

Dr. Alake stressed that any cessation of industrial production will undermine the goals of economic prosperity, deny workers the opportunity to earn income, and further contribute to adversity.

Alake called on both parties to co-operate with the fact-finding team and allow production to continue while the issues are resolved.

“ I hereby call on His Excellency, the Governor of Osun State, Sen. Ademola Adeleke and the management of Thor Exploration Limited to sue for peace and industrial harmony in the interest of the workers and their dependents who may be adversely affected by closure of operations at the factory.” he added.

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BIG STORY

Lagos To Ban Single-Use Plastics, Sachet Water From January 2025

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The Lagos State Government has announced plans to ban the use of single-use plastics and sachet water starting from January 2025.

Confirming the ban during a stakeholders’ workshop on the implementation of the ban on Styrofoam and SUPs for packaging in Lagos, the Commissioner for the Environment and Water Resources, Tokunbo Wahab, explained that the ban, set to begin in January 2025, is part of the government’s efforts to establish policy guidelines for plastic use, ensuring “sustainable management of plastic waste” and promoting a healthy and safe environment.

It was reported that in January 2024, the state government banned the use of Styrofoam in all government establishments and across Lagos due to the increasing levels of plastic waste and its adverse environmental effects.

However, industry stakeholders have urged the government to implement the ban in phases rather than enforcing it outright to ensure effective compliance and consider the current economic challenges.

Speaking on behalf of the industry, the Lagos chairperson of the Association for Table Water Producers of Nigeria (ATWAP), Mosaku Ololade, said, “We have been engaging Lagos State Government on the way forward and we have been sensitising our members on the planned ban.

“We want the government to continue to engage us. We are a responsible association. We are ready to work with the government.

“We have over 2,000 members in Lagos alone with over 10,000 workers. We hereby implore the government to implement the ban in phases to allow our members ample opportunity for compliance.

“There are a lot of things to be put in place before coming up with total enforcement,” Ololade said.

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