• Wednesday, April 24, 2024
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Oyo seals banks, hotels, petrol stations over failure to pay land use charges

Oyo seals banks, hotels, petrol stations over failure to pay land use charges

Oyo state government has sealed six hotels and four commercial banks for failing to pay land use charges.

The State government equally shut seven companies and three petrol stations.

Chairman of the state Board of Internal Revenue, John Adeleke claimed that in line with the Oyo State government’s Land Use Charge revenue demand bill, the State enforcement team sealed off these properties that have failed to pay the required taxes.

Adeleke said the exercise was targeted at ensuring that businesses live alive to their responsibilities.

He noted that this will enable the government to provide security, infrastructure, and other essentials services.

Read also: Nigeria telecom operators want review, harmonisation of 39 taxes, charges on sector

The chairman said the State government has given, as palliative, an additional 10 percent discount to complement the initial 25 percent discount on all taxes.

Adeleke added that this was to ensure that the businesses stay afloat in the face of economic realities posed by the COVID-19 scourge.

He added that the Government was poised to generate all taxes from business owners without any inimical effect on their ventures.

While saying the enforcement would continue till the end of the year, the internal revenue boss said, “the focus of the drive is not to close down or ground any business but to give a push to businesses to assist the government in creating a better business premise for them to thrive.”