Oyo govt seals 4 banks, 6 hotels, others for defaulting Land Use charges



Oyo state governor Makinde

The Chairman of Oyo state Board of Internal Revenue, Aremo John Adeleke, on Friday disclosed that the state government has shut six hotels, four commercial banks, three filling stations and seven companies for defaulting from paying the State’s land use charges.

Aremo Adeleke who stated this while speaking with journalists, said the action was in line with the Oyo state government’s Land Use Charge revenue demand bill.

According to Aremo Adeleke, the State enforcement team sealed off these hospitality and financial institutions after failing  to pay the required tax, even after several reminder and discount offered by the Oyo State Government, adding that the sealed properties were served bill for over 90 days and were expected to comply with the Land Use Charge obligation.

He pointed out that “most of these businesses owed the State Government tons of millions, and the first phase of the exercise to seal was carried out across all local governments within the Ibadan metropolis and that the exercise was targeted at urging the State businesses to be alive to their responsibilities to enable government provide security, infrastructure and other essentials necessary to make businesses thrive.

“The focus of the drive is not to close down or ground any business but to give a push to businesses to assist government in creating a better business premise for them to thrive.” , he said

Stressing that Oyo state government has given, as palliative, an additional 10% discount to complement the initial 25% discount on all taxes to ensure that the businesses stay afloat in the face of economic realities posed by the COVID 19 scourge, the Chairman Oyo state Board of Internal Revenue stated  that the government was poised to generate all taxes from business owners without any inimical effect on their ventures to sustain economic growth in the State, adding that the enforcement would continue till the end of the year.

While appealing to business owners in Oyo state to pay all taxes, levies and bills to government because there would not be economic growth when all tax payers are not thriving in their businesses, Aremo Adeleke hinted

that the State government has increased its internal revenue by over 26% and that the State was on a growth trajectory, which makes it easy for the Government to give business palliative of 35% discount on taxes to increase the capacity of businesses to pay.

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