Oyo Govt Shuts Banks, Hotels, Companies For Not Paying Land Use Charges

Six hotels, four commercial banks, three filling stations and seven companies were on Thursday sealed by Oyo State government for failing to pay the State’s land use charges.

In line with Oyo state government’s Land Use Charge revenue demand bill, the State enforcement team shut these hospitality and financial institutions who have defaulted in paying the required tax, even after several reminder and deduction proposed by the Oyo State Government.

The properties which fall under the premises that have been captured by the Oyo State government property enumeration exercises were served bill for over 90 days and were expected to obey the Land Use Charge obligation.

According to the government of Oyo State, most of these businesses owed the State Government tons of millions, and the first phase of the exercise to seal was executed across all local governments within the Ibadan metropolis.

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In an interview with pressmen after the exercise, the Chairman of the state Board of Internal Revenue, Aremo John Adeleke stated that the exercise was targeted at encouraging the State businesses to be keen to their responsibilities to empower government provide security, infrastructure and other essentials necessary to make businesses flourish.

The chairman stated that the 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.

Aremo Adeleke added that the Government was poised to produce all taxes from business owners without any effect on their ventures to maintain economic growth in the State, adding that the enforcement would continue till the end of the year.

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“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.”

In addition, he urged to them to pay all taxes, levies and bills to government because there would economic failure when all tax payers are not prospering in their businesses.

In conclusion, he said 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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Oyo Affairs is an independent news media with the main focus on Oyo state news, politics, current events, trending happenings within and around Oyo state, Nigeria

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