The suit with reference no: M/122/2022 is between the Oyo State Board of Internal Revenue Service and the Ibadan Electricity Distribution Company IBEDC.
The IBEDC Headquarters, located on Ring Road, Ibadan was the first to be sealed by officials of the Revenue Service, followed by the office at Mobil, off Ring road and other offices at Dugbe, Ojoo-Iwo road Express and Monatan.
It was gathered that the decision to seal the offices was consequent upon the receipt of a “distraining order” of the State High Court presided over by Justice O.M Olagunju.
Though the court affirmed that the sum of N400,546,111,11 was outstanding, it agreed that payment for the sum of N226,756,000.41k was due.
The sum represents outstanding tax liability of the DISCO for the year 2021, which has become “final and conclusive.”
It was also gathered that IBEDC is equally owing other taxes including harmonised bills, infrastructure bills, Tax audit bills and Signage bills owed in the last two years.
Sources close to the government said that land use charge and tax for the year 2022 has not been presented in the bill before the court.
It was, however, gathered that the IBEDC has failed to pay any tax to the state government despite the fact that it has been receiving a monthly payment of N15 million from Oyo State government.
