The Board of Internal Revenue in Oyo State have sealed over 50 companies over failure to pay two-three years of outstanding professional and business registration and renewal fees.
The companies affected include conglomerates, banks, telecommunication outfit, hotels, events center and some merchant’s outfits located in Ibadan, the Oyo State Capital.
The week-long exercise commenced with banks located along Dugbe road sealed. In Oke-Ado, ring road and other parts of Ibadan South West local government area a major telecommunication outfit, hotels and events centres, a major beverage producing company and some private companies were sealed.
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Chairman, Board of Internal Revenue in the state, Mr Bicci Alli told journalists in Ibadan on Thursday that it is essential for business owners to develop the culture of compliance of paying taxes promptly.
He said the corporate…
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