An Ilorin High Court has ordered the University of Ilorin (UNILORIN) to settle its outstanding tax liability of N970 million to the Kwara State Internal Revenue Service (KWIIRS).
The presiding judge, Justice Bayo Yusuf, gave the ruling at the weekend.
According to him, the application for stay of execution by the applicant (University of Ilorin) on the judgment earlier given in favour of claimant (KWIRS) is not valid and is dismissed.
Justice Yusuf ordered that University of Ilorin, being the judgment debtor, should pay N100 million on or before May 31 and N50 million monthly until the N970 million is liquidated.
He said interest accrued on the liabilities should be paid as well.