College of Education, Ikere-Ekiti Closed Over Tax Fraud

The College of Education, Ikere-Ekiti has been shut and some principal officers of the institution arrested by the Federal Inland Revenue Service for not remitting about N6.7 million tax arrears.

The FIRS enforcement team, led by Mr. Olugbenga Adepesoye, stormed the institution and sealed it around 10:30 am on Wednesday in a joint operation with the Ekiti State Police Command.

Speaking with journalists after the operation, the Ekiti State Monitor, Mr. Olugbenga Adegoke, said, “We came here because of the arrears of value added tax and withholding tax that the institution is owing us.

“The assessment period is between 2002 and 2007. The reconciliation was done around May 2008. It was about N12 million. Since then, the institution only paid over N5 million. The outstanding is N6.7 million”, he said.

The arrested Principal Officers were the Provost, Prof. Francesca Aladejana; Registrar, Mr. Gbenga Ojo, and the Bursar, Mr. Kayode Ige.

However, the three officials accompanied by their lawyer were later released around 1pm after extracting commitments from them at the FIRS State Office.