ITF sues LIRS over failure to pay N1bn

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The Industrial Training Fund (ITF) and its governing council has dragged Lagos State Internal Revenue Service (LIRS) and its Board before a Federal High Court in Lagos, Southwest Nigeria for failure to pay N1,090,628 522.00 contribution to ITF.

In an affidavit sworn to by ITF accountant, Mr Adeleke Joseph Oyelola, the deponent averred that the defendant have more than five employees and a turnover of N50 million in its establishments and notwithstanding its statutory obligation, failed to comply with the statutory obligation of contributing to the fund.

ITF states that the defendant has never paid its statutory 1% levy of the amount on its annual pay roll to the ITF and has persistently defaulted from 2009 till date in the settlement of its liability to the fund.

ITF therefore instructed its solicitor to make a demand from the defendants, but they still refused to pay.

Deal of the day

The plaintiff averred that the defendants have no defence whatsoever to this action.

Consequently, the plaintiffs claim against the defendants are as follows: an order directing the defendants to comply with the provisions of the Industrial Training Fund Act 2011 by paying the sum assessed amounting to N1,090,628,522.00 being contribution to the fund for the period of April, 20009 to 2014 together with interest for no-payments.

The defendant, LIRS, is yet to filed a defence.

Meanwhile,  the presiding judge, Oluremi Oguntoyibo has adjourned till 19th December, 2019 for hearing.