Sponsored
Banking | Finance

LIRS Dragged To Court Over N1bn Fund

Sponsored
Sponsored
Industrial Training Fund and its Governing Council has dragged Lagos State Internal Revenue Service, LIRS and its Board before a Federal High Court sitting in Lagos, Nigeria, for failure to pay N1,090,628 522.00 contribution to Industrial Training Fund.
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 turn over 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 refuse to pay.
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 has not filed any  defence
Meanwhile,  the presiding Judge Oluremi Oguntoyibo, has adjourned till 19 December, 2019 for hearing.
Sponsored
Funsho Arogundade

Recent Posts

National Awards: Obasa Congratulates Alake, Omatseye, Otitoju, Other Media Professionals

Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, has congratulated some…

2 hours ago

Democracy Day: Princess Folashade Olabanji-Oba Rallies Nigerians Especially Women To Make Polling Units ‘Beacons Of Hope’ Ahead Of 2027

As Nigeria marks another historic June 12 Democracy Day, prominent political leader, Aarebirin Hon. Princess…

5 hours ago

Ikeja LG Boss, Comrade Dauda Greets Nigerians On Democracy Day

OLALEKAN ONI As Nigeria marks another Democracy Day, the Executive Chairman of Ikeja Local Government,…

5 hours ago

JMG At 28 – A Groundbreaking Trajectory from Generator Supplier to Electro- Mechanical Powerhouse

JMG Limited, Nigeria’s foremost integrated electromechanical solutions company is celebrating 28 years of innovation, growth, and industry leadership,  marking…

7 hours ago

Insight Redefini Names Babatunde Olaifa New Group CEO

Insight Redefini Group, Nigeria and West Africa’s largest integrated marketing communications network and a member…

7 hours ago

Access Holdings Chairman, Aig-Imoukhuede Says Acquisition Phase Over, Focus Shifts to Shareholder Returns

BY FUNSHO AROGUNDADE Access Holdings Plc Chairman Aigboje Aig-Imoukhuede said the group has completed 20…

8 hours ago
Sponsored