Panel Uncovers N3Billion Tax Fraud, Contract Splitting Under University Vice-Chancellor Reinstated By Buhari Despite Corruption Allegations

The General Martin Luther Agwai (rtd.)-led Presidential Visitation Panel to the University of Lagos says the gross below deduction of Pay-As-You-Earn from workers salaries inside a interval of 5 years, has triggered Lagos and Ogun states to lose as much as N2.9 billion.

The panel acknowledged this in its report back to the Nigerian authorities on the finish of its project which centered on the administration of UNILAG between 2016 and 2020.

Panel Uncovers N3Billion Tax Fraud, Contract Splitting Under University Vice-Chancellor Reinstated By Buhari Despite Corruption Allegations 2

According to the panel, the establishment is enmeshed in corrupt practices as circumstances of contract splitting and frivolous contract awards had been detected on the establishment.

The college has but to react to the allegations contained within the panel’s report, Daily Trust stories.

The seven-member panel was constituted on twenty ninth March 2021 with the mandate to look into the affairs of UNILAG between 2016 and 2020.

The administration was at loggerheads with the fast previous Governing Council led by Wale Babalakin, SAN, which resulted within the elimination of Professor Oluwatoyin Ogundipe as Vice-Chancellor in August 2020.

Although the Vice-Chancellor, Ogundipe has since been reinstated by the Nigerian authorities, the Agwai panel in its report mentioned, “There are cases where the principal officers exceed approval limits by approving related and similar expenses that ordinarily should be a single piece of procurement.

“This could be interpreted as splitting of contracts or services for it to be within the limit of an officer and avoid rules governing big tender, breach of the Procurement and Fiscal Responsibilities Acts.”

The Presidential Visitation Panel which reported tax fraud within the ebook of the University mentioned it was not solely Lagos and Ogun that suffered from the alleged sharp practices of the college administration as junior workers members had been additionally made to bear the tax brunt whereas these on the high cadres benefitted.

The report of the panel says, “Statutory deductions of personal income tax (PAYE) were not accurately computed in the University’s staff payroll. A 5% flat rate was applied. This resulted in a heavy tax burden for the lower-income earners that are required to pay 1% of their gross salary where annual taxable income is less than 300,000. And conversely, benefited the higher and average income earners.”

The panel additionally referred to the frosty relationship between administration below Ogundipe and the fast previous governing council led by Babalakin.

The panel noticed that Babalakin who submitted a memorandum and in addition appeared earlier than it was capable of persuade members that the elimination of Ogundipe by his Council adopted due course of and that the Vice-Chancellor was given enough alternative to defend allegations of economic misdeeds levelled in opposition to him and his administration crew.

It mentioned the Council was divided alongside inside members from the college who backed the vice-chancellor and exterior members appointed by the Nigerian authorities who had been predominantly pro-Babalakin.

On the method for the vice chancellor’s elimination which the Federal Ministry of Education faulted as being flawed and upon which Ogundipe was reinstated, the panel agreed with the Council, saying it was so as.

The panel mentioned from the memorandum submitted by Babalakin and the argument he put ahead throughout his look earlier than it, due course of was noticed.

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Panel Uncovers N3Billion Tax Fraud, Contract Splitting Under University Vice-Chancellor Reinstated By Buhari Despite Corruption Allegations

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