ITF DRAGS LIRS DRAGGED TO COURT OVER FAILURE TO PAY N1BILLION FUND - Islanders Magazine

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Thursday, 21 November 2019

ITF DRAGS LIRS DRAGGED TO COURT OVER FAILURE TO PAY N1BILLION FUND

Industrial Training Fund and its Governing council has dragged Lagos state internal Revenue service and its Board before a Federal High Court sitting in Lagos south west 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 N50million 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 19th December, 2019 for hearing

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