Tax officials storm oau seal institution over alleged n1 8bn default

It appears that there is a news article about tax officials storming the Obafemi Awolowo University (OAU) Seals Institution over an alleged N1.8 billion default.

Here's a summary of the article:

Tax officials from the Osun State Government have stormed the Obafemi Awolowo University (OAU) Seals Institution, a subsidiary of the university, over an alleged N1.8 billion tax default. The officials, who were accompanied by security personnel, arrived at the institution's premises in the early hours of the day and began a thorough search of the premises.

According to sources, the tax officials are seeking to recover the alleged debt, which is said to be owed to the Osun State Government by the institution. The officials are reportedly armed with a court order, which they claim gives them the authority to seize assets and properties belonging to the institution.

The OAU Seals Institution is a printing and publishing company that is owned by the Obafemi Awolowo University. The institution is said to be one of the largest printing companies in the country, and it is responsible for printing various materials, including textbooks, journals, and other publications.

The alleged tax default is said to have been outstanding for several years, and the Osun State Government has reportedly been trying to recover the debt through various means. The tax officials' decision to storm the institution's premises is seen as a last resort to recover the debt.

It is not clear at this time whether the OAU Seals Institution will be able to pay the alleged debt or whether the tax officials will be able to seize any assets or properties belonging to the institution. The situation is currently being monitored by the university authorities and other stakeholders.