JUST IN: Benue Govt Seals Ortom’s Company, Reasons, Other Details Emerge

• The Benue State Government has shut down Oracle Business Limited and its subsidiaries for alleged tax evasion totaling N130 million over the past five years
• This action is part of a broader enforcement effort to recover unpaid taxes from corporate entities in the state.
• Tax Authorities Reject Political Motives: Sunday Odagba, acting Executive Chairman of the Benue State Board of Internal Revenue, refuted Oracle Business Limited’s claims that the tax enforcement was politically motivated

Makurdi Benue state - The Benue State Government has shut down Oracle Business Limited and its subsidiaries due to allegations of tax evasion amounting to N130 million accrued over the past five years.

The decision follows an enforcement exercise aimed at recovering unpaid taxes from corporate entities in the state.

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Tax authorities refute claims of political motivations

Sunday Odagba, the acting Executive Chairman of the Benue State Board of Internal Revenue, addressed the media regarding the enforcement, Channels Television reported.

He dismissed claims from Oracle Business Limited's management that the tax liabilities were part of a political agenda. Odagba clarified that the amount owed was initially reviewed to N38 million, which the company subsequently paid.

Company’s tax history and response

Oracle Business Limited contested the tax enforcement, suggesting that the shutdown was politically motivated due to its association with former Governor Samuel Ortom.

However, state tax officials countered by revealing that Oracle Business had not fulfilled its tax obligations for five years, despite numerous attempts to resolve the issue, Leadership reported.

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In another development, Legit.ng reported that in a dramatic development in the ongoing Benue State APC political saga, the recently dissolved Comrade Augustine Agada-led State Working Committee has achieved a significant legal victory.

The Benue State High Court has extended the interim injunction that prevents the APC from disbanding the state’s Working Committee, which Agada leads.

This decision follows an initial interim injunction issued on August 21, 2024, in Makurdi, which the National Party Executives had disregarded.

Source: Legit.ng