The Chairman, Lagos Board of Internal Revenue and Chief Executive, Lagos Internal Revenue Service (LIRS), Mr. Olufolarin Ogunsanwo has been compulsorily retired from office. He was reportedly relieved of his duties on Friday, August 26, 2016, and had handed over to the Director, Tax Audit, Mrs. Akintola Bolaji.
According to a report by Sahara Reporters, the sack was communicated in an internal memo, dated 26 August, 2016, and signed by the LIRS Board Secretary, J. Aina. In the internal memo, Ogunsanwo’s departure from the revenue collection agency was labelled as “compulsory retirement.”
Sahara Reporters also reported that Ogunsanwo’s exit from the agency was not news to staff of the agency, as all indications had been gearing up towards that conclusion. According to the report, Ogunsanwo could not account for about N4.2 billion belonging to the agency.
The development reportedly earned him a query from Governor Akinwunmi Ambode, who was not impressed with Ogunsanwo’s response. He was however told to proceed on compulsory leave pending the conclusion of investigations into the sum unaccounted for.
During investigations, Ogunsanwo reportedly returned N1.2 billion of the missing sum which placated Ambode and resulted in the dressing up of his sack as ‘compulsory retirement’.