The Government of Osun state on Monday has sealed up the business premises of a mining Company named Segilola Resources Operating Limited.
This followed an order from an Osogbo Chief Magistrates Court presided over by Dr Segun Ayilara, which granted the request of the State Government to distrain the company for various tax violations and failure to fully disclose the employees directly and indirectly involved in its business activities.
The state government had accused the company of failure to disclose fully the employees directly and indirectly involved in its business activities, adding that it also obstructed tax processes by failing to provide timely tax information and documents.
A statement by the State Commissioner for Information and Public Enlightenment, Mr Kolapo Alimi, obtained in Osogbo, the state capital, partly read, “Segilola Resources Operating Limited is one of the major companies carrying out mining activities and mineral exploration in the state as a subsidiary of Thors Explorations Limited listed on London and Toronto Stock Exchanges.
“After a series of demands, meetings, consultations, and engagements, the company remained adamant and remorseless in its tax evasion and other violations.
“The Attorney-General of Osun State approached the court and consequently obtained an order of the court to seal the company until the due sum calculated from 2019 to 2023 is fully liquidated into the Osun State Government account.” the statement read in part
The government expressed concerns that while some companies were making billions of naira in the state, especially in the mining sector, they had refused to give the state its lawful dues.
“While the issue of shareholding values due to the acquisition of Osun State’s interest in Tropical Mines is purely commercial, we will continue to hold the company responsible for all its actions,” Alimi added.
