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Despite interventions of the Nigerian federal government led by the Ministry of Solid Minerals, in resolving the dispute between Osun State government and Segilola Gold mining company, the state has secured a court order allowing the continued stoppage of operations of the Segilola Gold company in the state.
While ruling in favour of the state government Justice A.A Aderibigbe, ordered against Segilola Resources Operating Limited from resuming, performing, operating her business in Osun State until all her outstanding tax (Payee) accruable from 2019-2023, and development levy payable to Osun State are fully liquidated or paid into the covers or account of Osun State Government.
It would be recalled that the Osun state government stated that Segilola Resources Operating Limited has an accumulated tax liabilities of N3.25billion with a Demand Notice issued in April, 2024 adding that Thors Explorations was operating six other companies on the site without disclosure to the state government for tax and environmental accountability purposes.
The Osun State Government further noted that that Thor Exploration Limited confirmed that Osun has Five Million, One Hundred and Ninety Two Thousand, Eight Hundred and Ninety Six units of shares of Thor Exploration, United Kingdom, insisting that Osun is entitled to collect financial implications to date as a shareholder.
Earlier, in a post signed by the minister of solid minerals, Dele Alake and posted on his X platform, the federal government warned against “chasing investors away from the country through harsh decisions”.
“The Ministry of Solid Minerals Development is looking into the claims and counter-claims between the Osun State Government and Thor Explorations Limited, the owners of Segilola Resources Operating Limited, regarding taxation and operational issues.”
“To address this dispute and restore industrial harmony, I have set up a fact-finding team. This team will be led by Dr. Mary Ogbe, the Permanent Secretary of the Ministry, and will include representatives from the Federal Inland Revenue Service (FIRS), the Ministry of Labour and Employment, and the National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA).”
