OSUN SEALS MINING COMPANY FOR TAX VIOLATIONS
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The government of Osun State on Monday said that Segilola Resources Operating Limited’s commercial premises had been shut.
The action was taken in response to an order from the Osogbo Chief Magistrates Court, which was chaired by Dr. Segun Ayilara. The court had granted the State Government’s request to halt the company’s operations due to a number of tax infractions.
The company was charged by the government for not disclosing all of the workers who were directly or indirectly involved in its operations and for impeding tax procedures by not submitting tax information and documentation on time.
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 administration voiced worries that some businesses, particularly in the mining industry, were profiting billions of naira in the state but were failing to pay the state what was rightfully theirs.
“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 stated.
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