Segilola Mining Company Remains Sealed Until Obligations Are Met – Adeleke Tells FG

Osun State Government has insisted that Segilola Mining Operations Limited, a subsidiary of Thor Exploration Limited, will remain sealed until it fulfills its lawful obligations regarding shareholding, tax evasion, and environmental degradation.
to the government.

This stance was communicated during a meeting with a fact-finding team from the Federal Ministry of Solid Minerals Development in Abuja.

Represented by his deputy, Prince Kola Adewusi, Governor Adeleke, clarified that the state government’s claims do not infringe on the company’s rights.

He emphasized that the government seeks what is due to it as stipulated by law, not royalty taxes.

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The state government also expressed readiness to cooperate with the Federal Ministry to resolve the issues.

Earlier ,in his remarks, the Special Adviser to the Governor on Solid Minerals and Mining, Professor Lukman Jimoda, revealed that the company has always reneged on its promises to remit its Pay As You Earn taxes(PAYE) on its staff for the past 18 months, as it prefers to run to Abuja whenever the call arises.

Prof. Jimoda also frowned at the failure of the company to pay any dividend on the over #5.1million shares the state government has with it.

He therefore urged the fact finding team to wade in by ensuring that the 3.2 billion naira withholding taxes together with the accumulated unpaid dividends owed by the company are remitted into the coffers of the State Government as quickly as possible.

Also speaking at the meeting, the Ogboni of Ipole, Oba Oyebade Oyele who doubles as the Chairman, Ijesa South Council of Obas, where Segilola Mining Company operates, said that no state in the country can tolerate what the company has been doing in Osun State for the past seven years.

Responding, the leader of the delegation from the Federal Ministry of Solid Minerals Development, Imam Ganiyu, appreciated the stance of the State Government on the raised issues. He maintained that it is incumbent on the company to fulfill all its obligations to the state.

He then assured that the issues will be resolved amicably without any further delay.
report.