In response to the ongoing conflict between the Osun State Government and Segilola Mining Gold Limited, a magistrate court in Osogbo has ordered the immediate shutdown of the company until further notice.
The closure stemmed from allegations of a ₦60 billion in tax evasion, violations of environmental regulations, and other infractions.
Under the court’s supervision, the Osun Government has sealed off the company’s entrance, with the assistance of armed security personnel, including members of the Police Joint Task Force and Amotekun operatives.
The Nation reports that the Osun State government is determined to take action against Segilola for the alleged tax evasion and non-compliance with environmental rules.
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Segilola Mining, however, denied the allegations, asserting that it has consistently acted as a law-abiding and transparent corporate entity, fulfilling all tax obligations.
Meanwhile, a copy of motion ex-parte dated September 27th 2024 filled by the Osun State Government through the Attorney-General of Osun State against Segilola Resources Operating Limited in suit number MOS/M.531/2024 contained an order of sealing off the gold mining activities in Osun State.
The Chief Magistrate, Dr Olusegun Ayilara gave the order of the closure after the prayer of the Osun State government to the court.
The Attorney General sought for court order to seal up and lock up all the business premises of Segilola Gold Firm for violation of Tax Audit on Payee, Withholding Taxes and Development Levy, from 2019 to 2023 until the due sum is fully liquidated into Osun State Government Account.
Dr Ayilara ordered that “The Attorney-General, Osun State is hereby permitted to seal up and lock up all the business premises of Segilola Resources Operating Limited in Osun State for violating of Tax Audit on Payee, withholding Taxes and Development Levy from 2019 to 2023 until the due sum is fully liquidated into Osun State Government Account.”