An Osun State High Court on Monday issued a restraining order against Segilola Resources Operating Limited, a mining company in the state, barring it from resuming operations.
Justice A. A. Aderibigbe declared while delivering ruling on a suit instituted by the state government, that the mining firm would remain shut until the outstanding tax owed by the firm and other levies are paid.
The court entertained the application marked HIL/M.38/2024 where the Attorney General of Osun State and the Osun State Internal Revenue Service are applicants while Segilola Resources Operating Limited is the respondent.
After listening to the counsel to the applicants, M. R Faremi in the motion ex-parte and affidavit from the state government, asking the court to stop the gold mining firm from returning to the sealed business premises, Justice Aderibigbe ruled in favour of the state government.
The certified true copy of the ruling obtained by The Point read, “Ordered as Prayed” An order of this Honourable Court is made restraining the respondent 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/account of Osun State Government.”
Recall that the Osun State Government had claimed that Segilola Resources Operating Limited has an accumulated tax liabilities of N3.25 billion 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 state government had further noted 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.
The Point had reported that the gold mining company secured an order of a Federal High Court sitting in Abuja last week, restraining the state government from disrupting activities at its firm.
