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Ministry to probe closure of mining company over tax evasion

The Ministry of Solid Minerals Development said it is probing the claims and counter-claims of Osun State government and Thor Explorations Limited, owners of the Segilola Resources Operating Limited, over taxation and operational matters.

Segun Tomori, the special assistant on media to the Minister of Solid Minerals Development, Dele Alake, disclosed this in a statement on Friday.

On 30 September, the Osun State Government sealed up the business premises of Segilola Resources Operating Limited, following a court order permitting the state to distrain the company for alleged tax violations and failure to disclose fully the employees directly and indirectly involved in its business activities, obstruction of tax processes by failing to provide timely tax information and documents.

In its statement, Mr Alake said mining falls under the exclusive legislative list, and the Ministry of Solid Minerals should be consulted before such disruptive actions are taken.

According to the statement, Mr Alake said a fact-finding team has been set up to engage both parties towards resolving the dispute and restoring industrial harmony.

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