Osun Govt’s claims of tax evasion, unethical Practices Against Segilola Resources Operating Ltd, Not True – Country Manager

The management of Segilola Resources Operating Limited, has refuted the claim by the Osun State government that it engaged in tax evasion and other unethical business practices,

This was contained in a statement signed by the company’s Country Manager, Austin Menegbo and made available to newsmen on Thursday.

The Osun State government had at a press conference in Osogbo accused Segilola Resources Operating Limited, a subsidiary of Thor explorations Limited, of tax evasion and other unethical operation practices, thereby threatening to petition the company.

In swift reaction, the company described the allegations as untrue, adding that it “has consistently demonstrated a commitment to being a law-abiding,
transparent corporate entity, fulfilling all tax obligations and royalty payments in full and on time.”

The statement reads in part: “We maintain detailed records and have receipts for all royalty payments made to the Federal Government, as well as tax remittances to the State Government. These documents are readily available for verification.

“The claims of environmental and operational non-compliance are not true as we have sufficient evidence to
prove that we have followed all necessary protocols for environmental assessments and regulatory filings,
including environmental compliance monitoring and mitigation of potential environmental impacts.

“In addition, we are regularly audited by the Federal Ministry of Environment and the Ministry of Solid Minerals Development and to date, there has been no claim of pollution or environmental violations against the company.

“As one of Nigeria’s leading mining companies, we remain committed to contributing to the economic growth of
the state and the country while adhering to the highest ethical and operational standards.

“We shall continue to maintain an open line of communication with relevant authorities to ensure that our operations are aligned with both federal and state laws.”