Osun Govt Secures Court Order To Stop Segilola Operations

An Osun State High Court on Monday issued a restraining order against Segilola Resources Operating Limited stopping its operations forthwith.

This is based on an application by the Osun State Government before the court against the company.

Ruling in favour of the State Government Justice A.A Aderibigbe, ordered against Segilola Resources Operating Limited 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 or account of Osun State Government.

Recall that the Osun state government has earlier noted 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.

Osun State Government further noted that 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.