Nigeria: Alleged Tax Evasion – Osun Govt Seals Off Mining Firm

In a paid advertisement signed by its Country Manager, Austin Menegbo, and published in some newspapers recently, the company insisted that as a responsible firm, it had always fulfilled its legitimate obligations to the government and the host communities.

The crisis between the Osun State Government and a mining firm – Segilola Resources Operating Limited, on Monday further degenerated as the government sealed off the company’s premises following a court order.

A magistrate court, sitting in Osogbo, presided over by Magistrate Olusegun Ayilara ordered the immediate shutdown of the company until further notice.

The company’s office, located in Iperindo community of Atakumosa East Local Government Area of Osun Statewas sealed off on Monday.

The shutdown of the mining firm was carried out by court bailiffs in collaboration with armed security personnel, including members of the Police Joint Task Force and operatives of Amotekun Security Corps.

The latest development followed an ex-parte motion dated 27 September and filed by the Osun State Government through the Attorney-General of Osun State against Segilola Resources Operating Limited in suit number MOS/M.531/2024.

The government sought a court order to seal off 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.

However, the management of Segilola Resources Operating Limited has consistently denied the allegations of tax evasion and obstruction, insisting that it has always acted as a law-abiding and transparent corporate entity by fulfilling all its tax obligations.