• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, August 30, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Osun Govt Demands Entitlements From Segilola Project

by Joshua Dada
11 months ago
in News
osun
Share on WhatsAppShare on FacebookShare on XTelegram

The Osun State government has demanded the state’s entitlements in terms of accrued taxes, environmental development levies, and proper documentation for involved parties in the Segilola gold project in the state.

Advertisement

The state government, at a press conference addressed by the special adviser to the governor on Mining and Mineral Resources, Prof. Lukman Jimoda, yesterday stressed that Osun has not received its due revenue from the Segilola project for over three years despite its bankable gold production since 2019.

He raised concerns over the Segilola gold project’s operations, managed by Thor Explorations Ltd subsidiaries, a UK-based company listed on the Toronto Stock Exchange.

According to him, government investigation revealed various unethical business practices, including alleged tax evasion, use of proxies, and failure to comply with environmental rules and regulations.

Prof. Jimoda emphasized that the Segilola project, despite its significant production since 2019, has resisted complying with extant laws like the Personal Income Tax Act (PITA) and the Company Income Tax Act (CITA), which govern tax levies.

RELATED

We Suffered In Hands Of Bandits, Kukah’s Brother Narrates Experience

Katsina Gov’t To Procure 700 Motorcycles, 20 Hilux Vans To Fight Banditry

5 hours ago
Embrace Discipline, Hard Work, NYSC DG Tasks Corps Members

NYSC To Step Up Community Policing In Orientation Camps Nationwide

5 hours ago
ADVERTISEMENT

He also expressed concerns over pollution, including particulate emissions and possible acid drains from waste rocks, which pose serious environmental risks to the state.

Also speaking, the financial consultant to the Office of Mining and Mineral Resources, Dr Wale Bolorunduro, said the allegations against Thor Explorations Ltd and its subsidiaries marked a significant moment for Osun State as the government seeks to reclaim its financial rights and ensure compliance with tax regulations.

Bolorunduro highlighted the state’s concern over the company’s alleged tax evasion and failure to comply with legal requirements, which could have severe financial implications for Osun.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Osun Government
SendShare10171Tweet6357Share
ADVERTISEMENT
Previous Post

Delta Speaker Pledges Credible Oversight

Next Post

Anambra LG Polls: APGA Suspends Members Over Anti-party Activities

Joshua Dada

Joshua Dada

You May Like

We Suffered In Hands Of Bandits, Kukah’s Brother Narrates Experience
News

Katsina Gov’t To Procure 700 Motorcycles, 20 Hilux Vans To Fight Banditry

2025/08/29
Embrace Discipline, Hard Work, NYSC DG Tasks Corps Members
News

NYSC To Step Up Community Policing In Orientation Camps Nationwide

2025/08/29
Xs.com Review: Reliable & Regulated Broker Or Risky Choice?
Business

Xs.com Review: Reliable & Regulated Broker Or Risky Choice?

2025/08/29
Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students
Business

Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students

2025/08/29
PICTORIAL: VP Shettima Represents Tinubu At Ex-VP Sambo Son’s Wedding In Kano
News

PICTORIAL: VP Shettima Represents Tinubu At Ex-VP Sambo Son’s Wedding In Kano

2025/08/29
Tinubu Excited As Nigerian Babalola Emerges As Rotary International President
News

Tinubu Excited As Nigerian Babalola Emerges As Rotary International President

2025/08/29
Leadership Conference advertisement

LATEST

Katsina Gov’t To Procure 700 Motorcycles, 20 Hilux Vans To Fight Banditry

NYSC To Step Up Community Policing In Orientation Camps Nationwide

Tinubu Declares 9th National Youth Games Open

Wolves Set To Sign Tolu Arokodare From Genk

Xs.com Review: Reliable & Regulated Broker Or Risky Choice?

Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students

PICTORIAL: VP Shettima Represents Tinubu At Ex-VP Sambo Son’s Wedding In Kano

Tinubu Excited As Nigerian Babalola Emerges As Rotary International President

How To Calculate Pips In Forex And Other Important Tips For Traders

Tottenham Sign Simons From RB Leipzig For £52m

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.