Breaking News

Osun begins Interview for shortlisted Teachers across the State | Governor Adeleke Congratulates Adeniyi on his Appointment as Chair of World Customs Council. | Osun State Marks a Groundbreaking June in Climate Leadership and Renewable Energy. | GOVERNOR ADELEKE CELEBRATES REP. OMIRIN ON HIS BIRTHDAY. | GOVERNOR ADELEKE EULOGISES SPEAKER EGBEDUN AT 40 | GOVERNOR ADELEKE EXTOLS EX-DEPUTY GOVERNOR, ERELU OBADA AT 74. | GOV. ADELEKE DECLARES FRIDAY, JUNE 27, 2025, AS PUBLIC HOLIDAY TO MARK HIJRAH 1447AH | Hijrah 1447: Governor Adeleke Felicitates with Muslim Ummah. | GOVERNOR ADELEKE GREETS CHIEF OF STAFF TO PRESIDENT, FEMI GBAJABIAMILA, AT 63. | GOVERNOR SANWO-OLU AT 60. | Osun LGs: Governor Adeleke Restates Commitment to Peaceful Resolution | Governor Adeleke Eulogises Sister, Yeyeluwa Modupeola Adeleke-Sanni on her birthday | Governor Adeleke Eulogises Sister, Yeyeluwa Modupeola Adeleke-Sanni on her birthday. | Tinubu Minister Commends Governor Adeleke for Rapid State Development | GOVERNOR ADELEKE FELICITATES OBA AKANBI AT 58. | Governor Adeleke Honoured with Award of Excellence on Climate Action at OAU International Conference. | Don’t pay Osun Local Government Fund into Private Accounts, LG Commissioner Warns CBN, AGF | OYEBAMIJI IS A FALSE ALARMIST, PEDDLING FALSEHOOD TO SHORE UP HIS DESTINED-TO-FAIL ASPIRATION– Spokesperson. | OSUN LOSES ES, COUNCIL FOR ARTS AND CULTURE AS GOVERNOR ADELEKE COMMISERATES WITH OBA ABOLARIN. | Kola Ogunwale as Chairman, College of Health Technology. | Osun Defender’s News Story On Abandonment of Unity Estate, Ido Osun; Fake and Deceitful.
cropped-osunlogo-transparent.png
Program Analyst October 6, 2024

Thors/Osun Tax Dispute: Governor Adeleke Welcomes Federal Interventions, Clarifies Osun government position

NEWS RELEASE

OSOGBO- 06/10/2024 – Osunstate.gov.ng

Governor Ademola Adeleke has welcomed the intervention of the Federal Ministry of Mines on the state’s tax disputes with Thors Explorations Limited, clarifying that the state has validated claims within the context of the Constitution and extant laws.

The Governor who had earlier reached out to the Minister of Mines, Dele Alake on phone said the state supports all efforts to drive Foreign Direct Investment into Nigeria but said investors have a duty to be transparent, obey local laws and protect the environment from degradation.

Explaining that the state government had opened discussions and negotiations with Thors Exploration since 2023 without any results, the Governor said Segilola Resources Operating Limited has an accumulated tax liabilities of N3.25 Billion with a Demand Notice issued in April, 2024.

The Governor who said Osun has the legal rights to collect tax liability also noted that Thors Explorations was operating six other companies on the site without disclosure to the state government for tax and environmental accountability purposes.

He listed the companies as follows; SINIC Engineering Limited, ATF Consulting Limited, Monument Nigeria Limited, Rabaa Cleaning Limited, Deep Rock Drilling Services and CEFO Security Limited

The Governor submitted further 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.

While lamenting the extensive environmental degradation occasioned by Thors’ mining activities in Osun state, Governor Adeleke said the company has a duty to pay for environmental reclamation even as the environment is on the concurrent legislative list.

“Osun state has a robust partnership with the Federal Ministry of Mines. Our state has several mining licenses. So we are critical stakeholders with a deep understanding of the laws and the constitution. Our action is to get what is due to our state as affirmed by extant laws and practices.

“We have a robust ease of doing business environment and we have several investors in various sectors of our state economy. We are only opposed to lack of transparency and accountability in the operation of the mining sector. Local laws must be respected and obeyed as is the practice in Europe and North America and the environment must be reclaimed.

“So we look forward to receiving the Federal fact finding team. We have prepared our position. Thors cannot hide under mining being on exclusive legislative list to avoid local tax, deny shareholders their rights and violate our environment with impunity”, the Governor was quoted as saying.

Signed:
Mallam Olawale Rasheed,
Spokesperson to Governor Adeleke.

Leave a Reply

Your email address will not be published. Required fields are marked *