SROL Applauds Ministerial Fact-finding Report, Commits To Osun Dev’t

Segilola Assets Working Restricted (SROL) has applauded the findings and proposals outlined within the report of the Inter-Ministerial Reality-finding Committee on the tax and different disputes between it and the Osun State authorities.

That is even because it stated that it was dedicated to the event of Osun State.

At a productive assembly held on Tuesday, March 25, 2025, in Abuja, with all related events, the report was formally launched to SROL.

Reacting to the event, Nation Supervisor, Segilola Assets Working Restricted, Austin Menegbo, lauded the minister of Stable Minerals Growth, Dr. Henry Dele Alake, and the Reality-finding Committee in facilitating the thorough evaluation and fostering a decision course of grounded in equity and transparency.

“Importantly, the report affirms what we’ve got maintained from the outset – SROL has acted in full compliance with its authorized and regulatory obligations, and the allegations of wrongdoing had been unfounded.

“Following the acquisition of the Segilola Gold Venture by Thor Explorations Ltd (SROL’s dad or mum firm), in August 2016, Thor issued 5,192,869 odd shares. These shares have since been a part of the corporate’s odd shares and don’t have any preferential rights. The share certificates had remained in custody of Tropical Mines Restricted, with the State’s data. As we speak, representatives of TML formally handed over the share certificates to His Excellency, Governor Ademola Adeleke,” Menegbo identified.

Moreover, Menegbo famous that the report confirmed that the N3.2 billion tax bill was not legitimate because the Committee advisable that the revised tax bill of N98,347,105.18, issued on September 23, 2024, must be topic to a closing reconciliation course of to facilitate an amicable decision.

On the problem of the setting, the SROL nation supervisor burdened that the report confirmed that, there was no proof of any environmental degradation on the a part of Segilola and thus, there was no foundation for the declare for added environmental levies.

Whereas the report addressed the important thing considerations, Menegbo stated the corporate remained open to continued engagement with the Osun State Authorities to resolve any excellent issues amicably and in good religion.

Segilola reaffirmed its dedication to its host communities and strengthening its social license to function by implementing related Company Social Accountability (CSR) initiatives in Osun State, along with its numerous impactful Neighborhood Growth Settlement (CDA) and Livelihood Restoration Programme (LRP) initiatives.

Segilola’s neighborhood initiatives embody: training and youth empowerment programmes, building and renovation of faculties, together with provision of scholarships to secondary and tertiary establishments, sponsorship of talent acquisition workshops for youth and girls, healthcare initiatives, infrastructure improvement, Sustainable Livelihood Restoration Packages (LRP), amongst others.