Compliance and Taxation: A Clear Path Forward
Let’s step into the world of compliance for a moment—a landscape where rules and regulations govern our actions, ensuring the stability and fairness of corporate ventures. The recent report, diligently compiled, throws light on the path Segilola Resources Operations Limited (SROL) has been traversing. It reassures us of one thing: SROL has stoically adhered to its legal and regulatory obligations—a fact we held firm from the very beginning. The numerous allegations of misconduct have been proven hollow. This echoes the age-old wisdom of Shakespeare, “Truth will out.”
Osun State and Its Stakes in Thor Explorations Ltd
The narrative takes a significant turn back to August 2016 when Thor Explorations Ltd, the helm steering SROL, acquired the Segilola Gold Project. A bounty of 5,192,869 ordinary shares was issued, each one devoid of preferential rights yet forming the backbone of the company’s share structure. It’s intriguing how these shares were safeguarded by Tropical Mines Limited, all along under Osun State’s watchful eye. In an official ceremony, these shares were entrusted to Governor Ademola Adeleke, serving as a symbolic bridge of cooperation between past ventures and future potentials.
Of Tax Invoices and Environmental Harmony
The tax landscape sometimes resembles a jigsaw puzzle. Initially, a substantial ₦3.2 billion tax invoice was brought into question. However, it’s encouraging to note the report’s findings that paved the way for a revised and significantly moderated tax invoice amounting to ₦98,347,105.18, proposed on 23rd September 2024. This calls for a calculated reconciliation, ensuring all parties sit rightly aligned on the mosaic board of financial fairness.
Could we harbor silent fears about the environment amidst gold glint and corporate ambitions? The report might just put these to rest. There appears no evidence pointing fingers at Segilola for any environmental misdeeds. Thus, discussions about extra environmental levies dissolve, much like mist in a morning sun.
While these detailed findings address pivotal concerns, SROL remains open-hearted and receptive to deeper engagements. It seeks harmonious ties with the Osun State Government, a journey of jointly weaving patterns of goodwill and trust, an echo of Nelson Mandela’s profound words, “If you want to make peace with your enemy, you have to work with your enemy. Then he becomes your partner.”
Further Insights Await
To delve into the finer details and recommendations marked by the Inter-Ministerial Fact-Finding Committee, our digital pathway—our website—grants full access. A tailored link awaits to lead you through insights preserved on pages 15-19: https://srol.com.ng/home/anevent/399.
Social Responsibility as a Catalyst for Growth
Segilola’s compass points towards community and sustainability. It’s a mission deeply rooted in structuring Corporate Social Responsibility (CSR) initiatives that uplift and empower Osun State. The community stands central, as we unfurl initiatives reflecting both our gratitude and commitment:
1. Education and Youth Empowerment Programs
- Schools rise anew, renovations breathe life, and scholarships offered create bridges to dreams yet unseen.
- Skills unfold through workshops, equipping youth and women, the beating heart of any society.
2. Healthcare Initiatives
- Medical centres stand rejuvenated, equipped, and staffed with skilled hands. Programs flourish, combatting disease at its roots.
- In 2024, SROL embraced a second wave of medical outreach, nurturing with consultations, diagnostics, and compassion-laden interventions.
3. Infrastructure Development
- Roads evolve, the veins through which prosperity flows. In communities, lights of 150 solar installations twinkle like earthly stars.
4. Sustainable Livelihood Restoration Programs (LRP)
- Influencing the rhythm of village life through support for vegetable and fish farms as well as cocoa regeneration projects, enveloping it all with well-deserved compensations.
Each initiative reflects Segilola’s unyielding commitment to sustainability, community development, and shared prosperity. Together, let’s steadfastly mold the future of Osun State alongside Nigeria’s growing mining realm.
Edited By Ali Musa
Axadle Times International–Monitoring.
