✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live
SPONSOR AD

FG revokes 1,633 mining licences

The Minister of Solid Minerals Development, Dele Alake has revealed that the federal government revoked 1,633 mineral titles over unpaid annual fees. Alake, who stated…

The Minister of Solid Minerals Development, Dele Alake has revealed that the federal government revoked 1,633 mineral titles over unpaid annual fees.

Alake, who stated this Tuesday at a press briefing in Abuja noted that the number of revoked licences this year is less than the 3,402 mineral titles revoked in 2022.

Alake said the Nigerian Minerals and Mining Act (NMMA) 2007 requires mining operators to pay an annual service fee at a fixed rate but some firms are not complying with this law.

The minister noted that the amount required annually is as low as N1500 for cadastral units not more than 200 units.

“In compliance with the law, the MCO on October 4, 2023, began the process of revoking 2,213 titles. These included 795 Exploration titles, 956 Small Scale Mining Licences, 364 Quarry licences and 98 Mining Leases. These were published in the Federal Government Gazette Number 178, Volume 110 of October 10, 2023, with the notice of revocation for defaulting in the payment of the Annual Service Fee.

“The mandatory 30 days expired on November 10, 2023. Only 580 titleholders responded by settling their indebtedness. With this development, the MCO recommended the revocation of 1, 633 mineral titles as follows: Exploration Licence, 536; Quarry Licence, 279; Small Scale Mining Licence, 787 and Mining Lease, 31.

“In line with the powers conferred on me by the NMMA 2007, Section 5 (a), I have approved the revocation of the 1,633 titles.” The minister explained.

He warned that anyone whose licences have been revoked should vacate mining sites to avoid arrest.

 

LEARN AFFILIATE MARKETING: Learn How to Make Money with Expertnaire Affiliate Marketing Using the Simple 3-Step Method Explained to earn $500-$1000 Per Month.
Click here to learn more.

AMAZON KDP PUBLISHING: Make $1000-$5000+ Monthly Selling Books On Amazon Even If You Are Not A Writer! Using Your Mobile Phone or Laptop.
Click here to learn more.

GHOSTWRITING SERVICES: Learn How to Make Money As a Ghostwriter $1000 or more monthly: Insider Tips to Get Started. Click here to learn more.
Click here to learn more.

SECRET OF EARNING IN CRYPTO: Discover the Secrets of Earning $100 - $2000 Every Week With Crypto & DeFi Jobs.
Click here to learn more.