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Home»Business

Revocation of 1,633 Mineral Titles: Minister Issues Strong Warning

Editor FrancisBy Editor FrancisNovember 22, 2023Updated:November 22, 2023 Business No Comments2 Mins Read
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In a press conference held in Abuja, Solid Minerals Development Minister Dele Alake declared the revocation of 1,633 mineral titles, emphasizing that operators failing to comply would face apprehension and prosecution. The decision followed a 30-day notice, with only 580 out of 2,213 defaulters settling their dues.

Alake highlighted the publication of defaulters’ notice in the Federal Government Gazette, citing the expiration of the mandatory 30-day period on November 10, 2023. He stressed that the Mining Cadastre Office recommended the revocation after only a fraction responded by settling their indebtedness.

The Minister, invoking the NMMA 2007, Section 5 (a), underscored the need for compliance and fairness in the mining sector. He criticized corporate entities making substantial profits from mining for evading their annual service fees, considering the modest amounts compared to their revenue projections.

Alake warned against violations and non-compliance, emphasizing the intention to set examples for others. He disclosed that the revocation affected various titles, including exploration licenses, small-scale mining licenses, quarry licenses, and mining leases.





Additionally, the Minister addressed the issue of illegal mining, asserting a crackdown by security agencies. He cautioned illegal miners, emphasizing a new approach and collaborative efforts with the military to clear sites before deploying mining police. Alake warned of imminent actions against those defaulting in payments, fees, royalties, and taxes, signaling ongoing efforts to sanitize the sector.

He concluded, “There is a new Sheriff in town,” signaling a strong stance to uphold regulations and enforce accountability in the mining industry.

#Mining Sector Dele Alake
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