Skip to content
Ova News NG

Ova News NG

Ova News feed Aggr. V2

Primary Menu
  • HOME
  • NEWS
  • ENTERTAINMENT
  • SPORTS
  • POLITICS
  • WORLD NEWS
  • LIVE FOOTBALL SCORES
  • WATCH
  • Home
  • NEWS
  • FG Terminates 1,263 Mineral Licenses Over Fee Default
  • NEWS

FG Terminates 1,263 Mineral Licenses Over Fee Default

ovanews 1 year ago 2 min read
Share:

FG Terminates 1,263 Mineral Licenses Over Fee Default

The Nigerian Federal Government, through the Ministry of Solid Minerals Development, has terminated 1,263 mineral licenses due to non-compliance with annual service fee payments.

These licenses will be removed from the Nigerian Mining Cadastral Office’s Electronic Mining Cadastral System.

The revoked licenses comprise 584 exploration permits, 65 mining leases, 144 quarry permits, and 470 small-scale mining leases.

Dele Alake, the Minister of Solid Minerals Development, announced the decision in a statement released by his media aide, Segun Tomori, in Abuja on Sunday. The minister noted that the revocation targets companies that failed to meet their financial obligations, aiming to deter speculative practices and attract serious investors.

This action increases the total number of revoked mineral titles under the current administration to 3,794, including 619 licenses revoked for unpaid fees and 912 for inactivity in the previous year.

The minister emphasised that this move will open up opportunities for new investors by freeing previously held areas.

He stated, “The era of obtaining licences and keeping them in drawers for the highest bidder, while financially capable and industrious businessmen are complaining of access to good sites, is over. The annual service fee is the minimum evidence that you are interested in mining. You don’t have to wait for us to revoke the license because the law allows you to return the license if you change your mind.”

Alake also clarified that the revocation does not absolve licensees of their outstanding debts, which will be reported to the Economic & Financial Crimes Commission for enforcement. The statement read, “Not less than 1,263 mineral licenses will be deleted from the portal of the Electronic Mining Cadastral system of the Nigerian Mining Cadastral Office, MCO, following their revocation by the Federal Government.”

Simon Nkom, Director-General of the MCO, revealed that 1,957 licenses were initially flagged for revocation, as published in the Federal Government Gazette on June 19, 2025. The MCO distributed the gazette nationwide to inform licensees and allow a 30-day compliance period, as stipulated by the Minerals and Mining Act 2007. Delays in finalising the recommendation stemmed from reconciling payments made by some licensees via the Remita platform.

Nkom earlier indicated that further license revocations are part of ongoing efforts to sanitise the solid minerals sector, ensuring only genuine investors operate. These reforms, initiated under the Tinubu administration, aim to enhance compliance and protect the sector from fraudulent activities, with significant positive outcomes despite resistance from defaulters.

Share:

Related:

  • NNPC to deploy 70 smart stations nationwide
    NNPC to deploy 70 smart…
    NEWS
  • US trade barriers report: Customs tackles port bottlenecks
    US trade barriers report:…
    NEWS
  • 2027: Northern governors rally support for Tinubu
    2027: Northern governors…
    NEWS
  • Nigeria’s rebased economy must translate into industrial growth — Minister
    Nigeria’s rebased economy…
    NEWS
  • Avoid women who cannot support you in financial difficulties – Content creator, Anita
    Avoid women who cannot…
    ENTERTAINMENT

Post navigation

Previous Martinelli’s Stoppage-Time Strike Saves Arsenal in Dramatic 1-1 Draw with City
Next PETROAN Urges FG to Seek Foreign Partnership for Port Harcourt Refinery

Recent

Delta primary school pupils seen scooping water from flooded classroom

Delta primary school pupils seen scooping water from flooded classroom

Igbo Day: Ohanaeze unveils charter for unity

Igbo Day: Ohanaeze unveils charter for unity

Army vows to protect critical energy assets

Army vows to protect critical energy assets

MPR cut should bring cheaper credit — MAN

MPR cut should bring cheaper credit — MAN

Delta health workers suspend strike over uniform allowance

Delta health workers suspend strike over uniform allowance

Harvey Weinstein resentenced to 15 years in prison for 2006 sex assault

Harvey Weinstein resentenced to 15 years in prison for 2006 sex assault

SECTIONS

  • ENTERTAINMENT
  • FOOTBALL
  • NEWS
  • POLITICS
  • SPORTS
  • WORLD NEWS
  • LIVE FOOTBALL SCORES ⚽ ⚽ ⚽

Hey There!!., Get all Latest Ova News Feeds on the Go! 👋

Sign up to receive all Our latest News content Recap in your inbox every weekend.

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

Quick Links

  • News
  • Entertainment
  • Live Football Scores
  • Premier League Scores

Legal

  • About
  • Terms of Use
  • Privacy Policy

Connect with Us

  • News Media Partners
  • Contact Us
  • Advertise
Copyright © 2025 Ova News Network | Created by Ben Ova O. | All Rights Reserved. | Magnitude by AF themes.
pixel