The Ministry of Solid Minerals Development, under the Federal Government, has cancelled 1,633 mineral titles granted to mining companies that didn’t comply with regulations.
Dele Alake, the Minister of Solid Minerals Development, revealed this during a press conference in Abuja, stating that the revocation was a result of these companies’ failure to pay the required annual service fees of N1,500 per cadastral unit.
He said, “The Mining Cadastre Office has recommended revoking 1,633 mineral titles: 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.”
Earlier in March this year, the Federal Government sent notices to 4,011 mineral title holders, citing their purported non-payment of obligatory annual service fees.
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