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Over 2,500 mining leases to be revoked

Over 2,500 mining leases to be revoked

Business
Over 2,500 solid mineral titleholders have defaulted in the payment of their yearly service fees to the Federal Government. The Nigerian Mining Cadastre Office (MCO) made public names of the defaulters and warned that their titles would be revoked. In the report seen by The Guardian, 135 mining lease companies, 767 exploration license companies, 1,173 small-scale mining lease companies and 688 quarry lease companies are on the list. The Cadastre office urged the defaulters to pay up before February 10, 2021, or have their titles revoked. The report added that all mineral titleholders whose mineral titles had been previously revoked were required to pay their outstanding liabilities prior to the revocation of their titles. “Notice is hereby given to the under listed defaulters, ...