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Nigeria Government Threatens To Revoke Mineral Titles Of Over 503 Defaulters, Companies

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The Federal Government has threatened to revoke after 30 days timeframe, the mineral titles of defaulters and companies which failed to pay up all their outstanding Annual Service Fees due and accrued to the Government of Nigeria.

The threat which emanated from government agency, the Nigeria Mining Cadastre Office, Ministry of mines and steel development, further named over 503 defaulters and companies, adding that all Mineral Title holders whose Mineral Titles had been previously revoked by the Office, are also required to pay up all their outstanding liabilities prior to the revocation of their Mineral Titles.

It said apart from revocation of the titles after the expiry of 30 days from the date of the publication, it will take necessary measures including legal action against such defaulters to recover all the outstanding fees or liabilities as the case may be.

According to the management of the Nigeria Mining Cadastre Office, “Notice is hereby given to the underlisted defaulters, companies and or Mineral Title holders to pay up all their outstanding Annual Service Fees due and accrued to the Federal Government of Nigeria within 30 days of this publication, failure of which shall lead to revocation of all the valid titles concerned as contained in this publication.

“Please note that, all Mineral Title holders whose Mineral Titles had been previously revoked by this Office, are also required to pay up all their outstanding liabilities prior to the revocation of their Mineral Titles in line with Section 155 of the Nigerian Minerals and Mining Act, 2007, failure of which necessary steps including legal action shall be taken against them to recover all the outstanding fees or liabilities as the case may be.

“Furthermore, it is also germane to inform all other Mineral Title holders who are in default in the performance of their statutory obligations that this Notice also serve as an Intention to Revoke their Titles for non-compliance, if for whatever reason they fail within the 30 days period prescribed in this publication to take necessary steps to remedy all their defaults, in line with section 151 (1) and (2) of the Nigerian Minerals and Mining Act, 2007 and the Regulations made pursuant to it.”

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