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Maroc Maroc - WORLDSTAGENEWS.COM - A La Une - 22/Sep 22:35

NEITI explains FG’s revocation of 1,263 solid minerals licences

WorldStage–  The Nigeria Extractive Industries Transparency Initiative (NEITI) has clarified that the Federal Government’s revocation of 1,263 solid minerals operational licences is aimed to sanitise and boost investment in the sector. The development is sequel to the validation of the findings of the NEITI annual sector audit report. A statement from the Presidency on Monday declared the licences revoked for various infractions, including failure to pay mandatory licensing fees and other statutory financial obligations to the government. Those affected include 584 exploration licences, 65 mining leases, 144 quarry licenses, and…

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