Business
NMCO Revokes 3,402 Mining Titles
The Nigeria Mining Cadastre Office(NMCO) has said it has revoked titles of 3,402 companies for defaulting on the terms of their licences and operations.
Director General of NMCO, Mr Obadiah Nkom, who disclosed this in a statement, noted that the revocation was as a result of the companies failing to make use of their licenses.
“NMCO revoked the mining rights of companies that were not using their licences for operations, and the office has generated over N3.7 billion in 2022.
“We are very transparent; and if you need the Certified True Copy of any document, an application belonging to anybody or any licence or whatever, the law permits us to give it to you.
“Because anything we are doing can be a subject of litigation; like we said, in terms of revoked titles, recently, we published a list of defaulters numbering 3,032 and we have revoked titles of 3,402.
“And, we equally have people that have grants; they have been communicated, but when you cancel it, you see lawyers writing us about following the provisions”, the DG said.
Nkom also said some applicants who applied for licences were yet to collect them, and that these defaulters be gazetted before action would be taken.
“You send letters to the applicants’ address; and if after 30 days, he does not remedy the defect, you revoke your gazette. As much as we appreciate the communication.
“Some people will look for windows for excuses to give at the court, but once it is on the gazette, we ensure we put it on our website so that you don’t have any excuses.
“The gazette is final; we now have those ones to arm ourselves so that at the end of the day, we know what it is to lose a case,’’ he said.
By: Corlins Walter
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
-
News3 days agoHerders, Farmers Clashes: Monarch Tasks Tinubu, Govs On Reconciliation
-
Education2 days agoKenpoly begins 2025/2026 academic session
-
Oil & Energy3 days ago68% Of Electricity Consumers Bypassing Prepaid Meters — NISO
-
News2 days agoInstitute Holds Confab In PH, Honours 59 Eminent Nigerians
-
Maritime2 days agoMaritime Ties: Nigeria, Denmark Pledge Deep Corporation
-
Niger Delta3 days agoVP, Others Praise Diri Over Leadership, Contribution To Education … As UNILAG Presents Book On Bayelsa Gov
-
Education2 days agoNigeria to Train Electric Vehicle Technicians through NOUN-Auto Clinic Partnership
-
Oil & Energy3 days agoOndo, Investors Sign $50b Refinery, Free Trade Zone Agreement
