This decision was based on what the government adjudged as defaulting on the terms of their licenses. According to the Punch Newspaper, a news agency in Nigeria, “the disclosure was made by the Director General of Nigeria Mining Cadastre Office (NMCO), Mr Obadiah Nkom, during a State House briefing organized by the Presidential Communications Team on Thursday in Abuja.”
The Federal government of Nigeria has retracted the mining licenses of over 3000 companies in the country.
“And, we are very transparent; if you need the Certified True Copy of any document, an application belonging to anybody or any license or whatever, the law permits us to give it to you.” He said.
