Governor Adeleke suspends mining activities in Osun

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Governor Adeleke says none of the mining companies operating in the state for the past 25 years has paid any dividends to the state.

Governor Ademola Adeleke has ordered mining companies operating in Osun State under the licence of the state government to suspend their activities immediately.

The statement said the directive was to enable the government to review the Memorandum of Understanding entered into with the mining firms by the previous administration of former Governor Gboyega Oyetola. He also ordered owners of the mining companies to present copies of the MoU given to them by the previous administration.“All operators are to report to the Committee on Assets Verification and Recovery chaired by Dr B.T Salami with copies of their Memorandum of Understanding which governs their relationship with the state government,” he added.

Source: News Formal (newsformal.com)

 

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Caution is required and advised. We cannot afford any more negative signals in this sector. Especially as regards the much needed foreign investment. This “investigation” or “reconciliation” should be as brief and as transparent as possible. StateofOsun

I doubt he has such powers.

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