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    MarketForces Africa » MarketNews » FG Shuts Down Illegal Gold Mine in Kogi

    FG Shuts Down Illegal Gold Mine in Kogi

    Olu AnisereBy Olu AnisereJuly 19, 2024 MarketNews No Comments2 Mins Read
    FG Shuts Down Illegal Gold Mine in Kogi
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    FG Shuts Down Illegal Gold Mine in Kogi

    The Federal Government has shut down an illegal gold mine site in Yagba East Local Government Area (LGA) of Kogi State.

    The Minister of Solid Minerals Development, Dr Dele Alake, stated that the move was part of the Federal Government’s commitment to combat illegal mining and reposition the sector to boost Nigeria’s economic profile.

    In a statement by the Minister’s Special Assistant on Media, Segun Tomori on Friday in Abuja, the operation was carried out by the Mining marshals in Iyeh Odogbe, Isanlu community of Yagba East LGA.

    According to Tomori, the operation involved dislodging illegal miners whose activities had prevented lawfully authorised miners with licenses covering four cadastral units from accessing the site for 16 years.

    He said that reports indicated the nefarious activities have gone unhindered for more than 20 years.

    He said that the operation, led by Commander of the Mining Marshals, Attah Onoja, also resulted in the arrest of seven suspects leading various groups of illegal miners in the area.

    Tomori said that the site workers have been given five days to completely vacate the site, as operations to effectively secure the area and ensure its full recovery for lawful mining activities would continue in earnest.

    The Federal Government, on July 12, announced the arrest of eight Chinese nationals suspected of illegal mining at Lokpaukwu community, Umuchieze, within Umunneochi Local Government Area of Abia State. FG Offers 3 Bonds Valued at N300bn for Subscription

    Banks CBN FGN Investors Naira NGX Nigeria Nigerian Stock Exchange
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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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