N8trn lost to illicit gold mining, FG bemoans

by | March 3, 2013 10:09 am

 In two years, Nigeria has lost about N8 trillion ($50 billion) to illicit gold mining activities, the Federal Government has said. This disclosure comes two months after an audit report from the Nigeria Extractive Industries Transparency Initiative (NEITI) on the nation’s solid mineral sector revealed that regulatory failures cost Nigeria revenue losses of over N4…

This content is for Standard & Premium Digital Subscribers only.
Log In Subscribe