The Mining Cadadas Office (MCO) and the Corporate Affairs Commission (CAC) are ready to improve collaboration to ensure that only companies that are duly registered and updated with their legal presentations and activities remain in operation.
This development was revealed during a courtesy visit by the general registrar of CAC, Hussaini Ishaq Magaji (San), to the general director of NMCO, ENGR. Obadiah S. Nkom, at the agency headquarters in Abuja.
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Welcome to the CAC delegation, NKOM expressed its appreciation for the visit and affirmed the preparation of MCO to promote the collaboration between both agencies by providing comprehensive data on registered companies that meet compliance with the annual return requirements.
The Mco Boss Commended The Cac's Efforts in Promoting Corporate Government and Compliance Across Sectors, Noting That The NMCO is Working Closely With Several OTher Government Agencies, including the nigeria geological survey agency (NGSA), Solid Minerals Development Fund (SMDF) NFIU, EFCC, NSCDC, DSS, and The Nigeria Police, Amongst Others to Promote Transparency, Accountability, and efficiency in the mining sector.
Eng. NKOM also highlighted the agency's migration to the EMC+digital system, launched on November 1, 2022, which described as a significant step to improve accessibility, automation and regulatory effectiveness.
He pointed out that the efforts of the Minister of Development of Solid Minerals, Dele Alake, to reposition the mining sector is producing fruits as the agency generated an unprecedented N10.9 billion between January and April 2025.
The MCO chief praised President Bola Tinubu and Alake for leading the position to redirect the focus on solid minerals of the nation, emphasizing that the reforms since the advent of the administration of Tinubu have made Nigeria's mining sector competitive worldwide.
In his comments, the CAC General Registrar emphasized the need for greater compliance between mining companies.
He pointed out that the collaboration between MCO and CAC is based on the law, with both agencies created by legal mandates, the CAC under section 8 of the Law of Allied Companies and Affairs (Bed), and the MCO under Section 5 of the Nigerian Minerals and Mining Law.
“We are here to strengthen collaboration and enforce in line compliance with the provisions of the law. We want to ensure that only companies with active and legal permanence benefit from licenses and privileges granted by the Government,” Magaji said.
He stressed that companies operating in the mining sector must comply with CAC regulations, including the timely presentation of annual statements, to qualify and retain mining licenses.
He added that all licenses issued by MCO will be granted only to properly registered and active entities in CAC records.
Both agencies discussed the modalities for data exchange, the regulatory application and exchange of information in real time to improve legal frameworks and ensure that all mining companies strictly adhere to the legal and procedure requirements.