Section 106: Security.

(1) The Minister may, before granting a mineral title to any person, direct that person to-
(a) give security by depositing with the government such sums as may be prescribed ; or
(b) reimburse the Federal Government for any compensation, the Federal Government paid to any State or occupier in respect of land on which the lease or license for the minerals is given.
(2) The Minister may accept a banker's guarantee as prescribed in the Regulations made under to this Act in lieu of the deposit prescribed by this section.