NIGERIAN MINERALS AND MINING ACT

Section 74: Rights of lessee to remove fixtures.

2007Section 74 of 165Federal Republic of Nigeria

(1) The lessee of a mining lease who has paid all rents, royalties and other payments due to be made by it under this Act or under the terms of its lease may, within three months, in the case of alluvial lease, and six months, in the case of lode lease, after the expiration or other determination of his lease, remove all or any of the plants, building or other property of the lessee.
(2) Where on the expiration or determination of the lease, a lessee is in default in the payment of any rent, royalty or other payments, and in the case of a lessee who has not removed its property within-
(a) three months in the case of an alluvial lease;or
(b) six months in the case of a lode lease ; or
(c) such further period, if any, as the Mines Inspectorate may allow the plant, building and property of the lessee on the land, the subject of the lease, shall become the property of the Federal Government and may be dealt with and disposed of in lieu of the rent, royalty or other payments, as the case may be.

Cite this section

Section 74, NIGERIAN MINERALS AND MINING ACT (2007).

https://repo.podus.ai/laws/nigerian-minerals-and-mining-act/section/74/