Government Denies Jupiter Ltd's Claims of Seized Lithium Project

Government Denies Jupiter Ltd's Claims of Seized Lithium Project

T
Triple T in General March 15, 2026, 6:19 pm
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Federal Government denies Jupiter Ltd's allegations that it revoked mining licences and handed control of a lithium project to Chinese operators. The ministry states Jupiter Lithium has no legal relationship with the government, contradicting the company's claims of a seized project. Jupiter alleges the government revoked licences without payment of ₦2.494 billion in fees, but the ministry attributes licence revocations to unpaid fees and non-compliance. The dispute highlights ongoing challenges in Nigeria's mining sector reforms and investor confidence concerns.


SOURCE: https://www.premiumtimesng.com/business/business-news/864284-nigerian-govt-denies-british-lithium-project-seizure-alleges-smear-campaign-ahead-of-tinubus-uk-visit.html


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