Tinubu appoints Martins Imonitie as CEO of Nigerian Mining Corporation
President Bola Tinubu has approved the appointment of Martins Imonitie as the chief executive officer (CEO) of the Nigerian Mining Corporation.
Dele Alake, the minister of solid minerals development, announced while briefing State House correspondents at the end of the federal executive council (FEC) meeting presided over by President Bola Tinubu.
Segun Tomori, the special assistant on media to the minister, had told TheCable on February 10 that the federal government plans to launch a mining corporation.
Providing an update on the establishment, Alake said Imonitie is a mining finance expert from Australia.
“We headhunted him from Western Australia, one of the biggest mining regions in the world. He has experience working with major global players, and he will drive this new initiative,” Alake said.
Speaking on the ownership structure, Alake said the corporation’s equity structure will ensure minimal government interference, with 50 percent controlled by the private sector, 25 percent by the federal government, and 25 percent opened to Nigerian citizens.
“It is designed so that after us, no government can interfere or inject political manipulation into its operations,” he added.
