I have received calls, messages and other inquiries regarding the revocation of the CofO of Presco Plc by Governor Monday Okpebholo. The Secretary to State Government, Barr. Umar Musa Ikhilor, has robustly explained the issues.
Unfortunately, some folks, for obvious reasons, are still yearning for more answers. I’ll explain the facts and I hope this helps.
It has been established that the published Revocation Notice didn’t pass through the appropriate channels. Again, the actual number of hectares intended for excision from Presco Plc’s total landholding was grossly misrepresented in the published text.
For clarity, the Edo State Government has not revoked Presco Plc’s Statutory Right of Occupancy. What was under technical consideration was the excision of approximately 20 hectares—a clearly defined area—strictly limited to the portions of land containing strategic crude oil wells.
This excision became necessary because no individual or company can lawfully exercise proprietary rights over land where mineral resources are located, as such resources are vested exclusively in the Federal Government.
Section 44(3) of the Constitution of the Federal Republic of Nigeria (1999, as amended) provides that:
“Notwithstanding the foregoing provisions of this section, the entire property in and control of all minerals, mineral oils and natural gas in, under or upon any land in Nigeria shall vest in the Government of the Federation…”
Section 1 of the Petroleum Industry Act, 2021 similarly states that:
“…the entire ownership and control of all petroleum in, under or upon any lands in Nigeria shall be vested in the State (Federal Government)…”
Section 28 of the Land Use Act (1978) empowers government to revoke rights of occupancy strictly for overriding public interest, which includes matters relating to mineral exploitation.
The Edo State Government advises the general public, stakeholders, and Presco Plc to disregard the notice in its entirety.
Meanwhile, Governor Monday Okpebholo has initiated a formal administrative review to strengthen internal controls to prevent future breaches.
The administration of Governor Monday Okpebholo reiterates its commitment to transparent land administration, orderly engagement with investors, and the protection of public interest, particularly in matters involving national strategic assets such as oil and gas assets.
So, my people, no cause for alarm.
Fred Itua is the Chief Press Secretary to Governor Monday Okpebholo of Edo State.