The alleged loss of N8 trillion from leakages and illegal mining of gold and other solid mineral resources in the country will be looked into, the House of Representative reveals.

According to the members of the house, an ad hoc committee looking at irregularities in the nation’s mining sector in the last five years would lunch the probe.

The efforts of the Ministry of Mines and Steel Development in curtailing and tracking the movement of minerals within and outside the country would also be looked into by the committee.

The resolution was prompted by the need to diversify the economy of the country from oil revenue by Rep. Johnson Agbonayinma (APC-Edo).

In the motion, Agbonayinma described the mining sector as a key driver in national economic development, saying that Nigeria had the fourth largest reserve of bitumen globally.

According to Agbonayinma, apart from the coal resources which is in abundant, the country boost of the second largest iron ore deposit in Africa.

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