The University of Jos has decided to acquire a subsidiary of the defunct Federal Government-owned Nigerian Mining Corporation, (NMC) known as Naraguta Bricks and Clay Company for 45 million.
It was gathered that it was one of the NMC properties that have been approved by the National Council on Privatisation (NCP) for sale.
According to the the Bureau of Public Enterprises (BPE), the four defunct NMC companies are: Maiduguri Bricks and Clay Company to be sold to Gargam International Services Limited for N63 million, NIMCO Terrazzo Company Limited to be sold to Alheri (JJ) Nigeria Limited at about N15.3 million; Gano Quarry to AAY International Mining Company Limited at about N21.7million, and Kujama Quarry to Yusuf Mariri Trading Company Limited at about N20.55 million.
Disclosing the details of the deal, BPE spokesperson, Chuma Nwokoh, noted that the Technical Committee of the NCP had opened the financial bids of the pre-qualified prospective core investors for these enterprises.
In his words: “The 23 subsidiaries of the NMC had ceased operations since the late 1980s, resulting in their closure, with staff disengaged in 2004 by the Ministry of Mines and Steel Development.”
