A fresh controversy has emerged over the Osun State Government's agreement with a Lagos-based mining investment company, as civil society organisation Urban Alert demands the disclosure of the deal's financial terms, duration and mineral assets involved.

The organisation raised concerns following the state government's announcement that it had signed a non-disclosure agreement with Critical Minerals Financing Corporation (CMFC) to support the development of Osun's mineral resources.

Urban Alert wants the government to explain what has been agreed upon, which mineral assets may be involved and what the arrangement means for residents of the state.

The agreement was announced on Friday, September 18, 2026, by the Special Adviser to Governor Ademola Adeleke on Mineral Resources, Lukman Jimoda.

Jimoda described the arrangement as part of the government's efforts to attract reliable investors and improve the economic value of the state's mineral assets.

According to the government, the agreement is intended to create opportunities for investment in Osun's mining sector.

However, Urban Alert questioned the decision to place the arrangement under a confidentiality agreement without providing sufficient information about its scope.

In a statement reported by TheCable on Monday, September 21, the organisation argued that the public should be informed about the terms of agreements concerning mineral resources.

It also questioned the financial arrangements, duration and specific mineral sites that could fall within the proposed partnership.

The organisation maintained that confidentiality may be appropriate during commercial negotiations but should not prevent legitimate public scrutiny of agreements involving public resources.

Urban Alert further raised concerns about the implications of the arrangement for communities where mining activities may eventually take place.

Mining projects can involve questions about land use, environmental protection, community compensation and the distribution of revenue generated from natural resources.

The organisation argued that residents should have access to sufficient information to understand how government agreements could affect their communities.

An important distinction remains: the publicly announced document is a non-disclosure agreement, not a publicly verified final mining lease or evidence that mineral rights have already been transferred to CMFC.

The complete agreement has not been independently examined by Verita Post, and the available announcement does not establish the precise commercial rights or obligations agreed between the parties.

Urban Alert also expressed concern about the transparency of previous mining arrangements in the state, arguing that residents should be able to assess whether earlier agreements delivered their intended benefits.

The organisation called on the state government to make relevant information publicly available and ensure that confidentiality provisions do not undermine accountability.

For Osun residents, the outstanding questions include which mineral deposits are being considered, whether the agreement involves financial commitments, what safeguards would apply to affected communities and when further details of the partnership will be released.

The state government has presented the arrangement as part of its investment drive, while Urban Alert maintains that the public needs more information about its terms.

Further clarification from the government and the company will be necessary to establish the scope of the proposed partnership and its implications for the state's mineral resources.