FG Orders Sealing Of Company For Illegal Diversion Of Explosives
The Minister of Solid Minerals Development, Dr Kayode fayemi has ordered the immediate sealing off of Nigerian Development and Construction Company; an importer and exporter of explosives in Koko, Delta State, over illegal diversion of explosives.
In a statement by his Special Assistant on Media, Olayinka Oyebode, the closure is in addition to the blacklisting of the company and withdrawal of its license to do business.
The statement adds that this development is sequel to investigations by the Office of the National Security Adviser which revealed that the company was involved in illegal diversion of about nine thousand kilograms of nitro-glycerin explosives and 16,420 pieces of electrical detonators from its magazines between 2015 and 2016.
The Minister warns all manufacturers, importers, sellers and end users of explosives in the country to desist from unprofessional sale, procurement, storage and use of explosives in line with the provisions of the explosives act of 1954, the explosives regulations of 1967 and other extant policy directives.