A statement by his special assistant on media, Olayinka Oyebode, said the minister also ordered the blacklisting of the company and withdrawal of its explosive licences.
The development is sequel to investigations by the office of the National Security Adviser (NSA), which revealed that the company was involved in illegal diversion of about 9,000 kilogramme (kg) of Nitro-glycerine explosives and 16,420 pieces of electrical detonators from its magazines between 2015 and 2016.
The minister warned 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 1964, the Explosives Regulations of 1967, and other extant policy directives.
Text -dailytrust
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