Nigerian Development and Construction Company (NDCC) has been shut down by the Minister of Solid Minerals Development, Dr Kayode Fayemi.
NDCC is an importer and seller of explosives in Koko, Delta State and is currently under investigation by the NSA over the illegal diversion of explosives.
It is speculated that in the wrong hands, these explosives could be used to perpetrate terrorist activities within the nation.
In a statement by his special assistant on media, Olayinka Oyebode, Fayemi ordered the blacklisting of the company and withdrawal of its explosives licences pending investigation.
The development comes after investigations by the office of the National Security Adviser (ONSA), 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.
You can see tweets on the matter below.
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