Chinese-Linked Steel Companies Nationwide Sealed as NSCDC Uncovers Alleged Multi-billion Naira Railway Theft Ring
Michael Olugbode in Abuja
The Nigeria Security and Civil Defence Corps has launched one of the biggest crackdowns on economic sabotage in recent years after sealing all operational facilities belonging to Inner Galaxy Steel Company and Jiuxing Integrity Industrial Ltd over alleged involvement in the large-scale vandalism and recycling of stolen railway infrastructure across the country.
The sweeping operation followed the uncovering of what security operatives described as a highly organised criminal network allegedly responsible for dismantling critical railway assets and converting them into commercial steel products worth billions of naira.
In a statement issued on Monday by the spokesman of NSCDC, Afolabi Babawale, the Corps disclosed that it had secured comprehensive court orders authorising the immediate sealing of the companies’ headquarters, branches and subsidiaries nationwide as investigations intensify into allegations of infrastructure theft, economic sabotage and terrorism financing.
