Dalori Galaxy Company Settles 393 clients
Galaxy Transportation and Construction Services Limited has commenced paying its clients their investment capitals after experiencing ‘serious’ downturn in her business activities.
The payment exercise, which began on Tuesday, 6th August 2019, coincided with the company’s 7th year anniversary, says Abdulhamid Ibrahim, the media consultant to Mr. Babagana Abba Dalori, Galaxy’s Chief Executive Officer (CEO).
In a statement he signed and released to newsmen, Ibrahim, disclosed that Galaxy Services Limited, which deals in sand mining, quarrying and offering transport services, stopped payment to its clients last October, as a result of some unanticipated natural misfortune.
He said the company’s operation, which was paralyzed as a result of a devastating flood which wreaked havoc at its sand-mining site in Jere, Kaduna State; was further hit by the directive of Federal Government (FG), suspending activities for three months at the Mpape quarrying site, in Abuja.
“This was followed by the unlawful detention of the company’s CEO, Mr. Babagana Abba Dalori, by the Economic and Financial Crimes Commission (EFCC) for about five months now, since he was arrested in March this year.
“This has frustrated the company’s efforts to resume settling its clients, having successfully persuaded the Federal Government, along with other key actors in the industry to lift the ban placed on quarrying activities, together with the rehabilitation of the Jere sand-mining site in February. Notwithstanding these setbacks, the company has commenced settling its clients in batches,” he added.
Mr. Ibrahim, disclosed that a total of 393 clients have already been cleared and settled, explaining that the payment, which is scheduled in batches, will first be for the ‘capital sum’ clients paid to the company.
“In the current situation, the company will only begin by settling the capital, so as to restore stability and clients’ confidence. And this is starting with those at the lower rung. I mean those who subscribe to bus and sand packages,” he said.
He assured that the company’s management is doing everything possible to ensure that it meets its obligations to settle all clients within a short period, even though the continuous detention of its CEO by the EFCC is frustrating their effort.
He said: “Galaxy cannot perform optimally as long as Abba Dalori is still been kept in hostage by the EFCC. And this may perhaps affect the time it will take to settle all clients despite the company’s determination to pay.”
Mr. Babagana Dalori has been in EFCC’s custody since March 29, following a petition by some Galaxy clients who rejected the company’s explanation for its inability to pay them quickly.
He was granted bail by a Federal High Court sitting in Kuje on July 3, but was re-arrested by the anti-graft agency after meeting his bail conditions the next day.