Operatives of the Delta State Police Command have arrested one Michael Panama who allegedly offered N1.2 million bribe to the Police to cover up the syndicate of Nigerian and Indian criminals vandalizing the Delta Steel Company (DSC) now Premium Steel and Mines Limited (PSML).

Michael Panama, a resident of Aladja in Udu local government area of the State, currently in police net is said to have been connected with an Indian national coordinating the criminal activities of the syndicate of economic saboteurs to run the company down.

Panama allegedly made moves to compromise the police to cover up the ugly deal in a bid to release the impounded trucks to the syndicate.

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Even though the three truck loads of assorted iron and steel items vandalized and stolen from DSC were impounded by the police, the Indian national who allegedly masterminded the vandalization is currently on the run following the interception.

Confirming the arrest of the Nigerian collaborator, the Commissioner of Police for the State Command, Mr. Hafiz Inuwa, revealed that the police is currently in custody of the N1.2million allegedly recovered from the suspect.

“The suspect is now helping us in our investigations”, the CP said.

The police boss condemned the act of economic sabotage by expatriates and their unscrupulous Nigerian collaborators saying the Command would get to the bottom of the vandalization and theft of DSC equipment and fittings with a view to fishing out those involved and prosecute them.

Inuwa told newsmen that as soon as the information came to him, he despatched a crack team, which swiftly went into action, and impounded the three trucks loaded with the items vandalized from the Aladja Steel Company.

“As we did this, they thought we were going to play ball. They were thinking they could corrupt everybody and that they would compromise.  As we speak, one of the suspects is with us. We arrested him, one Michael Panama, a native of the area who they tried “