Coup: Chinese Company Suspends Construction Of Niger Republic Kandadji Dam Project Over Economic Sanctions

Advertisements
Advertisements
Read Time:1 Minute, 35 Second

China Gezhouba Group Co. LTD, a Chinese construction and engineering firm, has suspended the construction of the Niger Republic Kandadji Dam project due to financial sanctions imposed on the French-speaking country by the Economic Community of West African States (ECOWAS), the European Union, and the World Bank as a result of the ongoing political unrest in the country.

Advertisements

The group made this known in a circular dated August 7, 2023, titled ‘Notice on the shutdown of the Kandadji Dam Project and the dismissal of workers.’

Advertisements

According to the statement shared on Twitter by a security analyst and a counter-insurgency expert on Lake Chad, West African region, Zagazola Makama, Chinese Gezhouba Group decided to suspend the project because of the company’s inability to settle bills incurred from the construction of the dam.

Advertisements

The group added that they would also terminate all the subsisting contractual agreement they have with local workers for efficient dismissal. 

Advertisements

The statement reads: “Due to the political turbulence that occurred on July 26, 2023 in Niger, the security situation is becoming increasingly worrying. The Economic Community of West African States (ECOWAS), the European Union and the World Bank have all imposed financial sanctions on the country, making it impossible for the Company to settle bills.

Advertisements

“Faced with this case of force majeure, we find ourselves forced to stop all construction activities for a week and to proceed with the gradual termination of the contracts of local workers. And it should be emphasised that the termination of the contract due to force majeure would not imply the compensation of the dismissed employees.

Advertisements

“However, we undertake to liquidate the wages due to them and to guarantee their legitimate rights. We also promise to give priority to our laid-off workers when recruiting once construction of the Kandadji Dam resumes. And regarding the termination of the contract we will need your assistance and support.”

Advertisements

About Post Author

PeopleActs News

The societies of the world would be still and motionless without the activities of humans{people} While the acts of some persons enhances positive developments of societies, others destroys humanity and the society. PeoplesActs News is an outstanding ground breaking NEWS website/Blog that encourages citizens to report ongoing activities of those in positions of authority and happenings in their environment. Using photos, text and videos, the Blog informs and prompts concerned citizens and activists all over the world, toact and formally denounce actions of those who uses their privileged positions to act in such a manner that destroys the fabrics of society. PeoplesActs News is published by GRUTOM Publications Company registered in Nigeria, with registration number LAZ. 072585
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Please follow and like us:

Advertisements

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous post NNDC Projects: Akpabio, Others Left Over N612bn Abandoned, Terminated
Next post President Museveni Ignores World Bank For Halting Loans To Uganda Over Anti-LGBTQ Law, Says ‘We’ll Develop Without Borrowing’