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Marketers Will Pay Naira for Dangote Fuel -IPMAN

Aliko Dangote Refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters, oil marketers clarified on Monday. Dealers in the downstream oil sector also stated that the registration process for marketers at the refinery was still ongoing, as many operators had continued to register with the plant. It was further gathered that officials of the Nigerian Midstream and Downstream Petroleum Regulatory Authority were meeting with the management of the refinery to perfect the pricing template for products produced by the facility. On January 12, 2023, the Dangote Petroleum Refinery announced the commencement of production of Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel. The President, Dangote Group, Aliko Dangote, had in a statement issued by the firm, said, “We have started the production of diesel and aviation fuel, and the products will be in the market within this mon...
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Ministry uncovers criminal activities of some staffers

HANDS THEM OVER TO EFCC FOR INVESTIGATION

THE Federal Ministry of Mines and Steel Development, on Thursday, said it has handed over some staffers of the ministry to the Economic and Financial Crimes Commission (EFCC), after uncovering criminal activities an underground taskforce team set up by the ministry for the purpose.

It, therefore, issued a warning to all concerned, especially, perpetrators of illegal mining activities and their collaborators, within the industry and outside, that acts capable of jeopardising the economic diversification efforts of the Federal Government, would be met with stiff penalties.

In a press statement by its permanent secretary, Mohammed Abass, a copy of which was made available to the Nigerian Tribune, in Abuja, also announced that the ministry was working closely with  relevant security agencies to fish out fraudulent elements within its workforce.

The statement also reiterated its commitment and determination to plug all revenue leakages and improve revenue generation from the mining sector.

According to the statement, “the suspects have now been handed over to EFCC for further investigations”.

It further warned that criminal activities bordering on revenue diversion, under-payment, under-assessment and under- reporting, would be treated as economic sabotage and perpetrators would be made to incure the wrath  of the law.


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