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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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EFCC uncovers bogus financial transaction by Justice Ajumogobia, others

The Economic and Financial Crimes Commission, EFCC, has got a major lead into how a judge under its investigation obtained N18 million from the Managing Director of a leading oil and gas company to buy a house in London while still serving as a Federal High Court judge. The anti-graft agency stumbled on the fresh lead while interrogating Justice Rita Ofili-Ajumogobia, one of the six judges being probed over alleged corrupt practices, while serving in the Temple of Justice. The female judge, who turned in herself to EFCC for questioning last week, and is undergoing routine questioning by security agents over suspected cash receipts, admitted that she actually got the said N18 million as a soft loan from a ‘family friend’ who happened to be a major player in the downstream sector of the Nigerian oil industry, with a view to buying a house in the United Kingdom. Justice Ajumogobia A top source, who confirmed the discovery of the amount in the course of investigating the judge, said the amount was wired to a foreign account from the judge’s domiciliary account for the purchase of a property in the UK. The agency did not, however, disclose the location of the property in the UK, apparently not to hinder investigation. But to get the truth about the ‘loan’ allegedly granted the judge by the oil tycoon, the EFCC last night began questioning of MD of the firm. The man was at the office of the commission last night and it was not clear if he would be released as at the time of filing this report. A top EFCC source told Vanguard that the money was transferred by the businessman to Justice Ajumogobia’s account in 2012, pointing out that there was no paper to indicate that it was a loan, as claimed by her. The source said: “The Economic and Financial Crimes Commission has uncovered yet another bogus financial transaction by one of the six judges under investigation, Justice Rita Ngozi Ofili-Ajumogobia. “The Commission stumbled on the N18 million wired to a foreign account from her domiciliary account for the purchase of a property in the United Kingdom. “Justice Ajumogobia owned up to the money but claimed it was a loan obtained privately from a family friend. “The ‘family friend’, who is Chairman of an Oil and Gas Company from where the funds emanated, has been invited by the commission for questioning. So far, he has told operatives that the money was an assistance he rendered to her.”

Source;vanguardngr

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