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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

EFCC: What Fayose did to detainees in Lagos

Former Governor of Ekiti State, Ayodele Fayose, on Monday, after being denied bail by Lagos Court, fed 150 detainees.



Fayose also secured lawyers for some of the detainees that are in genuine need of legal representation.

This was disclosed on Fayose’s official Twitter page.

“Fayose took his Stomach Infrastructure to the EFCC office in Lagos today as he provided food for over 150 people (detainees and visitors).

“The highly elated detainees jointly sang the National Anthem after their stomachs were adequately serviced.

“Also, he has secured lawyers for some of the detainees that are in genuine need of legal representation and promised to assist those having challenges in meeting their bail conditions,” the tweet read.

Fayose on Monday before a Federal High Court, Lagos, pleaded not guilty to the charge of N30.8 billion fraud.

He is being prosecuted by the Economic and Financial Crimes Commission (EFCC) alongside his company — Spotless Investment Ltd — on an 11-count charge of N30.8 billion fraud.

Justice Mojisola Olatoregun, consequently adjourned the case until Oct. 24 for the hearing of the bail application and ordered that he be remanded in the custody of the EFCC.

According to the charge, on June 17, 2014, Fayose and Agbele were said to have taken possession of the sum of N1.2 billion for purposes of funding his gubernatorial election in Ekiti State which sum they reasonably ought to have known formed part of crime proceeds.



Fayose was alleged to have received a cash payment of the sum of five million dollars, (about N18 billion) from the then Minister of State for Defence, Sen. Musiliu Obanikoro, without going through any financial institution and which sum exceeded the amount allowed by law.



(Daily Post News)

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