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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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Court Grants Maina N1bn Bail




A Federal High Court sitting in Abuja bail to the chairman of the defunct pension reform task team Mr. Abdulrashid Maina in the sum of one billion naira with two sureties in like sum.

Both sureties must be serving Nigerian Senators with no criminal cases before the court.

Also, both sureties must have fully developed landed property in Maitama or Asokoro district of Abuja.

According to the court ruling on Monday, the sureties must also submit 3-years tax clearance certificates and must appear at all further court rulings with the 1st defendant.

The court also notes that the sureties must file an affidavit to show they can pay the penance sum.

It was also stipulated in the ruling that the residence of sureties must be in Abuja and will be confirmed by the court.

Trial Judge, Justice Okon Abang in his ruling stressed that if any surety does not show up for rulings, the court shall be at liberty to revoke bail and the defendant will be remanded accordingly.

He said the defendant is required to submit his American passport, Nigerian passport and diplomatic passport(if any).

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Location: Lagos, Nigeria

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