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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

Court Jails Two Brothers For N15.4m Fraud








The Federal High Court sitting in Benin City, the Edo State capital has sentenced two brothers – Wisdom Onojiolou and Omorodion Onojiolou – to one-year imprisonment.

Justice M.G. Umar gave the ruling on Thursday after the duo were arraigned by the Economic and Financial Crimes Commission (EFCC) on two counts of intent to defraud and obtaining under false pretence.

Both men were said to have fraudulently obtained the sum of N15.4 million from one Philian Uwadiae under the pretence of helping her to establish a business in Benin.

One of the counts read: “That you Wisdom Ehis Onojiolou sometime in March 2016 in Benin within the jurisdiction of this honourable court did with intent to defraud, obtained the aggregate sum of N9,000,000.00 (Nine Million Naira) Only from Philian Uwadiae under the pretence that the money was to set up human hair business for her in Benin, a representation you knew to be false and thereby committed an offence contrary to Section 1(1)(b) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under section 1(3) of the same Act”.

The two brothers pleaded guilty to the charges when it was read to them.

In view of their plea, the prosecution counsel, I.M. Elody, prayed the court to sentence and convict the defendants accordingly.

But the defence counsel, Martha Imafu, pleaded with the court to temper justice with mercy as the defendants were first time offenders who have become remorseful.

Justice Umar, thereafter, convicted and sentenced the defendants to one-year imprisonment commencing from the date of judgement and ordered that they make restitution to their victim.

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