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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

LG Funds: SERAP Asks Buhari To Probe Governors, Chairmen







The Socio-Economic Rights and Accountability Project (SERAP) has urged Muhammadu Buhari to probe how the funds allocated monthly to the 774 local governments in the country are being spent.

It made the request in a letter dated November 1 and signed by SERAP’s Deputy Director, Kolawole Oluwadare.

SERAP asked the President to order the Attorney General of the Federation and Minister of Justice, Abubakar Malami, or appropriate anti-corruption agencies to urgently investigate corruption allegations in the use of the monies.

It also sought investigations into the alleged complicity of some state governors in corruption cases involving local government allocations between 1999 and 2019.

The organisation urged that in the case where there was relevant and sufficient admissible evidence, suspected perpetrators should be prosecuted by relevant agencies and stolen public funds be recovered.

It explained that the letter to the President became necessary following the arrest of 16 local government chairmen in Kwara State by the Economic and Financial Crimes Commission (EFCC).


“Investigating state governors and local government chairmen over allegations of corruption and abuse of power in the use of federal allocations meant to provide public goods and services would best serve the general public interests and welfare.

“We request that you take the recommended action within 14 days of the receipt and/or publication of this letter, failing which SERAP will institute legal proceedings to compel your government to act in the public interest,” the group said.

It explained that its request was based on the 1999 Constitution of Nigeria (as amended), the country’s anti-corruption legislation and international obligations, particularly the UN Convention against Corruption.

According to SERAP, Section 7(6)(a) of the Constitution anticipates the allocation of public revenue to the 774 local governments in the country.

It added that the proposed investigations and prosecution do not offend the constitutional principles of the federation in any way, shape or form.

Part of the letter read:

Section 15(5) of the Constitution requires your government to abolish all corrupt practices and abuse of power, regardless of where such practices are taking place in Nigeria.”

Over N15 trillion of federal allocations meant for provision of public goods and services by local governments have been allegedly mismanaged or pocketed by state governments, local council chairmen, and the authorities of the Federal Capital Territory in the last 12 years.

As the Supreme Court of Nigeria once correctly stated, ‘Corruption is not a disease which afflicts public officers alone but society as a whole. If it is therefore to be eradicated effectively, the solution to it must be pervasive to cover every segment of the society. Corrupt practices and abuse of power can, if not checked threaten the peace, order and good government of Nigeria or any part thereof.’

’Corruption is a national malaise which must be tackled by the government of the Federal Republic. The disastrous consequences of the evil practice of corruption have taken this nation into the list of the most corrupt nations on earth.’

Public schools and clinics across the 774 local governments in several states have been left to crumble and wither away, with ordinary citizens made to pay the price for the decay of those vital public services.

The failure to act as recommended would leave a doubt in the public mind about your government’s commitment to rid Nigeria of corruption.

The use of federal allocations has been characterized by allegations of waste, opacity and misappropriation, thereby undermining the ability of state and local governments to provide public goods and services such as health, education and water

Read full details here;Channel's News

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