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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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Alleged Oil Bunkering: EFCC Arraigns Detained Naval Captain After 15 Months





The Economic and Financial Crimes Commission (EFCC) has arraigned a naval chief, Captain Dada Labinjo, 15 months in detention without trial.

Labinjo, who has been in the custody of the Nigerian Navy since September 2018, was brought before Justice Muslim Hassan of the Federal High Court sitting in Lagos on Monday.

He was arraigned on two counts bordering on alleged oil bunkering.

The senior naval officer had on August 8 secured victory against the Nigerian Navy in a human rights violations case filed on his behalf by his lawyer, Jerry Omoroghe.

Justice Chuka Obiozor who heard the matter and delivered judgement had held that the Nigerian Navy had no rights, both under the 1999 Constitution and the Armed Forces Act to detain him for so long without charging him to court.

The judge had, thereafter, ordered that Labinjo be released from detention unconditionally and his confiscated mobile phone returned to him.

But the order was ignored by the navy, a situation which sparked criticism by civil societies who called for Labinjo’s release.

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Location: Lagos, Nigeria

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