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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 Dismisses Suit Seeking Magu’s Removal As Acting EFCC Boss







 Channel News reports that  the Federal High Court in Abuja has dismissed some suits seeking the removal of the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu.

The plaintiffs had sought Magu’s removal on the grounds that the Senate had twice rejected his appointment and refused to screen him to take up the position in a substantive capacity.

They argued that Mr. Magu, who has been acting as the EFCC chairman since 2015, after being rejected by the senate, was not fit to continue to serve in that capacity.

Delivering judgment, Justice Ijeoma Ojukwu held that there was a lacuna in the law by not providing for the timeframe within which a person could act as EFCC’s chairman.

She noted that although the lacuna ought not to be exploited to “install” Magu in office in substantive capacity without the Senate confirmation, it had given the President as the appointor “the proverbial yam and the knife to do as he pleases” with the appointment of the EFCC chairman.

As a result of that, the suits are of no moment and are hereby dismissed.


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Location: Lagos, Nigeria

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