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Black market, queuing boom, as NNPC battles deepening fuel scarcity
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By Kayode Sanni-Arewa
The Nigerian National Petroleum Company Limited has vowed to end the queues for Premium Motor Spirit, popularly called petrol, by Wednesday, as the black market for PMS boomed on Sunday.
NNPC also declared that it did not owe international oil traders $6.8bn as claimed in some quarters, a development which some industry watchers described as a major reason for the widespread PMS scarcity in Nigeria.
But despite the national oil firm’s assurance that the queues for petrol would clear this week, oil marketers said on Sunday that the loading of products at depots had yet to improve.
Black marketers of petrol who sold the commodity in jerrycans took advantage of the situation, as they dispensed PMS for as high as N1,200 to N1,500/litre, depending on the area of purchase.
Day 5 – Hunger protesters take to the street as they continue to express their grievances. | Punch0.00 / 0.00
This came as the sole importer of the commodity (NNPC) blamed the petrol scarcity on evacuation challenges at PMS vessels.
NNPC is Nigeria’s only importer of petrol. Other dealers stopped importing the commodity due to their inability to access the United States dollar required for petrol imports.
The Chief Corporate Communications Officer of NNPC, Olufemi Soneye, told one of our correspondents that the oil firm was working hard to tackle the fuel supply challenges, stressing that the queues should clear by mid-week.
“It’s just an evacuation challenge out of Apapa (ports in Lagos) from the vessel. But we are working on it. It should be resolved. I’m very sure that fuel scarcity will be cleared out by Wednesday,” Soneye stated on Sunday.
He later issued a press statement on the matter, saying, “The NNPC Ltd regrets the tightness in fuel supply witnessed in some parts of Lagos and the FCT (Federal Capital Territory), which is as a result of distribution challenges.
“The company further urges motorists to shun panic buying as it is working round the clock with relevant stakeholders to restore normalcy.”
“The company further urges motorists to shun panic buying as it is working round the clock with relevant stakeholders to restore normalcy.”
But operators told The PUNCH that the fuel supply situation at the depots had yet to improve as of Sunday.
An official of one of the top petroleum companies in Nigeria said the company was out of stock.
“We don’t have supply yet. For us and many depots in Apapa, it’s nil stock,” the official, who spoke in confidence due to lack of authorisation to speak on the matter, stated.
An oil marketer disclosed that the scarcity might get worse in Lagos during the week as there was no improvement in supply.
The scarcity may get worse in Lagos during the week. Nothing is changing yet. Though motorists still get the product to buy although at very high rates,” the marketer disclosed.
A depot operator revealed that “depots will still get supplies this week, but definitely it will not be enough to meet desired demand to bring down the fuel crisis.”
The manager of a filling station in Abeokuta, the Ogun State capital, said a litre of petrol was N880 as of Friday.
The manager, who identified himself simply as Adeyanju, said his principal had not been able to get fuel since Friday, adding that the private depots were hiking the price of petrol.
On his part, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chief Ukadike Chinedu, said the challenges in the downstream oil sector were compounded by the recent nationwide hunger protests.
“Aside from the fact that there is not enough supply, the recent protests disrupted activities in the downstream oil sector. We are still struggling to sort that one out and there is also the challenge of low supply of petrol,” he stated.
NNPC denies indebtedness
In a similar development, the national oil firm said on Sunday that it does not owe international oil traders $6.8bn.
The company also denied claims that it has not remitted funds into the federation account since January.
Soneye, in a statement, reacted to different allegations against the state-owned energy firm.
It was alleged that NNPC owed some of its suppliers, being the sole importer of petrol into Nigeria, though Soneye acknowledged that such transactions were done on credit.
“NNPC Ltd does not owe the sum of $6.8bn to any international trader(s). In the oil trading business, transactions are carried out on credit, so it is normal to owe at one point or the other.
“But NNPC Ltd through its subsidiary, NNPC Trading, has many open trade credit lines from several traders. The company is paying its obligations of related invoices on a first-in-first-out basis,” Soneye stated.
However, he did not state the financial obligations NNPC is currently attending to
On remittances, he said, “It is not correct to say that NNPC Ltd has not remitted any money to the federation account since January. NNPC Ltd. and all its subsidiaries remit their taxes to the Federal Inland Revenue Service regularly.
“This is in addition to payments of CIT (company income tax) to road contractors under the Road Investment Tax Credit Scheme. In all, NNPC Ltd is the largest contributor to the tax revenue shared every month at the Federation Account Allocation Committee.”
Soneye maintained that the NNPC is not a regulator and has nothing to do with the quality of imported fuel.
“On the issue of quality/quantity fiscalisation of imported petroleum products, NNPC Ltd has no role whatsoever as it is not a regulator. The Nigerian Midstream and Downstream Petroleum Regulatory Authority, which is the relevant regulatory agency in charge of such issues, is an independent body and does not report to the NNPC Ltd,” he noted.
He explained that the NNPC is not averse to inquiries by the media into issues on and around its operations before dissemination to the public either through the print or electronic channels of communication.
“The company will, always, gladly take the opportunity to state the facts of the subject matter(s). This is in line with the company’s commitment to the Transparency, Accountability, and Performance Excellence philosophy as emplaced by the Mele Kyari-led management since stepping into the saddle in 2019,” Soneye said.
Queues in states
Despite NNPC’s assurance and defense, the queues for petrol lingered in many states and Abuja, while the cost of the commodity crossed N1,000/litre in some locations.
Fuel scarcity persisted in Abuja, Nasarawa, Niger, and neighbouring states. It resurfaced in Lagos on Sunday. The PUNCH observed that the queues to the Northwest filling station inward Gbagada stretched to the West End bus stop along the Gbagada-Oworonshoki Expressway.
The queues at the NNPC filling station at Ogudu stretched across the nearby bridge. It was the same scene at the MRS filling station at the Estate bus stop.
In Osogbo, Osun State, petrol was unavailable in most filling stations observed in Ayetoro, Old Garage, and Ota Efun Area, while a handful of independent marketers dispensing fuel sold the product for N800/litre.
Motorists and commuters decried the increase in petrol prices in Edo State. Independent marketers sold it for between N830 and N890/litre in the state capital while the outlets owned by major marketers sold for between N680 and N688/litre.
The cost of transportation worsened in Uyo as petrol sold for between N900 and N950/litre in the metropolis.
Residents of Gombe State lamented the increase in the cost of PMS across most filling stations in the state.
Petrol scarcity in Bauchi State did not change as customers stayed in long queues to buy the product on Sunday.
Residents of Lafia, the Nasarawa State capital, lamented the hike in the price of PMA and the scarcity of the product.
The scarcity was also pronounced in Sokoto State as many residents expressed frustration over the development.
The fuel scarcity in the Kaduna metropolis and its environs continued unabated on Sunday, causing untold hardship to motorists and other road users.
News
Airforce deploys surveillance aircraft to track abducted Oyo school children, teachers
The Nigerian Air Force (NAF) has continued to provide aerial surveillance support to ongoing efforts aimed at rescuing teachers and pupils abducted from Yawota and Ahoro-Esinele communities in Oriire Local Government Area of Oyo State.
In a statement by NAF’s spokesman, Air Commodore Ehimen Ejodame, Oyo State Governor Seyi Makinde disclosed this during a courtesy visit by the representative of the Chief of the Air Staff (CAS), Air Marshal Sunday Kelvin Aneke, and the Air Officer Commanding (AOC) Logistics Command, Air Vice Marshal Abubakar Suleh, on 5 June 2026.
According to the statement, Makinde revealed that the NAF promptly deployed an aerial surveillance platform immediately after the abduction was reported, providing critical intelligence to support search-and-rescue operations.
The governor said intelligence generated from the surveillance missions had continued to assist security agencies in tracking developments and coordinating efforts towards securing the safe release of the victims.
NAF said Makinde appealed for patience and support from residents, assuring them that all necessary resources are being deployed to ensure the successful resolution of the situation.
He commended the CAS and the NAF for their swift response and sustained support, noting that the Air Force made the surveillance platform available while Oyo State’s newly acquired aerial assets are still being assembled at the NAF Base, Lagos.
“Makinde further explained that the state acquired the platforms following consultations with the NAF to ensure access to maintenance support, engineering expertise and pilot training.
“He expressed confidence that the assets would significantly enhance security operations across Oyo State and neighbouring states once fully operational,” the statement released on Sunday partly read.
Speaking on behalf of the CAS, Air Vice Marshal Suleh conveyed the solidarity of the NAF with the government and people of Oyo State and reaffirmed the Service’s commitment to supporting ongoing efforts to secure the safe return of the abducted victims.
He also commended the government for its continued support towards NAF projects and infrastructure development within the state.
“The NAF remains committed to working closely with other security agencies and relevant stakeholders to safeguard lives and property while supporting efforts to address security challenges across the country,” it added.
The pupils and teachers of the Baptist Nursery and Primary School (Yawota), Community Grammar School (Esiele), and L.A. Primary School were kidnapped on May 15 during a fatal attack by bandits.
One of the teachers was also killed in captivity by the terrorists.
The incident sparked protests by teachers nationwide and civil society groups in Ibadan, demanding urgent action to rescue the victims.
Last week, the House of Representatives called on the federal Government and security agencies to bring the abducted students and teachers back alive.
Following the abduction, President Bola Tinubu approved the appointment of 1,000 forest guards and the deployment of a special rescue team following the abduction of teachers and students in the state.
News
12 Years On: Suswam’s ₦3.1bn Scam Trial Stalls as Defence Yet to Open Case
The long-running trial of ex- Benue State Governor, Gabriel Suswam, over allegations of diverting ₦3.1 billion in public funds has entered its 12th year, with court proceedings yet to reach the defence stage despite the prosecution having concluded its case.
Suswam and his former Commissioner for Finance, Omodachi Oklobia, have been facing prosecution by the Economic and Financial Crimes Commission (EFCC) since November 2015 over allegations bordering on money laundering and the alleged diversion of proceeds from the sale of Benue State Government shares in Dangote Cement Plc.
According to the anti-corruption agency, the funds in question, amounting to approximately ₦3.1 billion, were realised from the sale of state-owned shares in the cement company but were allegedly diverted for personal purposes rather than being remitted to government coffers. Both defendants have consistently denied wrongdoing and pleaded not guilty to the charges.
Court Orders Defendants to Open Defence
After years of legal arguments, procedural delays and changes in judicial handling of the matter, the case appeared to be approaching a decisive phase in July 2025 when Justice Peter Lifu of the Federal High Court in Abuja dismissed a no-case submission filed by the defendants.
In his ruling delivered on July 23, 2025, the judge held that the prosecution had presented sufficient evidence to establish a prima facie case against the defendants, requiring them to enter a defence.
The ruling was widely viewed as a significant milestone in a case that had already spent nearly a decade in the judicial system.
However, despite the court’s directive, defence proceedings have yet to commence almost one year later.
Series of Adjournments Prolong Trial
The court initially scheduled September 25, 2025, for Suswam and Oklobia to begin presenting their defence. However, proceedings failed to move forward as expected.
The matter was subsequently adjourned to January 20, 2026, for the adoption of final written addresses before being shifted again to May 29, 2026.
When the matter came up in May, the hearing could not proceed because the court was not sitting, resulting in another postponement.
Justice Lifu thereafter fixed July 17, 2026, as the new date for the continuation of proceedings.
The repeated adjournments have further extended a case that has already spent more than a decade within Nigeria’s criminal justice system.
Trial Marked by Judicial Changes
Since its commencement, the case has experienced several disruptions arising from judicial transfers, appeals and allegations affecting the presiding judges.
Justice Ahmed Mohammed initially handled the matter after the defendants were arraigned in 2015. However, he stepped aside in 2016 following media reports that questioned his impartiality in the case.
Although he later resumed proceedings, he withdrew again in 2019 after another publication raised similar concerns regarding his continued handling of the trial.
Following his withdrawal, the matter was reassigned to Justice Okon Abang, who proceeded with parts of the prosecution’s case and heard testimonies from some witnesses.
However, the legal battle took another turn when the Court of Appeal ruled that the case file should be returned to Justice Mohammed after an appeal filed by Suswam.
Fresh delays emerged in 2023 when Justice Mohammed was elevated to the Court of Appeal, making it impossible for him to continue handling the matter. The case was subsequently reassigned to Justice Peter Lifu.
EFCC Calls Nine Witnesses
The EFCC eventually closed its case after presenting nine witnesses before the court.
Among those who testified were investigators, officials from the Benue State Ministry of Finance, representatives of stockbroking firms involved in the share transaction and a bureau de change operator.
The prosecution relied on documentary and oral evidence in an effort to establish its allegations that proceeds from the sale of government-owned shares were unlawfully diverted.
Following the close of the prosecution’s case, the defendants sought to have the charges dismissed through a no-case submission. However, the court ruled that sufficient evidence existed to warrant a defence.
Queries Over Delayed Justice
The prolonged nature of the proceedings has continued to attract public attention, particularly because the case remains unresolved more than 11 years after it was first filed.
Legal observers have pointed to the repeated adjournments, judicial reassignments and procedural setbacks as factors contributing to the slow pace of the trial.
Meanwhile, Suswam, who governed Benue State between 2007 and 2015 and later served as a senator, has remained active in Nigeria’s political landscape and is reportedly considering another electoral contest while the criminal case remains pending.Politics
With the next hearing scheduled for July 17, 2026, attention will once again focus on whether the defence will finally begin presenting its case in one of Nigeria’s longest-running high-profile corruption trials.
News
Faleke Urges Civil Servants to Uphold Integrity, Hails Retiring National Assembly Clerk
By Gloria Ikibah
The Chairman House of Representatives Committee on Finance, Rep. James Faleke, has called on civil servants across the country to uphold integrity, professionalism and due process in the discharge of their duties, describing the public service as a critical pillar of national development.
Faleke made the call in Abuja during the launch of a book titled “The Nigerian Legislature: A Practical Guide for Lawmakers”, written by the retiring Clerk of the House Committee on Finance, Mr Oscar Okoro, as part of activities marking his 60th birthday and retirement from service.
The lawmaker praised Okoro’s dedication, commitment and work ethic, describing him as a model civil servant whose career should serve as an inspiration to younger generations entering public service.
According to Faleke, civil servants occupy a strategic position in governance and have a responsibility to ensure that government processes are carried out in accordance with established rules and procedures.
He said: “The civil service mainly, they build the country. They are the technocrats. They are the people that we, politicians rely on.
“And if the civil servant decide to get this done properly, I think the country will better off. Even when the politician says let us do it the other way and he says no, let us follow the rules. I think Nigeria will better off.
“It is about dedication to the development of Nigeria, when you trust and believe in the country, you will want to see the success of the country.
“Okoro is a very, very hardworking guy, unlike others, he is not money conscious, he just wants to see things accordingly and appreciably.
“And for every time I push him hard, he works harder; I believe he’ is going to succeed very well in his retirement, so I wish him luck, and I pray that the family would not get the better of him”.
Faleke noted that Nigeria will benefit greatly if public servants remained committed to professionalism and resisted pressures to circumvent established procedures.
Also speaking at the event, Deputy Chairman of the House Committee on Finance, Rep. Abubakar Saidu, said his relationship with Okoro had grown beyond official duties and evolved into a family bond over the years.
He described the retiring clerk as a consummate professional whose conduct and dedication to service should serve as a guide for younger public servants.
According to him:
“He is very dedicated, very patient, he is a professional, excellent and committed as well as exemplary when it comes to the job,” he said.
Saidu added that future generations of civil servants will have much to learn from Okoro’s approach to public service and his commitment to excellence.
In his remarks, House Spokesman, Rep. Akin Rotimi, described Okoro as an outstanding public servant whose contributions to the National Assembly and the country would not be forgotten.
Rotimi commended him for what he described as years of meritorious service and dedication to legislative administration.
“My encouragement to people in service is that, this is the kind of person to model and pattern their careers after, people that have integrity and diligence their watch word,” he said.
Rotimi said that though the system has inbuilt mentorship and leadership recruitment processes, Okoro’ wealth of experience and expertise will be greatly missed.
Responding, Okoro attributed his success in life to God Almighty saying that life itself is very difficult and cautious journey.
“You have to know your onions, be hardworking, be patient, humble and respectful; if these are lacking, you are bound to fail either in the National Assembly or anywhere in life,” he said.
Okoro said that he would return to legal practice, consultancy and dedicate the rest of his life to mentorship of younger generations and service to God.
Earlier, the book reviewer, Prof. Kabir Danladi of the Department of Public Law, Ahmadu Bello University (ABU) said that the book is a demonstration of hardwork and dedication to service exhibited by the author in the 27 years service to the nation.
He said that the book provides a practical and institutional guide for the Nigerians legislature with focus on the National Assembly.
The professor said that the books covers the constitutional foundation of National Assembly, internal structure, legislative procedure, oversight functions and its relationship with other arms of government.
Danladi said that the 335 pages book is structured acrossed nine chapters, each addressing a distinct legislative life from historical foundation, constitutional law to practical step-by-step guidance on legislative procedure.
He said that there is alternative to reading especially for those who want to grasp the knowledge therein saying that reading is a command for human development and progress.
The professor recommended the book for all lawmakers, politicians and for all Nigerians to read and enhance the understanding of the legislature.
The event drew lawmakers, parliamentary staff, family members and associates who gathered to celebrate Okoro’s retirement and the launch of his book, which offers practical insights into legislative procedures and the workings of Nigeria’s parliament.
Many of the speakers described the book as a valuable resource for lawmakers, legislative aides and students seeking a deeper understanding of parliamentary practice in Nigeria.
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