Connect with us

News

DSS’ Intervention: IPMAN Confirms NNPC’s Refund of N15bn to Oil Marketers 

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Oil marketers yesterday confirmed that the Nigerian National Petroleum Company Limited (NNPC) had started refunding the N15 billion owed its members by the national oil company.

Before the current developments in the downstream sector, the oil sector players under the Independent Petroleum Marketers Association of Nigeria (IPMAN), said that they had paid the money to the NNPC for supply of petrol.

However, members of the association said that they were neither supplied nor reimbursed the funds, but that instead the NNPC was asking its members to augment the payment that was made months ago.

“It is unacceptable for the NNPC to ask us to add more money after withholding our payments for months without supplying the product,” Maigandi Shettima, head of the group had lamented during a television interview.

Advertisement

“Roughly, the amount we have paid is almost N15 billion. Our money has been with the NNPC for nearly three months, and they have yet to provide the product we paid for. Now, they are asking us to pay the difference,” Shettima added.

But speaking on the issue in an interview yesterday, IPMAN spokesman, Chief Chinedu Ukadike, said that the NNPC had started refunding the monies to the marketers’ wallets with the oil company after the Department of State Service (DSS) brokered a peace deal.

“We went to a meeting with the Director of the DSS who intervened in our matter,” Ukadike stated.

According to him, another outcome of the meeting was that the regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had agreed to issue the marketers licence to off-take from Dangote directly .

Advertisement

In addition, since Nigeria now operates a deregulated downstream market, the oil marketers, he said, have also been given the go-ahead to import petrol, given that the prospective firms have the required capacity.

Besides, at the meeting, he said, the NMDPRA agreed to pay the independent marketers N10 billion owed to them from the petrol bridging debt under the Petroleum Equalisation Fund (PEF) owed them.

“NMDPRA has graciously approved the sum of N10 billion for IPMAN’s outstanding payments in PEF. NNPC has also agreed to reduce the rate it sells to us from N1,040 per litre to about N1,000. They have also agreed to return our outstanding money we paid to them through their portal so that marketers can make it up.

“These are the things that we agreed on and we are awaiting implementation. But as I am talking to you now, NNPC has returned our money to individual independent marketer’s wallets,” he pointed out.

Advertisement

Ukadike noted that although the actual price the marketers will buy from the new $20 billion Dangote refinery had not been fully concluded, they will soon schedule a meeting with officials of the facility to arrive at a pricing template and loading arrangement.

There had been some sort of uncertainty in the downstream oil sector for weeks following the earlier pronouncement by the federal government that the NNPC will be the sole off-taker for petrol produced by the Dangote 650,000 barrels per day refinery.

But the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, last Friday explained that the direct purchase mechanism will henceforth allow marketers to negotiate commercial terms directly with the refineries, thereby fostering a more competitive market environment and enabling a smoother supply chain.

Edun, who is the Chairman of the Implementation Committee on Domestic Sales of Crude Oil in Local Currency, said the “New Direct Purchase Model,”  was the most significant change under the new regime which now allows petroleum product marketers to purchase petrol directly from local refineries.

Advertisement

“This direct purchasing mechanism allows marketers to negotiate commercial terms directly with the refineries, fostering a more competitive market environment and enabling a smoother supply chain for petroleum products,” he stated.

Continue Reading
Advertisement
Click to comment

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49

You must be logged in to post a comment Login

Leave a Reply

News

2027: Gov dumps deputy, picks ex-commissioner as running mate

Published

on

By

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Governor Nasir Idris of Kebbi State has replaced his deputy, Senator Umar Abubakar Tafida Arugungu, with a former Commissioner for Finance, Ibrahim Muhammad Augie, as his running mate for the 2027 governorship election.

The decision was announced on Sunday by the All Progressives Congress National Organising Secretary, Suleiman Muhammad Argungu, at the Presidential Lodge in Birnin Kebbi.

Argungu made the announcement during a thank-you visit by political stakeholders from the Argungu Emirate to the governor.

He explained that the change followed legal advice regarding the eligibility of the incumbent deputy governor to contest alongside Idris in the 2027 election.

Advertisement

According to him, Tafida Arugungu was dropped as the governor’s running mate based on the advice received from legal experts.

Argungu subsequently named Augie as the new running mate to Idris, while stressing that the decision was taken with the knowledge and consent of the outgoing deputy governor.

He dismissed speculation of a rift between Idris and Tafida Arugungu, urging APC members and supporters across the state to accept the development and remain united ahead of the 2027 poll.

Speaking to journalists after the event, Idris also denied any disagreement with his deputy, assuring party supporters that he would work with Augie to advance the interests of the state.

Advertisement

Augie, who hails from Augie Local Government Area, served as Commissioner for Finance during the administration of former Governor Atiku Bagudu.

The governor also thanked the people of the Argungu Emirate for their continued support for his administration and called on party members to remain focused on the development of the state.

Continue Reading

News

el-Rufai files fresh N10b suit against ICPC for allegedly denying family access to him

Published

on

By

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Former Governor of Kaduna State, Nasir el-Rufai, has filed, among nine reliefs, a fresh N10 billion fundamental rights suit against the Independent Corrupt Practices and Other Related Offences Commission (ICPC), alleging that the agency has prevented his wife and son from visiting him in custody.

In the meantime, El-Rufai’s son and representative of Kaduna North Federal Constituency, Mohammed El-Rufai, over the weekend celebrated his father and stepmother, Asia, on their 27th wedding anniversary.

The former minister’s originating motion marked FHC/ABJ/CS/1852/2026 and filed at the Federal High Court in Abuja on August 13, 2026, by El-Rufai’s lawyer, Ubong Akpan, also listed the ICPC chairman and the Attorney General of the Federation (AGF) as second and third defendants.

He alleged that his wife, Aichatou Asabe, and son, Abba el-Rufai, were prevented from accessing him despite an existing court order permitting visits by his family members and legal representatives.

Advertisement

The former governor asked the court to declare that his fundamental rights under Part IV of the 1999 Constitution remain enforceable despite his detention by the ICPC.

He alleged that the repeated denial of access to his family members had prevented them from providing him with food, medication and other necessities.

According to him, the alleged restriction violated his rights to dignity, private and family life as guaranteed under Sections 34 and 37 of the Constitution, as well as Articles 5 and 18 of the African Charter on Human and Peoples’ Rights.

Also alleging that ICPC officers physically restrained and intimidated his wife and son during an incident on July 7, he asked the court to declare the alleged conduct and continued denial of family access without lawful authority unconstitutional, illegal, null and void.

Advertisement

The former governor further sought an order directing the ICPC and other respondents to grant him unhindered and reasonable access to his family and lawyers throughout his detention, in line with an earlier order of the Federal High Court.

According to el-Rufai, the alleged actions had subjected him to “humiliation, emotional trauma, anxiety and psychological distress.”

He argued that the respondents’ conduct amounted to an unjustifiable interference with his dignity and family life and was inconsistent with constitutional protections and provisions of the African Charter.

Meanwhile, in a statement on Facebook, Mohammed described his stepmother as the “glue” of the family and praised her for her compassion, intellect and support for vulnerable people.

Advertisement

He recalled how Asia took him back to Zaria Academy when he was in Junior Secondary School 1, describing her as “an avid reader, a brilliant lawyer” and a woman whose compassion extended beyond her immediate family.

He said his stepmother devoted herself to supporting widows and orphans during his father’s tenure as governor, while also crediting her with shaping his values and approach to representing Kaduna North.

“Every good thing we continue to do for Kaduna North is due to the teachings and knowledge she has imparted in me since I was 11 years old. Every bad thing is my fault,” he said.

Reflecting on Asia and his father’s marriage, Mohammed said he had witnessed his stepmother’s unwavering support for his father through different periods of his life. He added that her strength and presence had remained a source of comfort, particularly as his father’s detention continues.

Advertisement
Continue Reading

News

Ganduje’s son returns to APC after 3 months in Kwankwaso’s NDC

Published

on

By

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

‎Abdulaziz Umar Ganduje, the eldest son of former Governor of Kano State and ex-National Chairman of the All Progressives Congress (APC), Abdullahi Umar Ganduje, has returned to the ruling party after a brief defection to the New Democratic Congress (NDC).

‎On Sunday, Abdulaziz was formally received back into the APC fold at the Ganduje Ward office in Dawakin Tofa Local Government Area, where he collected his membership card.

Party officials and supporters were present to witness the occasion, which was seen as a reaffirmation of loyalty to the APC structure in Kano.

‎Abdulaziz had earlier joined the NDC and picked up its nomination form to contest the Dawakin Tofa/Tofa/Rimin Gado Federal Constituency seat. His move was widely interpreted as aligning with the Kwankwasiyya movement of former Governor Rabiu Musa Kwankwaso, a long-time rival of his father.

Advertisement

‎His return to APC comes after the deadline for obtaining nomination forms had closed, meaning the action was symbolic rather than an immediate electoral bid. It is, however, viewed as a significant step in consolidating the Ganduje family’s political base in Dawakin Tofa.

‎Kano politics has for years been shaped by the rivalry between Kwankwaso’s Kwankwasiyya movement and Ganduje’s APC faction.

Abdulaziz’s earlier defection was seen as a boost to Kwankwasiyya, while his return strengthens his father’s camp ahead of the 2027 elections.

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News