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FCCPC threatens sanction against petrol price profiteers

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By Francesca Hangeior

The Federal Competition and Consumer Protection Commission (FCCPC) is set to wield the big stick against oil marketers.

It follows their reluctance to reduce petrol pump prices in line with the falling global crude oil price.

The planned action, the commission said, became necessary after it observed that despite downward reviews of petrol ex-depot prices by domestic refiners, marketers, depot owners and retail outlet operators had only made negligible reductions at the pumps, which were not commensurate with the sharp fall in global crude oil prices.

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Following a ceasefire agreement between the United States (U.S.) and Iran two weeks ago and the reopening of the Strait of Hormuz, crude oil prices have declined steadily, with Brent crude trading at $71.99 per barrel and West Texas Intermediate (WTI) at $69.23 per barrel yesterday.

The decline represents a sharp drop from the peak recorded during the conflict, returning prices to pre-war levels.

The earlier spike in global crude prices prompted local refiners and marketers to raise pump prices across the country, with petrol rising from about N800 per litre to between N1,350 and N1,500, while diesel sold for as much as N2,000 per litre as hostilities intensified in the Gulf.

Despite the subsequent decline in crude prices, petrol still sells for an average of N1,200 per litre, although some local refiners have reduced ex-depot prices to between N1,025 and N1,075 per litre.

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Executive Vice Chairman and Chief Executive Officer of the FCCPC, Mr. Tunji Bello, explained that although the commission does not regulate or approve petroleum prices in a deregulated downstream market, it has a statutory responsibility under the Federal Competition and Consumer Protection Act 2018 to promote competitive markets, prevent anti-competitive conduct and protect consumers from unfair, deceptive and exploitative business practices.

According to a statement by the FCCPC Director of Corporate Affairs, Ondaje Ijagwu, Bello said: “We are concerned that while dealers often respond swiftly by hiking pump prices whenever crude prices rise, it is curious that it is taking so long for consumers to benefit significantly when crude prices fall. Competitive markets must work fairly in both directions.

“Though recognising that domestic prices are influenced by a range of commercial and market factors, including refining costs, foreign exchange movements, logistics, financing and distribution expenses, the commission expects competitive market dynamics to facilitate the timely transmission of resulting cost efficiencies to consumers.

“Market liberalisation does not diminish businesses’ obligations to compete fairly or consumers’ right to fair treatment.

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“Where credible evidence indicates conduct that undermines competition, exploits consumers or otherwise contravenes the Federal Competition and Consumer Protection Act, the commission will investigate and take appropriate enforcement action.”

However, the National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, said marketers were already complying with the reductions, explaining that pump prices had been lowered in line with refiners’ ex-depot price cuts.

“You have to know that these price reductions come in batches. As they reduce their prices, we also reduce ours.

“When Dangote Refinery reduced its ex-depot price by N50 per litre, we reflected the same N50 reduction at our filling stations.

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“Any amount reduced from the ex-depot price is the same amount we reduce from our pump price,” he said.he

Maigandi challenged the FCCPC to conduct a survey of IPMAN filling stations to verify the level of compliance among its members.

“Compliance is compulsory because if you don’t comply, nobody will patronise you.

“No one will buy a product at a higher price when the same product is available cheaper elsewhere.

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“Our marketers are complying. In fact, we welcome the reductions because lower prices translate into higher sales volumes,” he added.

Some operators in the downstream oil sector, however, faulted the FCCPC’s planned action, describing it as a case of double standards.

Asked to comment on the commission’s position, they argued that it was unfair to threaten marketers with sanctions in a deregulated market where pricing decisions are driven by commercial considerations.

Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, supported the FCCPC’s intervention, provided there was evidence of anti-competitive conduct.

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“If there are obvious cases of exploitation or where players with significant market power abuse their position, the FCCPC can intervene because the commission has broad powers to address anti-competitive practices and abuse of market dominance.

“But it must first establish that such conduct exists before taking action. The downstream sector has many players, and there is already a framework that allows competition,” he said.

Yusuf, however, noted that despite its statutory powers, the FCCPC would find it difficult to compel marketers to reduce prices because pricing remains a commercial decision.

“If you bought stock at a particular price, your selling price is determined largely by the replacement cost. Even if you bought the product cheaper, you have to consider how much it will cost to replenish your stock. That is normal business practice, and it would be difficult to compel businesses to act otherwise,” he said.

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He added that businesses generally respond faster to rising costs than falling costs because of replacement cost considerations.

“The argument by many marketers is that they still have old stock purchased at higher prices.”

“Until they exhaust that stock, they cannot significantly reduce pump prices. Once they begin buying new stock at lower prices, consumers should see further reductions,” Yusuf explained.

Bello encouraged consumers to continue reporting suspected anti-competitive conduct, misleading pricing practices and other forms of unfair market behaviour through the commission’s established complaint channels.

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Police arrest suspected bandit, recover ammunition in Kano

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The Kano State Police Command has arrested a 28-year-old suspected bandit and recovered an AK-47 magazine, 109 rounds of live ammunition, suspected military uniforms and other incriminating items during an operation in Bichi Local Government Area of the state.

In a statement by the Police Public Relations Officer, CSP Abdullahi Haruna Kiyawa, the arrest was made by operatives of the Bichi Divisional Police Headquarters following credible intelligence provided by a member of the public regarding a man allegedly wearing a suspected military uniform at Rimaye Village in Bichi LGA.

According to the statement, the police team, working in collaboration with members of the Rimawa Community, intercepted the suspect, identified as Mohammed Isah Haruna of Dan Dinshe Yamma Quarters in Dala Local Government Area.

A search of his bag led to the recovery of one AK-47 magazine loaded with 30 rounds of live ammunition, an additional 79 rounds of AK-47 ammunition, two sets of suspected military uniforms, three military caps, a suspected fake military identity card, personal identification documents, four ATM cards and a pair of desert boots.

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The command said the suspect confessed during interrogation that he was in the area to deliver the recovered items to bandits operating in nearby forests. It added that the suspect is currently in police custody while investigations have commenced to apprehend other members of the criminal network before the case is charged to court.

The Commissioner of Police in Kano State, CP Ibrahim Adamu Bakori, commended the vigilance of the Rimawa Community for promptly alerting the police, describing the arrest as another demonstration of the importance of community participation in combating crime.

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Court stops FG from retiring education directors before 65

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The National Industrial Court of Nigeria has voided the Federal Government’s policy requiring education directors to retire after spending eight years in office, ruling that teachers and education officers who become directors are entitled to remain in service until they attain 65 years of age or complete 40 years of pensionable service.

Delivering judgment in Abuja on July 10, 2026, Justice O. Y. Anuwe nullified circulars issued by the Office of the Head of the Civil Service of the Federation and the Federal Ministry of Education seeking to enforce the eight-year tenure rule against teachers and education officers serving as directors.

According to the CTC obtained by our correspondent on Tuesday, the court held that the circulars were inconsistent with the provisions of the Harmonised Retirement Age for Teachers in Nigeria Act, 2022, and were therefore invalid to the extent that they applied to teachers and education officers.

“A teacher or education officer, whether he or she got to the post of director or not, is entitled to retire from service on attaining 65 years of age or 40 years of service,” Justice Anuwe held.

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The judge added that serving as a director for eight years “is not a retirement condition for teachers any longer.”

The suit, marked NICN/ABJ/79/2025, was instituted by Mrs Rakiya Gambo Iliyasu, a Grade Level 17 director in the University Education Department of the Federal Ministry of Education, who challenged directives requiring directors who had spent eight years in office to retire.

Iliyasu argued that as an education officer, she qualified as a teacher under the Harmonised Retirement Age for Teachers in Nigeria Act, 2022, which guarantees compulsory retirement only at the age of 65 years or after 40 years of pensionable service.

She contended that the February 2026 circulars issued by the Head of the Civil Service of the Federation and the Federal Ministry of Education unlawfully sought to compel her and other education directors to retire before reaching the statutory retirement age.

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Agreeing with the claimant, Justice Anuwe held that Section 3 of the Teachers’ Retirement Age Act expressly exempts teachers from any Public Service Rule requiring retirement before the age of 65 years or 40 years of pensionable service.

The judge also relied on the Act’s definition of a teacher, which expressly includes education officers, holding that the claimant fell squarely within the category of officers protected by the law.

The court further observed that the Office of the Head of the Civil Service of the Federation had, in an earlier 2025 correspondence, acknowledged that education officers covered by the Act were exempt from the eight-year tenure policy, making the government’s subsequent issuance of retirement directives inconsistent with its earlier position.

Consequently, the court declared the February 10, 2026, circular issued by the Head of the Civil Service of the Federation and the February 24 and February 26, 2026, circulars issued by the Federal Ministry of Education illegal, null and void insofar as they applied to teachers and education officers.

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Justice Anuwe also set aside the three circulars and granted a perpetual injunction restraining the Federal Government and the Ministry of Education from implementing the eight-year tenure policy against teachers and education officers in a manner inconsistent with the Harmonised Retirement Age for Teachers in Nigeria Act.

Each party was ordered to bear its own costs.

The dispute arose after the Office of the Head of the Civil Service of the Federation and the Federal Ministry of Education issued circulars in February 2026 directing that directors who had spent eight years in office should retire in line with Rule 020909 of the Public Service Rules.

The directives affected several directors in the Federal Ministry of Education who are career education officers, despite the enactment of the Harmonised Retirement Age for Teachers in Nigeria Act, 2022, which extended the retirement age of teachers in public educational institutions to 65 years or 40 years of pensionable service.

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The 2022 Act was signed into law to address the shortage of experienced teachers, improve retention of skilled education personnel and strengthen the quality of teaching and learning in Nigeria.

It also broadened the definition of teachers to include education officers, a provision that became central to the legal dispute.

The judgment is expected to have significant implications for director-level education officers across the Federal Ministry of Education and other education-related federal agencies, as it clarifies that the provisions of the Teachers’ Retirement Age Act override the eight-year tenure rule in the Public Service Rules for officers protected under the law.

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NANS declares emergency on dilapidated hostels

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The newly inaugurated President of the National Association of Nigerian Students, NANS, Akinteye Babatunde Afeez, on Tuesday declared a state of emergency on the worsening condition of students’ hostels across Nigeria’s tertiary institutions, describing the facilities as unfit for human habitation and a major threat to learning.

Speaking at his inauguration in Abuja, Afeez painted a grim picture of accommodation in universities, polytechnics and colleges of education, accusing authorities of neglecting hostel infrastructure while millions of students are forced to live in unsafe, overcrowded and unhealthy environments.

He warned that the continued deterioration of hostel facilities could no longer be tolerated, insisting that students’ welfare, safety and dignity would become the defining focus of his administration.

“The state of students’ hostels across our tertiary institutions is pathetically disheartening. Many hostels are in a deplorable and dilapidated condition, and they continue to deteriorate with little or no attention from the relevant authorities,” he said.

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Lamenting poor sanitation, inadequate facilities and exposure to environmental hazards, the NANS president declared: “I hereby declare a state of emergency on students’ hostels across tertiary institutions in Nigeria. The welfare, safety and dignity of Nigerian students can no longer be compromised.”

Beyond accommodation, Afeez promised to transform NANS into a more proactive pressure group capable of compelling government institutions to respond to students’ concerns.

He said the era of symbolic activism was over, stressing that the association would focus on advocacy, accountability and measurable outcomes.

“NANS must return to being the true voice of every Nigerian student,not just in words but in action. You deserve an association that is fearless in advocating for you, pragmatic and transparent in its actions, and consistent in delivering results,” he stated.

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Highlighting achievements recorded within his first 50 days in office, Afeez said the association had intervened in the rescue efforts involving abducted students and teachers in Orire Local Government Area of Oyo State and facilitated the reinstatement of suspended students at the Ladoke Akintola University of Technology ,LAUTECH, and the Federal University Oye-Ekiti ,FUOYE.

He also disclosed that NANS had constituted monitoring committees to track interventions by the Tertiary Education Trust Fund ,TETFund, Niger Delta Development Commission ,NDDC, North East Development Commission ,NEDC,and the Industrial Training Fund ,ITF, with the aim of ensuring that students fully benefit from government programmes.

On the Nigerian Education Loan Fund (NELFUND), Afeez said the association would closely monitor implementation of the student loan scheme and confront challenges affecting beneficiaries.

He announced that payment of students’ upkeep allowances would begin within the week and revealed that NANS had published a list of institutions allegedly withholding refunds due to students despite receiving NELFUND disbursements.

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The student leader also unveiled plans to mobilise students ahead of the next general elections, saying NANS would spearhead a nationwide campaign for Permanent Voter Card (PVC) registration to increase youth participation in governance.

“As Nigerian students, and with NANS as our umbrella body, we constitute a large percentage of the nation’s population. We must be actively involved in determining who governs us,” he said.

He further pledged to pursue stronger partnerships aimed at expanding access to scholarships, employment opportunities, telecommunications support and quality education while preparing Nigerian students to compete in a technology-driven global economy.

Representing the Minister of Education, Dr Tunji Alausa, the Director of Polytechnic and Allied Institutions, Mrs Amy Igwe, urged the new NANS leadership to promote peace, unity and responsible engagement in advancing students’ interests.

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She said the Federal Ministry of Education regarded NANS as a strategic partner in the development of the country’s education sector and advised the new executives to embrace dialogue in resolving challenges.

“The Ministry of Education recognises NANS as a critical stakeholder and partner in the development of our education sector. I charge you to lead with vision, unity, responsibility and patriotism,” the minister said.

In a keynote address, the Vice-Chancellor of Olusegun Agagu University of Science and Technology, Okitipupa, Prof. Temi Ologunorisa, challenged the new leadership to champion accountability, innovation, security and students’ welfare.

He urged NANS to monitor the implementation of government intervention programmes to ensure no student was denied access to available support and called on the association to launch a national innovation initiative within its first 100 days in office.

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Goodwill messages were also delivered by the Minister of Interior, Olubunmi Tunji-Ojo; the Minister of Youth Development, Ayodele Olawande; Managing Director of NELFUND, Akintunde Sawyerr; and the Senior Special Assistant to the President on Students’ Engagement, Sunday Asefon.

They congratulated Afeez on his emergence and pledged continued collaboration with NANS in advancing students’ welfare, empowerment and youth development across the country.

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