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Marketers Pay Us N766/Litre To Lift Dangote Petrol Because It’s Subsidised –NNPC

11plc, Total Energies, AA Rano, and other marketers have commenced purchasing Dangote Petrol from the Nigerian National Company (NNPC) Trading Limited at N765.99 per litre.
According to BusinessDay, some petroleum marketers who were able to complete their payment processes on the NNPC trading payment portal commenced the lifting of petrol earlier this week under the existing agreement between marketers and the refinery.
Tunji Oyebanji, managing director, 11Plc, confirmed to BusinessDay on Thursday evening that some marketers have started lifting the products at N765.99 from Dangote Refinery through NNPC.
“We were among the first marketers to complete the payment on the NNPC portal. We have no direct arrangement with the refinery,” Oyebanji said.
It was learnt that NNPC Retail, 11plc, Total Energies, A.A Rano are among the marketers that have picked up products from the refinery.
He added, “We don’t know the contractual financial arrangement between NNPC and the refinery but what I can confirm is we are buying at N765.99 from NNPC to lift Dangote petrol.”
Efforts to get the Independent Petroleum Marketers Association of Nigeria (IPMAN) to confirm if its members have picked up products at the Dangote Refinery proved abortive at the time of writing this report.
Adedapo Segun, executive vice-president, downstream at NNPC, said marketers cannot purchase petrol directly from the refinery because the product is still sold at a subsidised rate.
“That is the same thing happening with Dangote. I said earlier that Dangote is a company and it is going to sell at market price,” he told Journalists.
“The market value of PMS is still higher than what N766 or N765 or N799 that NNPC is selling.
“The situation has not changed there. So, NNPC’s off-taking is only because the others would not buy at the price Dangote will be willing to sell, which is reasonable.
“As soon as the price allows for it, you will see the marketers go to Dangote and buy.
“So, instead of saying NNPC is the only off-taker, let’s put it this way: NNPC is the only entity that is willing to offtake because NNPC has a role under the law to be the energy provider of the resort,” Segun added.
On Sunday Evening, Femi Soneye, spokesperson of NNPC, had said that the refinery bought petrol from Dangote refinery at N898 per litre. He said market forces now determine domestic pump prices.
“For instance, now Brent is $70. Let’s say tomorrow, Brent goes to $80. You should note that the price will also rise because those are the market forces. But today, for this initial 16.8 million litre that was given to us, it was at the rate of N898,” Soneye said.
In its reaction, Anthony Chiejina, spokesperson of Dangote Refinery, had described the claim as “misleading and mischievous, aimed at undermining the refinery’s achievement in addressing Nigeria’s energy insufficiency.”
However, the refinery failed to disclose the price it sold the product to NNPC Ltd.
In a counter-statement, the NNPC insisted it bought the product for N898 per litre and would be grateful for any discount from the Dangote refinery that could be passed 100 per cent to the general public.
NNPC Ltd said apart from landing costs from refineries, suppliers must pay statutory and regulatory charges for each litre of petrol.
Those charges include the Nigerian Midstream and Downstream Petroleum Regulatory Authority fee, N8.99; inspection fee, N0.97; distribution cost (Lagos), N15.00; and profit margin, N26.48.
The state oil company said once freight and other statutory costs are added, the product would cost more at the pump—N950.22 per litre in Lagos, N980.22 in Rivers, and N992.22 in Abuja. The selling price in Maiduguri is N1,019.
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Benue on fire as gunmen kill APC leader, District Head on their farms

An All Progressives Congress (APC) youth leader from Apa Local Government Area, Comrade Jerry Jeremiah, and the District Head of Odugbeho in Agatu LGA, Chief Adejo Anthony Denison, both of Benue State, have been killed by gunmen while working on their farms.
The incident happened on Wednesday along the Otukpo-Otobi-Akpa Road in Otukpo Local Government Area,.
The victims were said to be carrying out farming activities when they were attacked by the assailants.
Eyewitnesses disclosed that the farmland, although located in Otukpo LGA, is widely leased by people from surrounding areas, including Agatu, for agricultural use.
The killing took place just a day after another APC chieftain and six other individuals were murdered in separate attacks across Gwer East and Makurdi LGAs.
Chairman of Agatu LGA, Mavis James Ejeh, confirmed the death of the traditional ruler during a phone interview with journalists.
“Chief Tony Adejo was killed while working on his farm in Otobi by armed men. Despite this tragic incident, Odugbeho remains calm. We urge our people not to take the law into their own hands,” Ejeh said.
He advised residents of Agatu to exercise caution and work closely with security agencies, particularly when farming outside their local government area.
Reacting to the incident, former Vice Chairman of Agatu LGA, John Ikwulono, and a former government official, Olikita Ekani, expressed deep grief, describing the slain leaders as committed and influential figures in their communities.
As of the time this report was filed, the Police Public Relations Officer for the Benue State Command, CSP Catherine Anene, said she had not yet received an official report on the killings.
News
Experts say helicopter firm may face criminal charges over Herbert Wigwe’s death

Aviation industry operators and experts have confirmed that the operators of the helicopter that killed Herbert Wigwe, the former Group Chief Executive Officer of Access Holdings Plc, along with his wife, son, and three other people in February 2024, may soon be charged with a crime in the United States.
Nigerian aviation experts said the US government will likely charge Orbic Air with criminal negligence. Photo Credit: Herbert Wigwe Source: UGC On February 9, 2024, the Airbus EC130B4 helicopter, which was flown by Orbic Air, LLC.
The incident claimed the lives of two pilots, Wigwe, his wife Doreen, their first son Chizi, and former NGX Group Chairman Abimbola Ogunbanjo.
The primary causes of the incident, according to the US National Transportation Safety Board’s final report, were “pilot disorientation” and a breach of flight procedures, particularly the decision to operate under visual flight rules in instrument meteorological conditions.
Another possible cause of the tragedy was identified as a malfunctioning radar altimeter that had been detected during a repositioning flight earlier that day. Nigerian aviation experts now predict that the US government will likely charge Orbic Air with criminal negligence before a judicial panel of inquiry.
After reviewing the case, the panel would decide how much the helicopter firm would be held liable for and what penalty it would face.
Capt. Muhammad Badamasi, a former pilot with the now-defunct Nigeria Airways, told The PUNCH that the state was the plaintiff and the helicopter firm was the defendant, stating that the case was already in court.
He said, “It’s already a legal matter. The panel of inquiry will determine whether the crash and the resultant deaths were due to a breach of the company’s safety protocols. If so, it becomes a judicial issue, and charges may follow.”
Badamasi emphasised that the United States would handle any legal proceedings, adding that interested parties could include representatives from the Nigerian Civil Aviation Authority, the Nigerian Safety Investigation Bureau, the Federal Aviation Administration, and the National Transportation Safety Board. Badamasi also highlighted that the case might mark a turning point for regulatory enforcement in private charter operations, both domestically and abroad, as judicial scrutiny increases.
Similar opinions were expressed by Capt. Ado Sanusi, a retired pilot and current managing director of Aero Contractors, who stated that the state would pursue legal action following the submission of the accident investigation body’s findings regarding the incident’s underlying cause.
The US is expected to pursue legal action following the submission of the accident investigation findings. Photo Credit: Access Bank Source: UGC He said, “Once the investigation report is out, the next step lies with the appropriate legal authorities. If negligence is established, it is within their jurisdiction to act accordingly. The role of the aviation industry ends with identifying the cause.” Chris Aligbe, another industry expert, stated that the case would be tried under US law and that negligence cases are no longer treated lightly in the aviation sector worldwide. He said, “Before now, issues like this happened and the masterminds got away with it, but not anymore, things are changing.
The root cause will be determined and prosecuted in accordance with the law of the land.” Report explains real cause of Herbert Wigwe’s helicopter crash Legit.ng reported that the full report from the U.S. National Transportation Safety Board (NTSB) on the February 2024 helicopter crash that killed Herbert Wigwe, the former Group Chief Executive Officer of Access Holdings Plc, and his family members has been made public.
Abimbola Ogunbanjo, the former group chairman of Nigerian Exchange Group Plc, Wigwe, his wife Doreen, and their son Chizi were among the six individuals killed in the February 9, 2024, collision near the California-Nevada border. According to the report, investigators determined the “probable cause of this accident to be: the pilot’s decision to continue the visual flight rules flight into instrument meteorological conditions, which resulted in the pilot’s spatial disorientation and loss of control.”
Legit
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Count me out of ENDSARS killings in Lagos’, – Nnamdi Kanu

By Kayode Sanni-Arewa
Nnamdi Kanu, the detained leader of the Indigenous Peoples of Biafra (IPOB), has denied any link to destruction that trailed the #EndSARS protest in October 2020 was triggered by his radio broadcast.
At the resumption of the hearing on Thursday, the video of the interrogation session of the IPOB leader was played in the court.
In the video, Kanu admitted that he made some pronouncements in respect of the #EndSARS protest and other issues via Radio Biafra.
But the IPOB leader said violence witnessed during the #EndSARS protest in Lagos was outside the south-east geopolitical zone.
He added that his radio broadcast could not have resulted in the violence in Lagos.
Kanu said he was not directly involved in the day-to-day running of both organisations — IPOB and Eastern Security Network (ESN).
He added that the organisations were managed by states’ coordinators.
The IPOB leader said he did not have authority over the members of the organisations.
Kanu said he would not have subscribed to a referendum for secession if he had authority over the members.
The IPOB leader denied that the group is responsible for the violent attacks and killings in the south-east zone.
He said ESN was established to stop the killings of people in the south-east zone.
Led in evidence by Adegboyega Awomolo, counsel to the DSS, the witness said the radio broadcast of the IPOB leader led to the killings of eminent Nigerians, including security officers.
The DSS operative said Kanu’s broadcast led to the killing of Stanley Nnaji, a retired judge, and Audu Lucas and Glory Matthew, an intending military couple, in the south-east zone of the country.
The witness said in one of Kanu’s broadcasts, he ordered his followers to enforce a sit-at-home order in the south-east and kill those who disobeyed the directive.
The DSS official said the broadcast also led to the killing of Ahmed Gulak, a former presidential aide to ex-President Goodluck Jonathan.
The witness said investigation revealed that before Gulak was killed, those enforcing the sit-at-home directive blamed him for coming out the day their leader instructed everyone to stay indoors.
After the witness completed his testimony, Paul Erokoro, the defendant’s lawyer, sought an adjournment for the cross-examination of the DSS operative.
The judge adjourned the matter to May 14, May 21 and May 22 for further hearing.
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