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Dangote refinery begins direct petrol sale to marketers

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The Dangote Petroleum Refinery has started supplying Premium Motor Spirit, popularly called petrol, to some oil marketers directly without recourse to the Nigerian National Petroleum Company Limited.

It was gathered that while more oil marketers were intensifying efforts to buy the product directly from the plant, others were importing the commodity, as hundreds of millions of litres of imported PMS should hit Nigeria’s shores in two weeks’ time.

Recall that The PUNCH exclusively reported on Monday that no fewer than four vessels carrying imported PMS arrived at seaports situated along the nation’s borders between Friday, October 18, and Sunday, October 20.

The report cited a document obtained from the Nigerian Port Authority, which showed that about 123.4 million litres of PMS were berthed at two seaports to improve fuel supply nationwide.

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The development confirmed an earlier exclusive report by The PUNCH, which disclosed that oil dealers intend to import the commodity to supplement the supply from the $20bn Dangote refinery.

Meanwhile, as major oil marketers import the commodity, their counterparts have started lifting PMS directly from the Lekki-based plant.

A senior official at the refinery said marketers are now allowed to approach the company for direct business transactions on a willing-buyer, willing-seller basis.

“Marketers are already coming to the refinery to lift PMS. They are lifting directly from the refinery, not through a third party,” the reliable official, who spoke in confidence due to lack of authorisation to speak on the matter, stated.

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The source, who could not tell the price at which marketers were lifting the product, noted that the oil dealers would not come if the price was not favourable to them.

“We have reached agreements with some of the marketers and more are still ongoing. I don’t know the exact price, but if the price is not good, the marketers would not be coming to us,” the official stated.

He maintained that things are improving, especially as the Federal Government commenced the supply of crude to the facility.

Another official at the facility showed one of our correspondents the trucks of some marketers loading the product directly from the plant without going through NNPC.

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“Some of the trucks you saw there today were from marketers purchasing the product directly from Dangote, without recourse to NNPC. So the direct sale has started,” the source stated.

The official explained that due to the high demand for petrol in Nigeria and other countries, the refinery had focused on ensuring 53 per cent of PMS production from its crude oil supplies.

“This could be reviewed in future if the demand for other finished products increases more than the demand for petrol, but right now about 53 per cent of our crude is used for petrol production, while other products account for the remaining percentage,” the official stated.

When asked if marketers had started the direct purchase of petrol from Dangote without recourse to NNPC, one of the notable major marketers in the country replied in the affirmative.

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“Yes, everyone is in the process. This was advised that it would happen soon and is a normal business transaction,” the source stated.

But this is contrary to claims from some quarters that the refinery would not be able to sell petrol to marketers unless the deal between it and the NNPC is terminated.

The PUNCH recalls the company had initially announced that the NNPC would be the sole off-taker of its petrol from September 15.

A source at the refinery said this was as decided by the Federal Government. The source said he was taken aback when the Technical Subcommittee on Domestic Sale of Crude Oil in Local Currency announced on October 11 that marketers should now lift petrol directly from the refinery.

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“Moving forward, petroleum product marketers are now able to purchase PMS directly from local refineries without the intermediary role of NNPC. Marketers are encouraged to initiate direct purchases from refineries on mutually negotiated commercial terms, which will promote competition and improve market efficiency,” the Minister of Finance, Wale Edun, who heads the committee stated in a statement.

As the committee made the announcement, operators said the market had been fully deregulated and they would approach the refinery to apply for PMS lifting.

The PUNCH recalls that the Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola, recently led other officials of the association to a meeting with the Vice President of the Dangote Industries, Devakumar Edwin, in Lagos.

Though Fashola did not give much updates about the meeting with Edwin, he appreciated him for the roles he had been playing.

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“Edwin received us very well and promised to make things easier for IPMAN to do business with Dangote,” he said.

Fashola added, “We had a fruitful discussion with the group. We have started discussing modalities and other logistics. IPMAN has agreed to work with Dangote. We hope very soon we will start lifting products from the facility.”

However, IPMAN said it could not commence the immediate off-take of the product unless the refinery ends its contract with the NNPC.

But officials at the refinery stated that the refinery was now selling PMS to some marketers.

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When the Dangote refinery began the sale of PMS on September 15, the NNPC said it bought the product at the rate of N898/litre; a claim the refinery described as mischievous.

The refinery said the naira-for-crude committee would be the one to announce the price of its PMS. The committee has yet to do so as of October 22.

Credit: PUNCH

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BREAKING! Court reportedly fires 44 chairmanship candidates of NNPP in Kano

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By Kayode Sanni-Arewa

A Federal High Court in Kano has sacked all 44 chairmanship and councillorship candidates of the New Nigeria Peoples Party (NNPP) for Saturday’s local government elections.

The ruling was delivered on Friday by Justice Simon Amobeda following a case filed by Engineer Muhammad Babayo and a faction of the NNPP against the party’s leadership.

Justice Amobeda ruled that the Kano State Independent Electoral Commission (KANSIEC) should accept a new list of candidates submitted by the faction led by the recognised State Chairman, Dalhatu Shehu Usman, in accordance with the party’s constitution.

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“The defendant is hereby restrained from releasing the voters register for the 2nd Defendant to conduct the proposed election on 26th October 2024,” the judge declared.

He further instructed that KANSIEC must recognize the list of candidates submitted by the plaintiffs.

The case listed the Independent National Electoral Commission (INEC), KANSIEC, the Inspector General of Police, and the Director of the Department of State Services (DSS) as the defendants.

The judgment has thrown the local government elections into further controversy. The court also barred security agencies from providing protection at the polling units if the election goes ahead without the updated candidate list.

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“The 2nd Defendant is hereby directed to accept as genuine and subsisting the list of NNPP candidates submitted to it by the recognized State Chairman, Dalhatu Shehu Usman,” the judge ruled, adding that “any other list submitted for the 2024 Local Government Election in Kano State should be rejected.”

In addition, Justice Amobeda instructed the 3rd and 4th defendants—namely, the Inspector General of Police and the DSS—not to provide security for the election under the current arrangement.

“That the 3rd and 4th Defendants are forthwith restrained from providing security and protection to the scene of the Election plans to take place on the 26th October, 2024,” the court ruled.

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Just in: Many Feared K!||ed As Passenger Bus Bursts In Flames

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By Kayode Sanni-Arewa

An auto crash along the Abakaliki-Enugu expressway, Ebonyi State, has claimed at least five lives and injured seven others.

The incident, it was gathered, occurred at the G-Hostel axis along the road.

The State Police Public Relations Officer, Joshua Ukandu, who confirmed the incident to journalists in Abakaliki, said the accident involved a fully-loaded commercial bus travelling from Enugu.

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According to him, the bus crashed and burst into flames after hitting an obstacle in the middle of the night.

The injured victims are currently receiving treatment at Alex Ekwueme Federal University Teaching Hospital, Abakaliki.

He said while those who sustained injury were receiving treatment at the hospital, the remains of those who passed on had been deposited in the mortuary.

Ukandu, however, noted that investigations are ongoing.

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He offered condolences to the families of the deceased, and wished speedy recovery to those injured.

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We’ll no longer tolerate attacks on Wike, PDP group warns Fubara, Ugochinyere

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Foremost youth group in the ruling People’sDemocraticParty (PDP), on Friday, sent a strong message to the Governor of Rivers State, Siminalayi Fubara and those it described as “agents of Fubara in National Assembly”.

The group known as PDP National Progressive Youth Initiative, in a statement Friday evening, specifically took a swipe on the Member representing Ideato North South Federal Constituency of Imo State, Rep. Ikenga Imo Ugochinyere, for his constant attacks on the person of Nyesom Wike, Minister of Federal Capital Territory, FCT.

Ugochinyere, an opposition Lawmaker in the House of Representatives, has been on the forefront of campaigns against the FCT Minister, while supporting Governor Fubara on virtually all his actions in Rivers.

The PDP warning was coming on the heels of Ugochinyere’s media outing 2 days ago, where he accused Wike of plotting to stop Governor Fubara from accessing State Funds via court orders, which he alleged were being instituted by the APC and Pro-Wike group.

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Ugochinyere was quoted as saying, “The APC and Pro-Wike group, as I am speaking, is filing a suit at the Federal High Court to help them seize the allocation of the entire Rivers State. This is the second of such cases by the Wike group to bring about constitutional disorder.

“They have a pending case seeking to seize the entire Rivers allocation/LGA funds they filed, and now they are using the Wike-APC faction to file another suit seeking an order to stop the Federal Accounts Allocation Committee”, while calling on President Bola Tinubu to prevail on his Minister.

But the PDP Youth group, in a statement signed by Comrade Billy Matthew Nwachukwu, President, and David Terna Gondo, the Secretary General, lambasted Governor Fubara and Rep. Ugochinyere, saying the duo were afraid of due process, accountability and Transparency.

“The both entities have become scared of public accountability and blaming their inability to conduct a proper Local Government election that will satisfy elementary law.

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“The PDP will no longer tolerate further attacks on the Minister of FCT, His Excellency, Nyesom Wike, who is working day and night for the government and the people of Nigeria to succeed with his infrastructural drive in the FCT.

“The question we would like to ask, is, why are Fubara and Ikenga running from pillar to pole, blackmailing the judiciary, the Minister of the FCT and everything by everyone else except Fubara?

“We know the antecedents of some fake activists who has no other source of livelihood but to be blackmailing innocent citizens, and unfortunately, they found their way into the National Assembly. These elements have no business address or farm, but can boast to have paid over N700m to get a mere House committee slot.

“It is high time we called on the good people of Ideato Federal Constituency to beg their busy body and eye service Lawmaker to focus on his job. Let him concentrate on why the people voted for him, and pardventure he is bereft of the logic of lawmaking, he should not pretend about it. He should admit his ineptitude and allow someone take his seat”, the group said.

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The PDP youth group threatened to occupy the National Assembly complex, if Speaker Tajudeen Abbas doesn’t tame Ugochinyere and he is allowed to engage in further attacks or unparliamentary conducts against the FCT Minister, whom they described as a great asset to Nigeria and the government of President Tinubu.

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