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Beware of Dangote’s Fuel Plan, May Push Price To N2,500/Litre – Oil Marketers Warn

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Dangote Refinery Slashes Ex-Depot Price By N40

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised concerns over Dangote Refinery’s plan to distribute fuel directly across Nigeria, calling it a potential “Greek gift,” warning it could lead to market monopoly, job losses, and eventual price hikes

PETROAN President Billy-Gillis Harry urged government intervention to prevent domination of the downstream sector and to protect smaller businesses.

The association’s national president, Billy-Gillis Harry, warned that the move could mirror Dangote Group’s past dominance in sectors like cement, flour, and sugar, where initial benefits eventually gave way to price hikes and limited competition.

“I think Nigerians need to be careful about accepting a ‘Greek gift’. We need to be much more insightful, as we have experienced it in different spheres of the economy, whether it is flour, sugar, or cement.”

Gillis-Harry pointed out that although cement was once sold directly at various locations, prices never truly dropped.

He fears the same pattern may emerge in the fuel market, where small players might be pushed out, only for prices to later soar.

He added: “So there is no anticipation that when everybody is drummed out of the business by these kinds of gifts, we wouldn’t get back to the same position where we would start looking to buy petroleum products for N2,500 per litre. It has happened in other areas. We are courageous enough to stand by our point.”

In an earlier interview with Legit, Billy-Gillis Harry expressed concern over Dangote Refinery’s proposed forward integration approach, where the company would not only produce but also distribute fuel.

He cautioned that this strategy could lead to monopolistic control within the downstream oil sector.

According to him, such dominance could seriously harm smaller businesses and result in widespread job losses across the petroleum value chain.

He urged the government to step in with proper regulations to prevent any single player from taking over the market and to ensure fair competition for all stakeholders.

Meanwhile Dangote Refinery has explained that its new fuel distribution plan is aimed at enabling smooth and efficient delivery of petroleum products nationwide

It also emphasised that vital industries such as manufacturing and telecommunications stand to gain significantly, as lower fuel prices could help reduce production expenses, ease inflation, and support economic growth.

The refinery noted that businesses in these and other sectors can now buy fuel directly from its facility.

The 650,000-barrel-per-day refinery came on stream in January 2024, first rolling out diesel and aviation fuel A1.

PMS rollout followed nine months later, in September 2024. As of February this year, the refinery disclosed that it had reached 85 per cent of its installed capacity, expressing confidence in the speedy attainment of full capacity.

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Abuja Polls: Tension At Collation Centre As Party Agents Reject Results, Clash With INEC

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There was a tense tension at a ward collation centre in Garki, Abuja, following a dispute between party agents and officials of the Independent National Electoral Commission over the handling of councillorship election results. The disagreement started during the collation of votes for the councillorship contest. Party agents accused electoral officials of blocking access to the result sheets before announcing the final figures.

Witnesses at the centre said party representatives were earlier allowed to cross-check figures for the chairmanship election. This process was reportedly carried out calmly and in line with procedure. However, the atmosphere changed when officials moved to declare councillorship results without permitting agents to verify the numbers with their own records.

The move triggered loud protests and heated exchanges inside the collation hall. Several agents insisted that the same level of transparency given during the chairmanship collation should apply to the councillorship exercise. One aggrieved party agent openly challenged the officials and demanded that the figures be reviewed before any declaration was made.

“Sir, we disagree with this final figures. Let’s confirm them with our record. You were there when during the chairmanship, they brought the figures, we checked, so can’t they allow us to do the same for councillorship? They just declare it like that without us checking the figures?” the agent said.

He added, “We disagree with these figures, let’s check them. Who does that? Let’s see it.”

The confrontation briefly disrupted the collation process and caused confusion among voters and party supporters present at the centre. The incident is one of several disputes recorded during the Federal Capital Territory Area Council elections, which have been marked by complaints of procedural lapses, delays and low voter turnout in some wards.

Meanwhile, early results released from the chairmanship elections show that the All Progressives Congress has taken the lead in key councils. The party has so far secured victories in Abuja Municipal Area Council (AMAC), Bwari Area Council and Kwali Area Council. Two other chairmanship results are still being awaited.

The Peoples Democratic Party won the Gwagwalada Area Council seat.

In AMAC, APC candidate Christopher Maikalangu polled 40,295 votes to defeat his closest challenger from the African Democratic Congress, who scored 12,109 votes. The PDP candidate recorded 3,398 votes. Maikalangu is the incumbent chairman.

In Bwari Area Council, APC’s Joshua Ishaku emerged winner with 18,466 votes. The ADC candidate came second with 4,254 votes, while the Zenith Labour Party candidate secured 3,515 votes.

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Germany To Deliver 5 More Missiles Interceptors To UKraine

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Germany will deliver five additional PAC-3 missile interceptors to Ukraine if other countries donate a total of 30, German defence minister Boris Pistorius said on Thursday.

PAC-3, or Patriot Advanced Capability-3, is among the main weapons the West has supplied to Ukraine as it fights Russia’s invasion.

“We all know it is about saving lives,” Pistorius said in Brussels after a meeting of the Ukraine Defence Contact Group.

“It’s a matter of days and not a matter of weeks or months,” he added.

The minister noted that the Patriots announcement has not yet been approved by national governments, but said he is “very optimistic” that the 30+5 target can be achieved.

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Impersonation: Army Arrests Man Posing As Military General

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The Nigerian Army on Thursday said it has arrested Alhaji Tijjani Abdul Rauf, a man posing as a military general, misleading the public and abusing the prestige of the military institution.

In a statement issued by Appolonia Anene, the Army said it uncovered and arrested Rauf who parades himself as a retired Major General after he consistently exploited false credentials to intimidate unsuspecting civilians,

Anene said investigations showed that contrary to his claims, the imposter was never commissioned into the Nigerian Army, nor did he attain the rank of a general from the service.

She stated that further investigations revealed that Tijjani also fraudulently claimed attendance at the prestigious National Institute for Policy and Strategic Studies (NIPSS), Kuru, while asserting that he was a recipient of the national honour, Officer of the Order of the Federal Republic (OFR).

“The impostor was found to have consistently exploited these false credentials to intimidate unsuspecting civilians, including during court proceedings where he presented himself as a retired senior military officer to command undue respect, sympathy and influence.

“During interrogation, media reports published in two nationally recognised newspapers were recovered, in which the impostor was repeatedly referred to as a “retired Major General.” These misrepresentations, now established to be false, further demonstrate the extent to which the individual sustained his deception within the public space,” Anene said.

Continuing, she highlighted that one such claim, published by an online newspaper, was the identification of Tijjani as “Major General AbdulRauf Tijjani (rtd)” in a suit instituted against the Lagos State Government and other respondents, in which he sought ₦8 billion in damages.

In another report, the imposter was also referred to as a Major General while detailing his appeal against the dismissal of the same suit, which the court had earlier described as a gross abuse of court process and incompetent in law.

“The Nigerian Army wishes to categorically state that no retired officer of the Nigerian Army bears the name Alhaji Tijjani Abdul Rauf, nor has any officer with such identity ever held the rank of Major General or above within the Service. We strongly condemn this act of impersonation, which constitutes a grave offence, undermines public trust and tarnishes the honour and integrity of officers who have genuinely served the nation with distinction.

“The Nigerian Army reiterates its commitment to protecting the sanctity of its ranks, honours and institutions and will continue to collaborate with relevant authorities to ensure that impostors and fraudsters are brought to justice. Members of the public are hereby urged to verify claims of military status through appropriate channels and report any suspicious representations to security agencies,” she added.

She further called on the general public to be mindful of the dangers associated with the impersonation or use of military uniforms and badges by unauthorised persons as the Army will not hesitate to apprehend and prosecute such persons in accordance with the law.

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