Connect with us


BIG STORY

Marketers Blame Depots As Petrol Nears N1,000 Per Litre

Published

on

Petrol prices have inched closer to the ₦1,000 mark across major Nigerian cities as supply tightens and loading disruptions persist, forcing petroleum marketers to consider importing fuel independently.

According to industry operators, production and supply issues at the Dangote Petroleum Refinery have intensified pressure on the downstream oil market, worsening scarcity and driving up pump prices nationwide.

The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, confirmed the situation, noting that members of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) are finalising plans to begin independent petrol importation to stabilise the market.

He expressed optimism that prices would soon drop once competition returns, saying, “Yes, petrol price is still going to come down because I also know that some marketers, especially DAPPMAN members, have applied and they are going to import petrol products… prices will come down once there is a struggle for the market.”

Checks by The PUNCH revealed that petrol prices rose from around ₦865 to between ₦920 and ₦955 per litre, with some stations in Abuja, Lagos and Sokoto selling as high as ₦1,000 depending on brand and location.

This spike comes despite earlier assurances from the Dangote Refinery that prices would drop to around ₦841 per litre under its new logistics-free distribution model announced in mid-September.

However, that promise has yet to materialise. Instead, prices have climbed steadily above ₦900 per litre in Lagos, Ogun, Abuja, and other cities.

In the Federal Capital Territory, NNPC outlets sold petrol for ₦955 per litre in Gwarinpa and Lugbe, while similar stations in Lagos offered it at ₦928. Across Edo, Rivers, Oyo, and Gombe, motorists paid between ₦900 and ₦1,000, with queues stretching across several filling stations.

IPMAN President Abubakar Shettima blamed depot owners for the fresh surge, saying they raised prices after the Dangote Refinery temporarily halted fuel loading. Depot prices reportedly jumped from an average of ₦830 to about ₦890, with some private depots selling above ₦900.

Data from Petroleumprice.com showed that depots such as Matrix, Fynefield, and Liquid Bulk sold petrol at ₦900, while Northwest and Pinnacle offered ₦895 and ₦885 respectively.

Following these adjustments, retail stations raised pump prices accordingly. NNPC outlets in Lagos and Ogun now sell petrol at ₦928 per litre — about ₦50 higher than previous rates.

NNPC spokesperson Andy Odeh explained that the corporation adjusted prices because depot charges had increased, saying, “The ex-depot prices have gone up… when the price goes up ex-depot, there will be an adjustment by the retailers.”

In Ogun and Lagos, Dangote’s distribution partner MRS sold petrol at ₦925 per litre on Tuesday. Meanwhile, industry sources confirmed that the Dangote Refinery recently suspended petrol sales to private marketers, leading to tighter supply.

Although no official explanation has been issued, insiders linked the disruption to internal maintenance and the recent mass layoff of engineers at the refinery.

Shettima maintained that the situation was temporary, saying, “These DAPPMAN people are the only ones selling now… if Dangote starts selling tomorrow, the price will come down.”

IPMAN’s Ukadike also attributed the hike to refinery reorganisation and the earlier NUPENG strike, which affected refining and loading operations. He noted that, “This is a reflective market whereby when suppliers increase prices, retailers have no choice but to increase them.”

He added that depot owners were exploiting the situation by inflating ex-depot prices, worsening the burden on consumers already facing record-high costs of transportation and food.

The Major Energies Marketers Association of Nigeria (MEMAN) also confirmed that the refinery had restricted gantry loading to its own trucks and MRS vehicles since last Thursday, a move that deepened shortages for independent outlets.

Jeremiah Olatide, CEO of PetroleumPrice.ng, said the refinery’s supply disruptions have distorted the downstream market, revealing that crude shortages and the layoff of about 800 staff had further strained operations.

He said, “The refinery is only loading their own trucks… depot marketers were not allowed to load products today. Private depots have stopped sales and want to raise prices again.”

In Sokoto, residents complained that petrol prices had jumped to between ₦960 and ₦1,050 per litre across both independent and major filling stations, with NNPC outlets reportedly shut for over a week.

A motorist in the state lamented, “I learnt a litre is now ₦992 from NNPC in Lagos. Only God knows how much it will sell in Sokoto… I had to borrow money from my wife just to buy fuel.”

With petrol nearing ₦1,000 per litre, economic analysts warn of fresh inflationary shocks that could worsen living costs nationwide, even as hopes for stable supply from the 650,000-barrel-per-day Dangote Refinery remain uncertain.

Efforts to reach the refinery’s spokesperson, Anthony Chiejina, were unsuccessful as calls and messages were not answered.

 

Credit: The Punch

BIG STORY

How Yahoo Boy Tied, Dragged And Buried His Mother Alive For Ritual — EFCC

Published

on

The Economic and Financial Crimes Commission has raised fresh alarm over what it called the disturbing evolution of internet fraudsters into ritual killers, citing a recent case in which a young man allegedly buried his mother alive in a desperate quest for wealth. The Acting Zonal Director of the EFCC, Makurdi Zonal Directorate, ACE I Effa Imo Okim, revealed the details during a courtesy visit to the leadership of the Nigeria Union of Journalists in Benue State.

During the meeting, NUJ Chairman Bemdoo Ugber questioned whether the Commission had shifted its focus away from corrupt public office holders and was now concentrating more heavily on suspects involved in “Yahoo-Yahoo.” The EFCC Zonal Director dismissed the suggestion, insisting that the agency remains fully committed to tackling corruption at all levels while reinforcing that the intensified clampdown on internet fraudsters is informed by their growing involvement in violent crimes, including ritual killings.

Okim explained that many of the so-called “Yahoo boys” have turned to ritualists in search of supernatural powers to boost illicit financial gains, adding that such practices now include the sacrifice of close relatives. He warned that this pattern shows an alarming level of moral decline and criminal desperation among young people.

The EFCC official referred to a recent viral video that reportedly showed a young man killing his mother for ritual purposes. He said the case should prompt parents to closely monitor the behavioural changes and social associations of their children, particularly those in tertiary institutions, to prevent such tragic outcomes.

He narrated that the suspect joined a cult-like group shortly after entering a tertiary institution, and the group allegedly connected him with a ritualist who demanded that he bury his mother alive as a condition for acquiring wealth-producing powers. According to Okim, the young man returned home during school holidays and secretly prepared a grave before attacking his mother under the pretext of spending time with her.

Okim said the suspect allegedly struck his mother in the mouth with a heavy object, tied her up and dragged her into the grave before burying her alive in line with instructions he had received. He stated, “Not only did he tie her, he dragged her into the grave and covered her with soil — all in compliance with the demands of the ritualists.”

The EFCC official described the case as one of the most horrifying examples of the extent to which some internet fraudsters now go in their pursuit of quick riches. He warned that society is heading toward a troubling future if urgent steps are not taken to curb the trend.

The agency urged parents, community leaders and educational authorities to intensify efforts to monitor young people more closely, stressing that early detection of behavioural changes may help prevent similar tragedies.

Continue Reading

BIG STORY

‘You Belong In A Zoo’, Fayose Slams Obasanjo In Thank-You Message

Published

on

Former President Olusegun Obasanjo on Monday disclosed the insulting “Thank You” text message he received from former Ekiti State Governor Ayodele Fayose following his attendance at Fayose’s 65th birthday celebration in Lagos last week.

The message, which Obasanjo’s Special Assistant on Media, Kehinde Akinyemi, described as a “Thank You” note, was made available to journalists in Abeokuta. The communication reflected Fayose’s appreciation for Obasanjo’s presence at the event alongside criticism of what he referred to as the former president’s “irresponsible comments.”
According to the content of the message, Fayose stated that he refrained from responding to Obasanjo’s remarks during the ceremony so that “the whole world” would observe the difference “between a sane man and a mad man.”

Fayose also demanded that Obasanjo return the money he had sent to facilitate the former president’s attendance at the event. The “Thank You” note read, “Dear Baba Obasanjo, I trust this meets you well. Your coming to my birthday party, I appreciate it, except for your very irresponsible comments at your age. You went so low, but I am not surprised because someone once said you are supposed to be kept away in the zoo. Sincerely, that’s where you belong.”
The message continued, “I kept quiet or did not reply to you at the function so that the world would know the difference between a sane and a mad man. It is also obvious that you have lost your sanity—or should I say, this is the heightened stage of dementia.”

Fayose added, “Not to worry, Baba. I shall set the records straight in due course. Lastly, I shall appreciate it if you return my money since you publicly admitted you received it, but Dangote brought it back. Your leopard will never change its skin.”

In response, Obasanjo was quoted as saying, “Ayo, thanks for your ‘Thank You’ message, which undisguisedly revealed who and what you are, unchanged and unchangeable. Your money has been sent back through Foluso Adeagbo, who brought it, in the same bag as he delivered it, unopened by me.”

While addressing guests as the special guest of honour at the birthday celebration, Obasanjo recounted previous occasions where Fayose allegedly insulted him. The former president stated that Fayose had sought forgiveness multiple times but continued to display what he described as arrogance.

Obasanjo added that Fayose did not initially invite him directly to the birthday event. He explained that Fayose sent former Minister Osita Chidoka to approach him before later making a phone call, after which Obasanjo asked him to visit in person.

He said, “Some people called me and said, ‘We heard that you are going to attend Fayose’s 65th birthday. Have you forgotten how he abused you?’ But I said they should not worry. Irrespective of his character, he remains one of my children.”

Obasanjo continued, “But you are not among the best of my political children. Even to get me to attend this occasion, you could not approach me directly. You sent Osita Chidoka to sound me out. You later phoned me, and I said you could come see me at any time.”

He added, “Even then, you could not come immediately. You sent Foluso ahead to gauge my feelings, and you arrived about an hour later. When you came, you called your wife, and while on the phone, I said that both of you have not conducted yourselves well—Mo ni eyin mejeji kii somoluwabi [both of you are not Omoluwabi]. Your wife asked for forgiveness, and I said both of you are forgiven.”

Obasanjo stated that he did not want the lessons from their past conflicts to be forgotten and urged Fayose to take responsibility for previous actions. He also recalled warning Fayose during his time as governor against investing in a poultry project, noting that he considered the initiative fraudulent and ultimately unsuccessful.

According to a widely circulated online video of the event, the former president advised Fayose to seek genuine repentance and forgiveness from those he had wronged, and to prioritise integrity and humility as he continues in life.

 

Credit: The Punch

Continue Reading

BIG STORY

27-Year-Old Nigerian Man Kills Father, Stabs Two Sisters In US

Published

on

Police in New Orleans, United States, have arrested a 27-year-old Nigerian man, Chukwuebuka Eweni, in connection with a stabbing incident that resulted in the death of his father and injuries to two of his sisters.

Family members told WWL Louisiana, a local newspaper, that Eweni had a history of an undisclosed mental illness but had not displayed violent behaviour until last Tuesday. They said the evening began as an ordinary one before Eweni allegedly grabbed a knife and attacked his father, Samuel, and his two sisters. They added that they did not know what triggered the attack.

Samuel, who served as a professor of computer sciences at Southern University, New Orleans, was pronounced dead at the scene of the incident. The institution’s chancellor, Joseph Bouie, described Samuel as “a mentor and a guiding light” to many students.

One of Eweni’s sisters was discharged from the hospital after treatment, while the other remained under medical care as of last Wednesday but was also expected to survive. The injuries left both siblings receiving support from family and medical personnel.

Relatives said that after the stabbing, they learned that Eweni went to New Orleans East Hospital, where he often checked himself in for mental support, to seek help. The hospital, reportedly unaware of the crime, transferred him to another facility in Jefferson Parish as part of routine procedure.

Police tracked him to the second facility the following morning after securing an arrest warrant. Authorities stated that Eweni was wanted on one count of second-degree murder and two counts of attempted second-degree murder. Police added that he is currently undergoing evaluation at a medical facility.

Tributes for the deceased professor have continued to pour in across social media. One sympathiser, Emem Akpabio, wrote on Facebook, “Just got notified that my very first client, and loving father of three whom I obtained sole custody of his kids some 8 years ago, passed away and was found in his truck somewhere in Texas.”

Another Facebook user, who identified herself as an acquaintance, Josely Pueten, wrote, “I just received a phone call about him. He was one of our tenants here in Arlington. I never had the opportunity to meet him, but I know I got that call for a reason. I’m so sorry for his passing.”

A similar message was shared by another user, Aboukia Fessibay, who wrote, “Bode has gone too soon; so sad to see this of his passing to the great beyond. May God be with his children and the rest of his beloved family and friends.”
The incident adds to the growing number of tragic cases involving Nigerians overseas.

Continue Reading


 

 


 

 

 

 

Join Us On Facebook

Most Popular