ICPC WRITES TO CONFIRM THAT IT RECEIVED A FORMAL PETITION TODAY TUESDAY 16TH DECEMBER, 2025 FROM ALHAJI ALIKO DANGOTE THROUGH HIS LAWYER. (PHOTO). #PRESS RELEASE

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 INDEPENDENT CORRUPT PRACTICES AND OTHER RELATED OFFENCES COMMISSION (ICPC) Tuesday 16th December, 2025 MEDIA RELEASE The Independent Corrupt Practices and Other Related Offences Commission (ICPC) writes to confirm that it received a formal petition today Tuesday 16th December, 2025 from Alhaji Aliko Dangote through his lawyer. The petition is against the CEO of the NMDPRA, Alhaji Farouk Ahmed. The ICPC wishes to state that the petition will be duly investigated. John Okor Odey  Spokesperson  ICPC
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NO JUSTIFICATION FOR FUEL SCARCITY,PRICE HIKE- PENGASSAN. (PHOTO).

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No justification for fuel scarcity, price hike — PENGASSAN

31 January 2023 

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said that there is no justification to the current fuel scarcity and the hike in the price of Premium Motor Spirit, PMS.

It called on the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), to revoke licenses of any marketers found to be selling petrol above the approved price.

A statement signed by PENGASSAN’s President, Comrade Lumumba Okugbawa, and General Secretary, Comrade Festus Osifo, on Monday in Abuja, insisted there was no justification for the current petrol scarcity hike in price as being witnessed nationwide.

While noting that there was enough petrol to last Nigerians for the next 30 days and more, the union accused some marketers of creating artificial scarcity of petrol, with the aim of having the product sell at a higher price.

The statement partly reads: “PENGASSAN empathizes with Nigerians on the hardship currently faced with the scarcity and drastic hike in the price of PMS.

“While we understand that the parameters imputed into the old PPPRA and now NMDPRA template have since changed because of some economic vagaries such as exchange rate fluctuation, vessel hiring cost and cost of AGO amongst others, there is no sufficient justification for PMS (Petrol) to be selling for a such highly inflated price, thereby subjecting the masses to further difficulties.”

 

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