COURT JAILS TWO FOR N14.8M FRAUD IN MAIDUGURI. (PHOTO). #PRESS RELEASE.

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 Court Jails Two for N14.8m Fraud in Maiduguri Justice B.T Zannah of the Borno State High Court sitting in Maiduguri, on Monday, July 13, 2026 convicted and sentenced two to three years imprisonment. The convicts are: Babagana Bukar and Hauwa Chabri.  The convicts were arraigned on Monday, July 13, 2026 by the Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on a separate one -count charge for the offence of criminal misappropriation to the tune of N14,800,000.00 (Fourteen  Million, Eight Hundred Thousand Naira). The charge against Bukar reads: "That you, Babagana Bukar sometimes in 2025 at Maiduguri, Borno State within the jurisdiction of this honourable court, dishonestly misappropriated and converted to your own use the aggregate sum of N8,800,000.00 (Eight Million, Eight Hundred Thousand Naira)  money belonging to Bunu Gambo Liman, being amount given to you through Babakura Umar and Bello Adamu for the supplies of 100 bags of IRS...
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IPMAN : REDUCTION IN DIESEL PRICE BY DANGOTE REFINERY YET TO REFLECT DUE TO OLD STOCK. (PHOTO).

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 IPMAN: Reduction in diesel price by Dangote refinery yet to reflect due to old stock


Automotive gas oil (AGO), also known as diesel, sold for as high as N1,500 at fuel stations in Lagos and Abuja on Saturday.


TheCable observed that Mobil and TotalEnergies fuel stations in Festac Town, sold for N1,300 per litre and N1,500 per litre, respectively.


In Abuja, the price of the product was N1,450 per litre at Eterna, Banex, and N1,500 a litre at Emadeb, Kado.


The prices have remained the same despite Dangote refinery announcing a reduction in its costs of diesel to marketers from N1,200 to N1,000 on April 16.


Speaking on the issue, Abubakar Maigandi, president, Independent Petroleum Marketers Association of Nigeria (IPMAN), said marketers still have old stocks, hence the current price of the product.


“It started recently. And there’s been an old stock. Very soon, I know the price will be normalised,” Maigandi said.


He also said the drop in price favours oil marketers buying one million litres directly from Dangote refinery, adding that some IPMAN members have to buy from third parties.


“Definitely, you know Dangote refinery is selling for N1,000. But it is only for those who are buying one million litres and above. Those who are buying one truck from those one million litres will definitely add their profit,” he said.


He said this is why independent marketers are trying to “see how we can go closer to Dangote in terms of purchase so that the association will carry the volume and share it to the individual marketers who can not be able to buy one truck so that they will be able to buy it at a lower rate”.


Maigandi said the reduction of the price by Dangote refinery is a good step in the right direction.


On April 2, it was reported that Dangote Refinery fixed the minimum volume of diesel that can be purchased by oil marketers at one million litres.


Maigandi confirmed that the refinery started selling the product to marketers on March 2.

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