DANGOTE REFINERY TO SUPPLY 60 MILLION LITRES OF PETROL WEEKLY TO IPMAN TO BOOST CRUDE IMPORTS. (PHOTO).

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 Dangote Refinery To Supply 60 Million Litres Of Petrol Weekly To IPMAN To Boost Crude Imports The Dangote Petroleum Refinery has reached an agreement to supply 60 million litres of Premium Motor Spirit (PMS) to the Independent Petroleum Marketers Association of Nigeria (IPMAN) on a weekly basis, which translates to 240 million litres per month. This comes as the $20bn Lekki-based refinery seeks to raise billions of dollars to import crude oil and increase production to reach its full capacity of 650,000 barrels per day. IPMAN National Publicity Secretary, Chinedu Ukadike, confirmed that the association is finalizing discussions with Dangote and expects to start lifting PMS from the refinery before the end of November. The agreement has already led to a drop in petrol prices by N10 to N15 due to increased competition in the downstream sector following deregulation. In the past 42 days, the Nigerian National Petroleum Company Limited (NNPC) and other marketers have imported over two bil
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ALLEGED N110. 4B FRAUD: COURY DISMISSES BAIL APPLICATIONS OF YAHAYA BELLO'S CO-DEFENDANTS. (PHOTO). #PRESS RELEASE.

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Alleged N110.4b Fraud: Court Dismisses Bail Applications of Yahaya Bello’s Co-defendants

 

Justice Maryanne Anenih of the Federal Capital Territory, FCT,  High Court, Maitama, Abuja, on Thursday, October 24, 2024 dismissed oral bail applications of 

Abdulsalam Hudu and Umar Oricho, who are co-defendants with the former Kogi State governor, Yahaya Bello in a N110.4 billion fraud case, preferred again them by the Economic and Financial Crimes Commission, EFCC.


While defence counsel, J.B. Daudu, SAN and A.M. Aliyu, SAN, representing Hudu and Oricho, respectively argued that their clients were due for release from the holding facility of the Commission, prosecution counsel, Rotimi Oyedepo, SAN, opposed their release on the basis of mere oral applications.


Justice Anenih upheld the prosecution’s objection, stating that the bail applications should be made in writing. "You must come formally," she said, emphasizing the importance of following proper legal procedures.


Hudu and Oricho were arraigned on October 3, 2024 before Justice Anenih and were remanded in the EFCC's custody. 


Oyedepo,  during the Thursday's proceedings,  informed the court that the EFCC had complied with its earlier order that the Commission should publish a public summons against Yahaya Bello in a national newspaper, as the former governor continues to dishonour court rulings for his appearance for arraignment. "We have complied with the court order and have filed an affidavit of compliance," he said.


It will be recalled that on October 3, 2024, the court issued a public summon against Yahaya Bello following his refusal to make court appearances for his arraignment on new16-count charges of fraud to the tune of N110.4 billion, filed against him by the EFCC.


Justice Anenih adjourned the case until November 14 and 20, 2024, for Yahaya Bello’s arraignment.

 

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