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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OBI, OTTI'S PANEL LACKS POWER TO APPEAL JUDGMENT AFFIRMING ABURE- LP. (PHOTO).

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 Obi, Otti’s panel lacks power to appeal judgment affirming Abure – LP


The embattled National Chairman of the Labour Party, Julius Abure, has dismissed the threat by the party’s caretaker committee, led by Nenadi Usman, to appeal last week’s judgment affirming his (Abure’s) leadership.


In an exclusive interview during the weekend, the pro-Abure National Publicity Secretary of the Labour Party, Obiora Ifoh, contended that the Usman-led 29-man caretaker panel was unknown to law and thus lacked the locus standi to challenge the court’s judgment validating Abure’s leadership.


Recall last week the Nenadi Usman caretaker committee met with the party’s 2023 presidential candidate, Peter Obi, and Abia State Governor, Alex Otti, before deciding to drag Abure to the Appeal Court.


The move came a few hours after the Federal High Court in Abuja declared the contentious national convention that returned him and his National Working Committee to office as valid.


The court also compelled the Independent National Electoral Commission to recognise Abure as LP National Chairman.


The court ruled that the Nnewi convention earlier held in March was constitutional and in line with the laid down laws of the country.


In a statement issued in the wake of the judgment, an excited Abure expressed his readiness for reconciliation and further appealed to Obi to help pacify the party bigwigs and other aggrieved members.


Reacting in a terse counter statement released in Abuja on Tuesday night, the Chairman of the Labour Party Caretaker Committee, Senator Nenadi Usman, announced that they would appeal the judgment.


While urging the party faithful to remain calm, Usman disclosed the decision to appeal the judgment was consciously taken after they met with Obi to deliberate on the development.


In an exclusive interview with our correspondent, the National Publicity Secretary of the Labour Party, Obiora Ifoh, said the Abure-led NWC was not losing over the threat to appeal the judgment.


According to him, neither Obi nor the committee was a party to the case in the first place.

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