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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EFCC ARRESTS CHINESE BROTHERS, TWO OTHERS FOR ALLEGED ILLEGAL DEALING IN SOLID MINERALS. (PHOTO). #PRESS RELEASE.

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 EFCC Arrests Chinese Brothers, Two Others for Alleged Illegal Dealing in Solid Minerals


Operatives of the Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,  have arrested two Chinese siblings:  Wang Jiang and Wang Richard for allegedly making efforts to export some solid minerals without requisite permit.


While Jiang was arrested at the Akanu Ibiam International Airport ,Enugu, the rest,  including  two  Nigerians,  Donatus Agupusi and Michael Benneth Agu, were arrested at the Enugu Zonal Directorate of the EFCC. 


Their arrest followed an intelligence received by the Commission through the Federal Airport Authority of Nigeria, FAAN on November 3, 2024 involving Jiang who was intercepted at the hold baggage screening point, where unidentified suspicious stones believed to be solid minerals wrapped in three  different pieces were discovered in his luggage.


Preliminary investigations into the matter revealed that Agupusi, owner of Great Wall Construction Limited, is the employer of the remaining suspects. Investigation also revealed that Jiang was attempting to travel out of the country with the solid minerals in order to carry out some tests on them in China.


Investigations further revealed that none of the four suspects had a permit to export the solid minerals to China.


The suspects will be charged to court as soon as investigations are concluded.

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