UPDATE: EFCC ARRAIGNS THREE INDIANS, NIGERIAN FOR ALLEGED CRIMINAL BREACH OF TRUST. (PHOTOS). #PRESS RELEASE.

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 EFCC Arraigns Three Indians,  Nigerian  for Alleged Criminal Breach of Trust The Economic and Financial Crimes Commission,  EFCC,  on Wednesday,  December 17, 2025 arraigned three Indians,  Lalit Sarwat, Ravi Raghavendra and Gagan Sarswat—alongside an Ilorin-based dispatch manager, Oniyide Samuel, before  Justice Sulaiman Akanbi of the Kwara State High Court sitting in Ilorin They were arraigned on a two-count charge bordering on conspiracy and criminal breach of trust, contrary to and punishable under Sections 97 and 314 of the Penal Code. The Commission alleged that the defendants, while being servants in the employment of KAM Steel Integrated Company Limited, conspired among themselves between November 2024 and September 2025 to commit criminal breach of trust. Count one of the charge reads: “That you, Lalit Sarwat, Kumar Saroj (at large), Oniyide Samuel (trading under the name and style of Incognito Steel), Ravi Raghavendra and Gagan Sarswat,...
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FUEL PRICE INCREASES TO N1, 150 PER LITRE AFTER DANGOTE REFINERY'S HIKE. (PHOTO).

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 Fuel price increases to N1,150 per litre after Dangote Refinery’s hike


The retail price of Premium Motor Spirit, petrol, has increased to between N1030 and N1,150 per litre following a hike by Dangote Refinery and ex-depot prices of the product.


On Friday, the $20 billion Dangote Refinery announced a fresh ex-depot price hike from N899 per litre to N955 per litre.


According to an email sent to its customers, Dangote Refinery confirmed the new price regime, noting that marketers buying between two million and 4.99 million litres would now buy at N955/litre, while five million litres and above would buy at N950/litre.


This represents a N55 or 6.17 percent petrol price increase from N899.50/litre announced as a holiday discount for Nigerians last December.


Dangote Refinery’s petrol price increase had sparked different degrees of retail price adjustment across filling stations.


The spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, confirmed that the product may sell above N1,100 per litre across members’ filling stations nationwide.

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