SETTING THE RECORDS STRAIGHT ON CITIZEN ASAR MICHAEL SESUGH'S DEATH. (PHOTO).#PRESS RELEASE.

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 Setting the Records Straight on  Citizen Asar Michael Sesugh's  Death The Economic and Financial Crimes Commission,  EFCC,  considered it imperative to clear the air on some recent incidents at its Makurdi Zonal Directorate,  Benue State.   Operatives of the Directorate arrested 26 suspected cyber fraudsters on April 28,  2026.  They were profiled and kept in custody for further investigations after obtaining a Remand Order at a Magistrate Court.  Shortly after their arrest,  specifically on May 4,  2026,  three of the suspects sought permission to use the lavatory at the Directorate's  Holding Facility and were permitted.   They cashed in on the opportunity,  broke the toilet's roof and escaped from detention.  Several efforts were made to re- arrest them to no avail. However,  fresh intelligence came on Thursday,  May 21,  2026 that one of the escaped suspects,   As...
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IPMAN DIRECTS MEMBERS TO PRIORITIZE DANGOTE REFINERY FUEL PURCHASES, EYES OWN REFINERY VENTURES. (PHOTO).

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 IPMAN Directs Members to Prioritize Dangote Refinery Fuel Purchases, Eyes Own Refinery Ventures


Independent Petroleum Marketers Association of Nigeria (IPMAN) has issued a nationwide directive to its members to prioritize buying Premium Motor Spirit (PMS), commonly known as petrol, exclusively from the Dangote Petroleum Refinery, citing the facility's competitive pricing and its role in bolstering domestic refining.


In a statement, IPMAN National President Abubakar Maigandi Shettima emphasized the importance of this move in reducing Nigeria's dependence on imported fuel. "I am calling on all IPMAN members nationwide to prioritise patronising the Dangote Refinery in their purchase of PMS products, as they already offer the best affordable price for all marketers today," Shettima said.


The directive comes amid an upcoming enhancement in supply logistics: Starting January 2026, Dangote Refinery will begin direct supplies of PMS to registered IPMAN members, including free delivery to filling stations across the country. This is expected to further stabilize supply chains and potentially lower pump prices at retail outlets.


IPMAN, which controls over 80% of Nigeria's petrol retail market, argues that continued fuel imports distort market dynamics, drain foreign exchange reserves, destroy local jobs, and deter investments. Shettima criticized the "reckless" issuance of import licenses, urging regulators to prioritize local production. "Continuous import is NOT an acceptable parallel business model," he stated.


Additionally, IPMAN expressed ambitions to enter refinery ownership itself. Shettima called on the new leadership of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to implement policies allowing independent marketers to invest in and operate refineries, aiming to deepen domestic refining capacity.


The association praised President Bola Ahmed Tinubu for recent leadership changes at regulatory bodies, crediting them with enabling stronger partnerships like the one with Dangote Refinery. "The focus of the Dangote & IPMAN partnership has always been geared towards making life better for Nigerians," Shettima noted.


IPMAN also highlighted unresolved issues, including over N190 billion in outstanding bridging claims owed to members.


This development builds on ongoing efforts to shift Nigeria toward self-sufficiency in petroleum products, following years of reliance on imports due to dormant state-owned refineries. Analysts say the strengthened IPMAN-Dangote collaboration could lead to more stable fuel availability and reduced prices in the coming months.

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