Business

IPMAN leader backs police action against factional president

Published

3 years ago

June 27, 2021

President of the Independent Petroleum Marketers Association of Nigeria, Alhaji Sanusi Abdu Fari, has called for calm among members of group in the face of leadership crisis.

He expressed support for the police intervention in trying to oust a factional president of the association, to allow those legally recognized as executive members o the association to run the affairs of the group.

He was reacting to the alleged invasion of the office of the IPMAN reportedly occupied by Elder Chinedu Okoronkwo, who also claims to be the president.

In a statement signed by the National Publicity Secretary and Public Relations Officer of IPMAN, High Chief Ukadike Chinedu, the president said the police had only followed due process to ensure the tenets of democracy and rule of law prevailed over sheer force, impunity and falsehood.

The IPMAN boss described Okoronkwo as an impostor, who had continued to cry wolf over a monumental lie they had tried to perpetuate since December 14, 2018 when the Supreme Court delivered a judgment in the IPMAN leadership crisis.

He declared that Okoronkwo had continued to impersonate the national president since 2014, challenging him and his team to point out one line in the judgment of the apex court which affirmed him as IPMAN’s president.

But Okoronkwo said he remained the authentic president of IPMAN, based on the Supreme Court judgement of December 14, 2018 wherein he was declared the winner of the case between him and Lawson Obasi, the erstwhile president of IPMAN.

Okoronkwo wondered where Fari, who claimed to be the president of IPMAN, was drawing his strength from, stressing that his name was never joined as a party to the suit between him and Obasi Lawson.

“Now, where is Fari coming from? I defeated Obasi, his master. Based on the judgement of the court, Obasi has paid N2m through his lawyer to me. Not only that, after all these Supreme Court judgement, last year 2020, Obasi went to court in Abuja here, based on that Calabar matter, to say I am an impostor, the court dismissed his matter,” he said.

Fari’s statement read in part, “The National President of IPMAN, Alhaji (Engr.) Sanusi Abdu Fari, and members of his executive speaking through the National Publicity Secretary/ Public Relation Officer, High Chief Ukadike Chinedu, said the NEC members are grateful to President Muhammadu Buhari, GCFR, the Minister of State for Petroleum Resources, Inspector-General of Police, the management of the NNPC and the FCT police command for showing abiding respect for due process and rule of law.

“Most unfortunately, true to their name and antics, one Elder Chinedu Okoronkwo and his band of impostors have continued to bleat about and cry wolf over a monumental lie they have tried to perpetuate since 14th December, 2018 when the Supreme Court delivered judgment in the IPMAN leadership crisis.

“We hereby challenge Elder Chinedu Okoronkwo and his rabble-rousers to point out one line in the judgment of the apex Court which affirmed him and Alhaji Danladi Pasali as National President and National Secretary respectively of IPMAN. Nothing is further from the truth!

“A lie repeated a thousand times does not transform into truth. It is common knowledge that the judgment of the Supreme Court in Appeal No. SC/15/2018 was interpreted and applied by the Federal High Court, Calabar in a judgment delivered on 21st February, 2019 in Suit No. FHC/C/CS/3/2019.

“That judgment in conjunction with the judgment of the Supreme Court put to rest the leadership dispute in IPMAN as they affirmed the provision of the 1997 Constitution of the association that the Deputy National President automatically becomes the National President!

“The apex court stated the constitutive instrument to determine the tenure of office is the ipman constitution which provides three years tenure for national executive.

“It is worthy of note that following the judgment of the apex Court and the judgment of the Federal High Court, Calabar, the Hon. Attorney-General of the Federation and the Honourable Minister of State for Petroleum Resources wrote their respective letters dated 20th May, 2019 and 27th January, 2020 recognizing Alhaji (Engr.) Sanusi Abdu Fari as the National President of IPMAN.

“The Inspector-General of Police has merely followed due process and ensured that tenets of democracy and rule of law prevail over sheer force, impunity and falsehood. It is worthy to reiterate the obvious fact that Elder Chinedu Okoronkwo and his henchmen are impostors and they ought to know that their luck will sooner or later run out!

“Chinedu Okoronkwo has continued to impersonate the office of the national president since 2014 till date .

“We thank the police and other security agencies for their courage in tackling the challenges posed by these impostors and taking steps to make right that which has been wrong all along.

“We hereby call on all members of IPMAN to embrace peace and be law-abiding as we vow to continue to cooperate and work closely with the Federal Government and other stakeholders to ensure that peace prevails in the downstream sector of the Nigerian Oil and Gas Industry.”

Railway

Lagos Rail Mass Transit part of FG free train ride – NRC

Published

14 hours ago

December 21, 2024

Trends Admin

Lagos Rail Mass Transit part of FG free train ride – NRC

The Nigerian Railway Corporation (NRC) has disclosed that the Lagos Rail Mass Transit (LRMT) trains are included in the Federal Government’s free train ride initiative for the Christmas and New Year celebrations.

The LRMT, which currently includes the Phase 1 Blue Line Rail and the Phase 1 of the Red Line Rail, operates under the Lagos Metropolitan Area Transport Authority (LAMATA).

This announcement was made by Ben Iloanusi, the Acting Managing Director of the NRC, during an interview on NTA News TV on Friday, following the launch of the initiative earlier that day.

While Iloanusi stated that Phase 1 of both the Blue Line and Red Line Rail projects are part of the program, LAMATA has yet to confirm this inclusion.

Lagos Rail Mass Transit part of FG free train ride – NRC

Business

NNPC denies claim of Port Harcourt refinery shutdown

Published

15 hours ago

December 21, 2024

Trends Admin

Port Harcourt refinery

NNPC denies claim of Port Harcourt refinery shutdown

The Nigerian National Petroleum Company Limited (NNPCL) has denied claims in media reports that the newly refurbished Port Harcourt refinery has shut down.

The national oil company denied the claim in a press release issued by its Chief Corporate Communications Officer, Olufemi Soneye, on Saturday.

Soneye said the claim was false and urged Nigerians to disregard it. He stressed that the Port-Harcourt Refinery is fully operational.

NNPC denies claim of Port Harcourt refinery shutdown

Business

CBN permits BDCs to buy up to $25,000 FX weekly from NFEM

Published

2 days ago

December 20, 2024

Trends Admin

CBN Governor, Olayemi Cardoso

CBN permits BDCs to buy up to $25,000 FX weekly from NFEM

The Central Bank of Nigeria (CBN) has granted Bureau de Change (BDC) operators temporary permission to purchase up to $25,000 weekly in foreign exchange (FX) from the Nigerian Foreign Exchange Market (NFEM).

This move, detailed in a circular dated December 19, 2024, is designed to meet seasonal retail demand for FX during the holiday period.

The circular was signed by T.G. Allu, on behalf of the Acting Director of the Trade and Exchange Department.

The arrangement will be in effect from December 19, 2024, to January 30, 2025.

Under the directive, BDCs may purchase FX from a single Authorized Dealer of their choice, provided they fully fund their accounts before accessing the market.