NNPC has no right setting price of Dangote petrol - Falana – Newstrends
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NNPC has no right setting price of Dangote petrol – Falana

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Femi Falana

NNPC has no right setting price of Dangote petrol – Falana

Human rights lawyer, Femi Falana, SAN, says the Nigerian National Petroleum Company Limited, NNPCL, do not have the power to fix the price of Premium Motor Spirit, also known as petrol, for the Dangote Refinery after deregulation.

Falana said the NNPCL action violated the Petroleum Industry Act, PIA, which stipulated that the price of petrol must be determined by the market forces

In a statement on Tuesday, the legal luminary said it was an aberration for the NNPCL to peg the price of petrol produced and refined in Nigeria at 950 per litre.

“On September 5, 2024, the Nigerian National Petroleum Corporation Limited (NNPCL) stated that foreign exchange (forex) illiquidity had been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS) governed by unrestrained market forces, as provided for in the Petroleum Industry Act, PIA.

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“The NNPCL was explaining the pump price of PMS imported into the country at the material time. Specifically, the Executive Vice President of Downstream NNPC Ltd Mr. Adedapo Segun, explained that Section 205 of the PIA, which established NNPC Ltd, stipulated that petroleum prices were determined by free market forces.

“But contrary to the well-publicised statement, the NNPCL has fixed the price of PMS produced by the Dangote Refinery and Petrochemical Company Limited. The action of the NNPCL is a violent contravention of section 205 of the PIA, which stipulates that the prices of petroleum products shall be determined by market forces.

“Furthermore, since the petrol sold by Dangote is not imported into the country but produced at the Lekki Economic Free Trade Zone, the NNPCL cannot justify the sale of petrol at N950 per litre without freight cost, lightering cost, jetty depot fees, storage fees, foreign exchange costs, NPA charges: NIMASA charges, Customs duties etc,” he said.

Falana’s outburst followed the commencement of PMS lifting by the NNPCL from the Dangote Refinery.

You would recall that as soon as lifting commenced, NNPCL announced that the product would sell for N950 per litre in Lagos State and its environs, and above N1,000 per litre in states such as Borno.

Reacting, the Independent Petroleum Marketers Association of Nigeria, IPMAN, on Monday, criticised NNPCL, saying it was not right for petrol lifted from the Dangote Refinery to cost higher than imported ones

NNPC has no right setting price of Dangote petrol – Falana

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Salary: FG vows to prosecute private employers paying below N70,000

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Salary: FG vows to prosecute private employers paying below N70,000

The Federal Government has warned companies in the private sectors against paying below the new minimum wage of N70,000.

This is even as the government implored agencies recruiting for the private sector to adhere to the N70,000 minimum wage.

The FG explained that the new minimum wage was aimed at cushioning the impact of the current harsh economic reality and failure to pay it would could attract severe penalty.

The Permanent Secretary, Ministry of Labour and Employment, Kachollom Daju, made this known on Wednesday.

Speaking at the 13th Annual General Meeting of the Employers Association for Private Employment Agencies of Nigeria, held in Ikeja, Lagos, she noted the new minimum was now a law.

She stated that no Nigerian worker, whether in government or private employment, should be paid less than the minimum wage.

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Daju, who was represented by the Director of Employment and Wages of the ministry, John Nyamali, said, “The minimum wage is now a law, and as a result, it is a punishable crime for any employer to pay less than N70,000 to any of its workers.

“The private employment agencies should make it compulsory in any contract they take from their principal that their workers should not earn less than the minimum wage. The least paid worker in Nigeria should earn N70,000, and I think that should be after all deductions.

“The minimum wage is a law, and you can be jailed if you fail to implement it. The Federal Government is committed to ensuring that the least paid worker goes home with N70,000.”

In his remarks, the President of the Employers Association for Private Employment Agencies of Nigeria, Dr. Olufemi Ogunlowo, asked the government and Nigeria Labour Congress to clarify whether the N70,000 minimum wage is net or gross, stating that all vague aspects in the Act should be highlighted and explained.

According to Okoye, the EAPEAN is already committed to the minimum wage, as well as providing decent jobs for Nigerians and guarding against the exploitation of human resources.

“As a labour union in the private sector, we are committed to the implementation of the minimum wage. We are a law-abiding and guided association. Our principals and clients have also keyed into the minimum wage.

“However, the government must clarify whether the N70,000 minimum wage is net or gross. The government and NLC should address all ambiguities in the minimum wage,” he stated.

Salary: FG vows to prosecute private employers paying below N70,000

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Tinubu govt inherited hardship from Buhari administration – Emir

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Emir of Minna Alhaji Umar Farouk Bahago and President Bola Ahmed Tinubu

Tinubu govt inherited hardship from Buhari administration – Emir

The Emir of Minna, Alhaji Umar Farouk Bahago, has stated that the economic challenges currently faced by Nigerians were inherited from the administration of former President Muhammadu Buhari. The Emir made these remarks during a sensitisation event on federal government intervention programmes, organized by the Office of the Minister of Information and National Orientation in Minna, Niger State.

Represented by Alhaji Maikudi Achaza, the Hadinin Minna, the Emir praised President Bola Tinubu for his efforts in addressing the issues caused by past corruption. He pointed out that many citizens remain unaware of Tinubu’s initiatives due to inadequate communication, particularly in local languages.

Former Head of State General Abdulsalami Abubakar also expressed concern about the worsening hardships faced by Nigerians. He urged the Tinubu administration to take urgent action to alleviate the suffering of the people. During a courtesy visit from the Campaign for Democracy and Human Rights, a Minna-based civil society group, Abdulsalami criticized the distribution of palliatives, stating they are not an effective solution to the rising cost of living.

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He emphasized that leaders need to connect with ordinary citizens and understand their struggles, noting that high transportation costs, increased fuel prices, rising school fees, and lack of financial resources are making life difficult for many.

Abdulsalami proposed that the government should sell essential food items at reduced prices to help citizens cope with inflation, rather than relying solely on palliatives. He also urged Nigerians to remain peaceful ahead of the planned #EndBadGovernance protests on October 1, 2024, and advised the government not to take citizens for granted.

The Minister of Information, Mohammed Idris, represented by Asabe Sule Garba, emphasized that the event aimed to raise awareness about the federal government’s efforts to improve the lives of citizens. He reiterated President Tinubu’s commitment to accountability and transparency and called for public support.

Tinubu govt inherited hardship from Buhari administration – Emir

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FG mulls new system against fraud, to enhance identity verification

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Minister of Interior, Dr Olubunmi Tunji-Ojo

FG mulls new system against fraud, to enhance identity verification

The Federal Government has raised concerns about foreigners misusing Nigerian identities and harming the country’s reputation abroad.

Dr. Olubunmi Tunji-Ojo, Minister of Interior, announced plans to harmonise Nigeria’s citizenship database to improve individual and corporate identity management.

Speaking at the start of a three-day national workshop on counter-terrorism financing, organised by the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA), Tunji-Ojo revealed that the new database will facilitate global verification of Nigerian identities, aiding in the fight against money laundering and terrorism financing.

Tunji-Ojo stressed the need to address identity fraud, stating, “Identity fraud must be reduced to nil. It should be impossible for one person to hold different accounts or identities.”

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He highlighted issues where individuals use multiple identities across borders, contributing to misuse of Nigeria’s passport and identity systems.

The minister noted that many individuals damaging Nigeria’s image abroad are foreigners carrying Nigerian passports.

He pledged to create a centralized system for real-time verification of all documents issued within Nigeria, aiming to enhance the accuracy and credibility of Nigerian identities globally.

Mrs. Hafsat Bakari, Director of the Nigerian Financial Intelligence Unit (NFIU), underscored the importance of tracking funds used for terrorism, stating, “Without funds, terrorists and terrorist organisations would not be able to carry out their acts.”

GIABA Director-General, Mr. Edwin W. Harris Jr., reaffirmed the organisation’s commitment to strengthening West African nations’ efforts against money laundering and terrorism financing.

FG mulls new system against fraud, to enhance identity verification

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