NNPCL can buy our refinery out, run it - Aliko Dangote - Newstrends
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NNPCL can buy our refinery out, run it – Aliko Dangote

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Dangote Refinery, Aliko Dangote
Dangote Refinery, Aliko Dangote

NNPCL can buy our refinery out, run it – Aliko Dangote

Aliko Dangote, Africa’s richest man, has expressed his willingness to sell his oil refinery to the Nigerian National Petroleum Company (NNPC) Limited amid ongoing disputes with Nigeria’s regulatory authorities.

Dangote made this statement during an interview with Premium Times on Sunday.

“If they [NNPCL] buy me out and run the refinery the best way they can, they have labeled me a monopolist,” Dangote said. “That’s an incorrect and unfair allegation, but it’s okay. If they buy me out, at least, their so-called monopolist would be out of the way.”

Dangote highlighted the long-standing fuel crisis in Nigeria and the potential of his refinery to help resolve it. He expressed frustration over the opposition he faces, attributing it to some individuals being uncomfortable with his involvement. He also mentioned his age, saying, “I am 67 years old, in less than three years, I will be 70. I need very little to live the rest of my life.”

The billionaire emphasized that his actions are in the best interest of Nigeria, stating, “Everything I do is in the interest of my country. So, I am ready to let go, let the NNPC buy me out, run the refinery. At least the country will have high-quality products and create jobs.”

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Dangote’s refinery, inaugurated in May 2023, has a capacity of 650,000 barrels per day and is located in the free zone area of Ibeju-Lekki, Lagos. While diesel production began on January 12, petrol production has been delayed due to various challenges, including crude supply issues and a fire outbreak at the facility. The refinery has had to import crude from countries like Brazil and the US due to constraints in accessing crude from international oil companies (IOCs) in Nigeria.

At the inauguration, the refinery announced a supply deal with the NNPC and agreed to a 20 percent equity participation. However, only 7.2 percent had been fully paid for before the deadline for acquiring the stake.

Dangote reflected on the obstacles his refinery is facing, noting that some friends and associates had advised him to be cautious about investing billions of dollars into the Nigerian economy. He mentioned one wealthy friend who began investing abroad due to policy inconsistencies and interest group interference, saying, “That friend has been taunting me in the past few days, saying he warned me and that he has been proven right.”

The challenges with crude supply were highlighted on June 4 when Dangote stated that some IOCs were struggling to supply crude to his refinery. This claim was disputed by Gbenga Komolafe, CEO of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), who said that the Petroleum Industry Act (PIA) provides for willing buyer-willing seller transactions. However, Dangote Industries Limited insisted that IOCs were frustrating its crude feedstock requests.

On July 18, Farouk Ahmed, CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), criticized local refineries, including Dangote’s, for producing inferior products compared to imported ones.

NNPCL can buy our refinery out, run it – Aliko Dangote

(PremiumTimes)

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EFCC Arrests Abuja House Agent Over ₦288 Million Property Fraud

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Economic and Financial Crimes Commission (EFCC)

EFCC Arrests Abuja House Agent Over ₦288 Million Property Fraud

The Economic and Financial Crimes Commission (EFCC) has arrested an Abuja-based real estate agent, Hajia Adama Ahmed Adamu, in connection with an alleged ₦288 million property fraud, the agency confirmed on Wednesday.

According to the EFCC, operatives of its Ilorin Zonal Directorate apprehended Adamu following a petition from a complainant, Alhaji Tanko Yawale, who alleged that the agent collected the funds under the pretext of facilitating the purchase of a property at House 31, Haile Selassie Street, Asokoro, Abuja.

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“Following the payment, Hajia Adamu allegedly failed to provide valid property documents and became evasive, raising suspicion and prompting a formal petition to the EFCC,” the commission stated on its official X handle.

Property-related fraud continues to be a recurring concern in Nigeria’s real estate sector, particularly in major cities like Abuja, where unsuspecting buyers often fall victim to agents posing as legitimate intermediaries. In response, the EFCC has intensified enforcement against land and housing scams, urging Nigerians to verify ownership and documentation before making payments.

The suspect is currently in EFCC custody as investigations continue. The commission also reiterated a warning to the public to remain vigilant against fraudulent property schemes and to report any suspected cases promptly.

EFCC Arrests Abuja House Agent Over ₦288 Million Property Fraud

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Alkali resigns as Transport minister to chase Gombe governor’s seat

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Alkali resigns as Transport minister to chase Gombe governor’s seat

 

The race for Gombe State’s Government House has officially claimed its latest heavyweight contender. Saidu Ahmed Alkali has stepped down from his role as the Minister of Transportation to focus entirely on his 2027 governorship bid.

Alkali’s exit follows a high-profile meeting with President Bola Tinubu at the Presidential Villa on Tuesday.

His departure was formalized via a circular from the Office of the Secretary to the Government of the Federation (SGF), Senator George Akume.

The move is not just about personal timing; it’s about legal compliance. Alkali is adhering to:

* Section 88(1) of the Electoral Act, 2026: Which mandates officials to vacate office before seeking elective posts.

* The INEC Timetable: With party primaries for the 2027 elections looming, the window for transition is closing.

* Presidential Directive: President Tinubu has been firm that any cabinet member eyeing an elective seat must resign before the primary process begins.

Alkali, a veteran politician and former Senator for Gombe North, is now the third member of the Federal Executive Council (FEC) to trade their ministerial portfolio for a campaign trail.

His resignation leaves a vacancy in the Ministry of Transportation at a critical time for the nation’s infrastructure projects, but signals a tightening of the political battlefield in Gombe.

The circular confirming the development was issued by the Permanent Secretary, General Services Office, Ibrahim Kana.

The circular stated that the directive “followed the provisions of Section 88(1) of the Electoral Act, 2026, as well as the timetable released by the Independent National Electoral Commission (INEC) for party primaries ahead of the 2027 election.”

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US Senator Ted Cruz Alleges Nigerian Officials Behind Christian Killings

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US Senator Ted Cruz
US Senator Ted Cruz

US Senator Ted Cruz Alleges Nigerian Officials Behind Christian Killings

United States Senator Ted Cruz has alleged that some Nigerian officials are complicit in attacks on Christians, warning that the United States could impose sanctions on those found responsible.

Cruz made the claim while reacting to the recent Plateau killings, particularly the deadly attack in Jos North area of Plateau State.

In a post on X, the lawmaker stated that American authorities are aware of those allegedly enabling the violence. He accused certain officials of creating an environment where Christians are “routinely persecuted and slaughtered,” adding that the U.S. has the tools to hold such individuals accountable.

The remarks followed a Palm Sunday attack on Angwan Rukuba, where gunmen invaded the community around 8:30 p.m., killing at least 12 people. Police confirmed the victims included 10 men and two women, with additional bodies later recovered during search operations.

The timing of the attack, coinciding with a major Christian observance, has heightened concerns about religious violence in Nigeria, particularly in the Middle Belt region.

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Governor Caleb Mutfwang visited the affected community, expressing sympathy to victims’ families and vowing justice.

“Your pain is my pain, and the pain of Plateau State. My administration will pursue justice relentlessly until the perpetrators are brought to book,” he said.

The state government also announced emergency measures, including free medical treatment for the injured and dignified burials for the deceased.

To prevent further breakdown of law and order, authorities imposed a 48-hour curfew in Jos North, which lasted from midnight March 29 to April 1, 2026. Security presence was also reinforced, with additional personnel deployed to stabilise the area.

Security agencies have since intensified operations to track down those responsible for the attack, while residents remain on edge.

Cruz’s comments have reignited international scrutiny over Nigeria’s security situation, especially recurring violence in the Middle Belt.

However, the Federal Government of Nigeria has consistently rejected claims of targeted religious persecution, maintaining that the violence is driven by criminality, insurgency, and communal conflicts rather than a coordinated campaign against Christians.

President Bola Tinubu has also dismissed allegations of religious genocide, stating that Nigeria’s challenges stem from terrorism and extremism, not faith-based targeting.

Similarly, National Security Adviser Nuhu Ribadu has engaged with U.S. officials in past diplomatic efforts to clarify the country’s security realities.

Despite these assurances, incidents like the Plateau attack continue to raise both local and global concerns, with growing calls for stronger action to curb violence and ensure accountability.

US Senator Ted Cruz Alleges Nigerian Officials Behind Christian Killings

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