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Dangote Cement trucks wrongfully intercepted in Adamawa

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7 months ago

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Dangote Truck
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…We don’t need to export to Cameroun where we have an existing cement plant

The management of Dangote Cement Plc has stated that two of its trucks that were wrongly intercepted in Adamawa State have been released.

The company stated the two trucks loaded with 900 bags of cement each from the Obajana Cement Plant were on their way to Jamtari, Maiha Local Government, Adamawa State, based on a customer’s request.

However, they were intercepted by security agents who accused them of trying to export banned products to the Republic of Cameroun through the Adamawa routes. The interception, on Friday, February 9, 2024, followed an executive order banning the transportation of food and building materials across the country’s border through Adamawa routes by the Adamawa State Government.

A statement signed by the Group’s Chief Branding and Communication Officer, Mr. Anthony Chiejina, revealed that the company has a functional cement plant in Cameroun and that, the allegation of attempting to export cement there is false and malicious.

Chiejina explained that the two trucks were on their way to deliver products requested by a customer and wondered why the security agents would intercept and accuse them of attempting to divert their load to the Republic of Cameroun.

Mr. Chiejina said: “It was surprising that on their way to deliver the products to the stated address, the security agents on that particular route intercepted them at a village called Wurolabi.”

He said the officers who made the arrest insisted the trucks were on diversion since they apparently did not pay attention to details of what was written on the Waybill. The company said the two drivers tried to explain to the soldiers but to no avail.

He added: Our officials were thereafter invited by the DSS Adamawa State, and we explained to them the true position of things.  We had to show them the tracking movement of the trucks from the DCP Obajana to the last point where they were arrested by the soldiers, to convince them that the trucks were not crossing to the republic of Cameroon as was being wrongfully insinuated by some media.

In the same vein, the Government of Adamawa State, in a press briefing with the Adamawa State Police Headquarters, also on Friday 16th Feb confirmed that both trucks were intended to deliver within the state and were escorted by police to deliver the products to the customer.

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It is illegal for NNPCL to fix price of Dangote petrol – Falana

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1 day ago

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September 17, 2024

By

Femi Falana, SAN
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Human rights lawyer, Femi Falana, SAN, says it is illegal for the Nigerian National Petroleum Company Limited, NNPCL, to determine the price of Premium Motor Spirit, also known as petrol, for the Dangote Refinery after deregulation.

Falana, who said this in a statement on Tuesday, added that the action of the NNPCL contravenes Section 205 of the Petroleum Industry Act, PIA.

“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.

“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.

DAILY POST recalls 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.

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Dangote refinery: Naira transaction for PMS to begin October 1st – NNPC

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2 days ago

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September 16, 2024

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Dangote refinery
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The Nigerian government has announced that it will begin paying Dangote Refinery in Naira for petrol supply starting October 1st.

This decision was made after a meeting with the Implementation Committee on the Naira crude oil sale.

The government also disclosed that the Dangote Refinery and other local refiners in Nigeria will begin to buy crude oil from the Nigerian National Petroleum Company (NNPC) Limited on October 1, 2024.

The NNPC will supply approximately 385,000 barrels per day of crude oil to the Dangote Refinery, which will be paid for in Naira.

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Dangote Refinery plans sea transport for 75% of local supply, targeting Warri, Port Harcourt, and Calabar

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2 days ago

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September 16, 2024

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Dangote Refinery
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Dangote Refinery has announced plans to transport 75% of its local petroleum product supply via sea routes, targeting key locations like Warri, Port Harcourt, and Calabar.

This shift to sea transportation aims to reduce the higher costs associated with road distribution.

The refinery has the capacity to load 83% of its products by road, but it is ramping up efforts to evacuate nearly all production by sea.

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