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Civil rights group calls for investigation of Matrix Oil over importation of blended crude, violation of sanctions on Russian oil

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*Civil rights group calls for investigation of Matrix Oil over importation of blended crude, violation of sanctions on Russian oil

 

 

The Centre for Accountability and Transparency (CAAT) has called for an investigation into Matrix Oil’s importation of blended crude oil, alleging violation of international sanctions on Russian oil.

Speaking at a press conference, convener Okwa Dan claims Matrix Oil’s actions have caused economic sabotage, environmental pollution, and health risks to Nigerians.

The group alleges that Matrix Oil imported adulterated petroleum products from Malta, resulting in a $2.8 billion bill for Nigeria in 2023 alone.

Dan adds that the company’s actions violate international sanctions on Russian crude oil, which could lead to diplomatic crises for Nigeria.

“The oil products imported from Malta by this company are also dirty on the ethical level because it is the product of the violation of international sanctions imposed on Russia to deter it from waging an unjust war on a sovereign nation, Ukraine, which it invaded,” the statement said.

“The sanctions capped the purchase of Russian crude at $60 per barrel but the landing cost claimed by Matrix Energy Limited is confirmation that they are paying higher than the capped price for Russian crude that they blend and refine in Malta. This exposes Nigeria to diplomatic crises that could further compound all that we are going through.

“But what we are now seeing is that the quarry is now hunting the hunter. The company indicted in the importation of the dirty petrol, Matrix Energy Limited, is now using the judiciary to hound media organisations that publish stories of its economic sabotage against Nigeria.

“Matrix Energy Limited its chief executive officer, Abdulkadir Adisa Aliu, has asked a Federal Capital Territory High Court to stop media houses from publishing stories about its tainted oil importation.

“This futile effort on the part of Matrix Energy Limited flies in the face of Section 22 of the Constitution of the Federal Republic of Nigeria (as amended) as it stipulates that ‘The press, radio, television and other agencies of the mass media shall at all times be free to uphold the fundamental objectives contained in this Chapter and uphold the responsibility and accountability of the Government to the people’.

“Had the indicted company conducted its damaging deal alone perhaps it would have had recourse to the court stopping citizens from asking questions. But to the extent that it allegedly ran this racket in collusion with the Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Corporation (NNPC) Limited, Mallam Mele Kyari, government business is involved. Since the government is involved media houses have the responsibility to report and hold the government accountable.

“Section 39 of the 1999 Constitution also declared that “every person shall be entitled to freedom of expression, including freedom to hold opinions and to receive and impart information without interference”. As Nigerians, we will do all that we have to do to get information about things that affect us as humans and contaminated petrol that causes us economic ruin, and environmental damage and destroys our health is of interest to us to the extent that Matrix Energy Limited cannot curtail.”

CAAT urged the Economic Financial Crimes Commission (EFCC) to arrest and prosecute those involved in the alleged economic sabotage.

The group also called on the Federal Competition and Consumer Protection Commission (FCCPC) to investigate Matrix Oil for causing harm to consumers and the National Environmental Standards and Regulations Enforcement Agency (NESREA) to assess the environmental impact of the tainted oil products.

Furthermore, CAAT requested that the Price Cap Coalition, comprising the G7, the European Union, and Australia, impose targeted sanctions on Matrix Oil and its officials for violating sanctions against Russia.

The statement added: “There are reports that it instituted this suit to shield accomplices in NNPCL and other members of its cabal. We at the Centre for Accountability and Transparency (CAaT) urge Matrix Energy Limited and its CEO to toe the path of honour and give up the detailed list of its collaborators and their modus operandi instead of bluffing with litigation and trying to gag the press. Not even the military junta of yore were able to repress the ever-vibrant Nigerian media.

“Since we have seen that Matix Energy Limited and its accomplices, including those in the NNPCL are recalcitrant and unwilling to stop their economic sabotage, the CaaT is calling on the Economic Financial Crimes Commission (EFCC) to arrest and prosecute every one of those that have committed the acts of economic sabotage and violated the international sanctions imposed on crude oil of Russian origin.

“We further invite the Federal Competition and Consumer Protection Commission (FCCPC) to investigate Matrix Energy Limited since the dirty fuel it distributed in the country has caused harm to consumers in different forms including economic losses occasioned by damaged automobiles and generators.

“The National Environmental Standards and Regulations Enforcement Agency (NESREA) must similarly look into the impact of these tainted oil products on the environment to cause the cessation of further importation of such and to make the culprits behind it pay the relevant fines.”

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

 

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets

 

 

Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.

 

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

 

 

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.

 

 

In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

 

 

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

 

 

Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

 

 

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.

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Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

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Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

NNPC Debunks Shutdown Rumors, Confirms Port Harcourt Refinery Fully Operational

 

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports circulating in certain media outlets claiming that the Old Port Harcourt Refinery, which was re-streamed two months ago, has been shut down.

In a statement released by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Ltd, the company clarified that the refinery is fully operational. The statement noted that the facility’s operational status was recently verified by former Group Managing Directors of NNPC during a site inspection.

“Preparation for the day’s loading operation is currently ongoing,” the statement confirmed, emphasizing that allegations of the refinery’s shutdown are baseless and intended to create panic or artificial scarcity in the fuel market.

NNPC Ltd urged members of the public to disregard such misleading reports, labeling them as the work of those seeking to exploit Nigerians.

The Old Port Harcourt Refinery has been in operation since its re-streaming, and the company remains committed to ensuring stability in the supply of petroleum products across the country.

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Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

In a show of solidarity, the Committee of Banks in Nigeria has extended a helping hand to victims of the September 2024 floods in Jigawa State. On Thursday, a high-profile delegation led by Dr. Oliver Alawuba, Chairman of the Committee and Group Managing Director/Chief Executive Officer of United Bank for Africa Plc (UBA), visited Dutse, the state capital, to present relief materials to the state government.
The donated items, worth several million Naira, included essential food supplies such as rice and cooking oil, along with mattresses and beverages. Dr. Alawuba highlighted that the gesture aimed to alleviate the hardship faced by flood victims and support critical institutions, especially public hospitals, in their efforts to assist those affected.
“We stand in solidarity with the people and government of Jigawa State during this difficult time. This donation is our way of expressing empathy and supporting those who have lost loved ones, properties, and livelihoods,” Dr. Alawuba stated.
The delegation included notable banking leaders such as Mr. Roosevelt Ogbonna of Access Bank Plc, Dame (Dr.) Adaora Umeoji of Zenith Bank Plc, and Dr. (Mrs.) Nneka Onyeali-Ikpe of Fidelity Bank Plc, among others. Their collective presence underscored the banking sector’s commitment to corporate social responsibility and national development.
Governor Malam Umar A. Namadi expressed profound gratitude for the donation, describing the visit as a rare and commendable act of compassion. He assured the delegation that the relief materials would be judiciously distributed to the intended beneficiaries, emphasizing the importance of partnerships in rebuilding lives and communities.
The Committee of Banks also reiterated their commitment to supporting Nigerians during emergencies, drawing attention to previous interventions, including relief efforts during the 2011 and 2013 floods, the COVID-19 pandemic, and security initiatives like the Lagos State Security Trust Fund.
This humanitarian gesture reflects the collective resolve of Nigeria’s financial institutions to foster social and economic growth, making a meaningful impact in times of need.
Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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