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FamilyRe: "Treat Daddy As Your God” — UK Nigerian Mum, Kids Kneel In Emotional Video by Sayvick(m): 12:40pm On Feb 25
Daddy dying slowly
BusinessRe: No Bank Is Allowed To Debit Your Account Over Loan Repayments Unless... by Sayvick(m): 9:04am On Dec 10, 2025
giftson102:
There is one banking truth in this country that will shock you. And the banks will never tell you this.

Because it is one of the biggest tools they use to debit people’s accounts without warning.
And Nigerians, out of fear and ignorance, think it is normal.

But this is not normal. It is illegal. And you can sue the bank or report them to CBN.

Let me explain it clearly.

You see that thing that someone will send you money and the bank will automatically deduct or take all of the money for loan repayment?

By law, no bank in Nigeria has the right to debit your account for any loan repayment unless you signed a written debit mandate.

Not “verbal agreement.”
Not “you applied on the app.”
Not “the loan officer said so.”
Not “you clicked accept.”
Not “we assumed you agreed.”

Even if you are owing Billions, there must be a clear, documented, signed mandate giving the bank permission to take money from your account before they can legally do so.

This is a Central Bank of Nigeria consumer-protection rule, and it protects Nigerians from unauthorized deductions, intimidation, and exploitation.

So why do banks get away with illegal debits?

Because most Nigerians don’t know the law. (I don’t know why no musician has produced “Show Me the Law Song” we need such a song because most Nigerans don’t know the law.)

Most people don’t know they even have this right.
Most don’t know debit mandates must be signed physically or digitally with proper documentation.
Most don’t know they can challenge the deduction.
Most don’t know they can demand the signed mandate.
Most don’t know the bank must refund if the mandate doesn’t exist.

So the banks take advantage of the ignorance.

They debit you from another account.
They take money from your salary account.
They clean out your savings.
They go into dormant accounts.
Some even enter joint accounts.
And when you complain, they intimidate you with technical language.

“System flagged your account.”
“Your BVN is linked.”
“It’s part of the loan terms.”
“It was in the app.”

But the law remains:

Without a signed, specific debit authorization, the bank has no legal right to touch your money.

None.

What you can do starting today:
-Ask your bank to show you the signed debit mandate on any loan you owe.

-If they cannot produce it, request an immediate refund.

-If the bank refuses, report them directly to CBN Consumer Protection: cpd@cbn.gov.ng

-Attach your bank statement and complaint.
-CBN usually forces the bank to refund the unauthorized deduction.

Banks fear CBN queries more than anything else.

Know your rights, but most importantly, pay your debts.
Trying hard to make a point is okay.

Have you heard of "Right of Set-off" before? It is on the account opening package you fill and sign when opening an account.

Account A can be debited to offset account B of the same customer.

Make I shock you? Your account in Bank A can be debited to clean ur gbese in Bank B - not in practice yet.

Question is, why do you want to owe without paying?

Your gbese is another customer's credit balance.
PoliticsRe: US Rep Riley Moore: Thank You President Tinubu – US-Nigeria Partnership Launched by Sayvick(m): 7:00pm On Dec 08, 2025
Salewa97:
The US are not here to help us but to help themselves. We should be wary of their deceptive intentions
When you were on ur own without a helper, wetin u gain from Nigeria?
FamilyRe: Black Tax: Africa’s Silent Killer Of Dreams by Sayvick(m): 12:13pm On Oct 05, 2025
Don't you worry, it will soon be your turn. Because the whites don't do it means it is wrong in Africa.

It sounds like a good write-up to you, but you're completely wrong.

The whites have social net for every cadre of their citizens. If you are out of job, if you are sick, if you are old.

Africa has none, our family system is our social net, but you won't understand yet.

Grow a little more.
CrimeRe: Residents Hail Bandits, Snap Photos During Community Visit (Photos/Video) by Sayvick(m): 6:14pm On Sep 02, 2025
If you cannot beat them you bite them...
PoliticsRe: Senators’ Productivity Index: Ekiti Leads, Sokoto And FCT Rank Lowest by Sayvick(m): 5:43am On Aug 27, 2025
DrMB:
Why does tiny Ekiti outshine giant Kano and Lagos in senatorial productivity? How can the Federal Capital Territory, the political heartbeat of Nigeria, rank dead last? And what explains Sokoto’s slide to the bottom despite its storied political heritage?

These are the puzzles thrown up by the latest Senators’ Productivity Index (June 2023 – June 2024), which ranks Ekiti at the very top with a staggering 292 points, while Sokoto and the FCT trail behind with scores of 15 and 11 respectively.


https://x.com/thecableindex/status/1960417852919570655
How dare you refer to Ekiti as "Tiny"? Have you had an aerial view of the State before? State of honour!

Please be modest in your commentary, such that your language will not diminish your message.

Ekiti is the knowledge reservoir of the Nation so you don't expect anything short of excellence.
TravelRe: Why Are Lagos Metro Trains So Clean? (Video) by Sayvick(m): 2:05pm On Aug 18, 2025
Quintessence44:
I've been inside metro trains all over the world.

But Lagos city metro trains are a different class.

Extremely clean inside.

Back when they were still building this project, many predicted that the whole thing would be ruined by dirty Lagosians packing their market wares and all this funny stuff into the train.

Some said people would even carry their goats and hens that they're selling into the trains etc.

But the network has been up for some years now, and expanding with new lines, yet, with no sign of such deterioration.

In fact the opposite is the case.

In cleanliness, Lagos trains and train stations surpass what you'll see in London, New York and all these places.

I think we underestimate ourselves too much in this country.


https://www.youtube.com/watch?v=SQWbxYn-nPU
Won tun ti de, if e clean, why? If e no clean, why? Which one una wan truly?. Make una talk. Everything is possible.
PoliticsRe: Newly Sworn-in Lagos Councillor Dies Two Weeks After Oath Of Office by Sayvick(m): 4:08pm On Aug 13, 2025
wowcatty:
Check her deputy well, someone is over-ambitious.
Wonders shall never end! Councillor dey get deputy?

What title is for the deputy?
CelebritiesRe: Isreal DMW Thanks Davido & His Wife For The New House He Built by Sayvick(m): 3:55pm On Aug 12, 2025
adamkkk:
for dix cubicle?


even my house sef is three times better than this nd i don't go online to worship celebrities
Just free him.
This is the current state of loyalty and gratitude and he is not done yet.

The difference between you and him is that between the 9 ungrateful lepers and the only 1 who returned to Jesus.
PoliticsRe: Buhari In His Own Words: A Presidency Through Quotes by Sayvick(m): 9:35am On Jul 14, 2025
He also infamously referred to a Zone in Nigeria as "a Dot in a circle".
SportsRe: I Need To Get This Monkey Off My Back As Kamoru Usman Coast To Victory - Ufc Atl by Sayvick(op): 12:15pm On Jun 16, 2025
Dronedude:
That's racism in the animal kingdom. You don't say such a thing about your fellow man in colour and nature.
You're not interpreting his mind bro....he meant it differently
SportsI Need To Get This Monkey Off My Back As Kamoru Usman Coast To Victory - Ufc Atl by Sayvick(op): 7:30am On Jun 15, 2025
The fight started with so much optimism.

Kamoru Usman “The Nigerian Nightmare” was rated Underdog with +220 and Joaquin “New Mansa” Buckley as favourite with -275, according to BetMGM.

In round one, Kamoru Usman took Joaquin down at 1 minutes into the round and had him on his back all through the round.

More conscious now, Buckley did not allow takedown until 2 minutes into round 2, and he remained on his back till the end of the round.

Round 3 and 4 were met with a level of resistance with Buckley refusing to be taken down, albeit submitted to the superior antics of Usman and remained on his back in both rounds.

Round 5 was entirely different as Joaquin refused takedown attempts from Usman and made frantic efforts at boxing to victory with Uman putting his experience to work.

Worthy of notes was two attempts at knocking Usman down with leg head kick as done by Leon Edwards in UFC 278 in August 2022 with no effect on the eventual Victor.

To cheer Kamoru Usman to victory on the ring side was the famous Nigerian Afrobeat superstar- Davido, standing side by side with former UFC champion Francis Ngannou.

Kamoru Usman won with unanimous victory from the three judges, paving the way for a title shot.

It may interest you to know that Kamoru Usman recorded three losses before this match while Joaquin won his last three fights.

At the end of the match, Kamoru Usman was so emotional, he cried and could not utter words for a few seconds during the interview in the ring and eventually declared that his intention was to get “this monkey off my back” before looking to do greater things in the ring even at 38.

PoliticsRe: "Fasoranti, Madunagu": Presidency apologises for error in posthumous awards list by Sayvick(m): 4:51am On Jun 13, 2025
Kaycee9242:
Why are they always making this kind of carless mistake? Is it that they don't go through their lists thoroughly? This Was how Buhari appointed dead man into cabinet that year
The same way you wrote carless instead of careless...
RomanceRe: Australia ‘most Sexually Active Woman’ Hospitalised After Sex With 583 Men A Day by Sayvick(m): 2:38pm On May 25, 2025
Lori Iro.

How was it done, was it 2 minutes each for 583 men on the queue.

Because we only have 288 5-minutes in 24 hours!
CelebritiesRe: Portable’s Signee In Tears, Pleads For The Release Of His Label Boss(photos/vid) by Sayvick(m): 10:05pm On Apr 14, 2025
Na skit...
PoliticsRe: Expect More Fuel Price Drop Amid NNPC, Dangote War – PETROAN, IPMAN To Nigerians by Sayvick(m): 7:39pm On Mar 04, 2025
Eleda wa ma sun o. Aja tuka ni ta gbarin...
Foreign AffairsRe: Burkina Faso Lawyers And Judges Now Wear African Attire In Court (Photos) by Sayvick(m): 9:59pm On Mar 02, 2025
GOFRONT:
Question is..... How does that Absolve them from being a chronic liar when judging cases??
Shaaa let us start from somewhere by identifying ourselves first.
BusinessCbn Approved Bank Charges (photo) by Sayvick(op): 8:43pm On Feb 28, 2025
Integrity in the banking space is 100%. There is no room for sharp practices, especially with the eagle eyes of the internal control and compliance team as far as bank staffers are concerned. The same way it goes for the banks with the Central Bank of Nigeria on standby watching for infractions.

However, the CBN has approved charges for some services in the bank and a knowledge of it can only help you track activities in your account.

Below are some CBN Approved service charge in the Bank
1. Statement of Account =N=20.00
2. Counter cheque =N=50.00
3. Status enquiry =N=500.00
4. ATM Card =N=1000.00
5. Hard Token =N=2,500.00
6. Stop cheque =N=500.00
7. Safe custody = Negotiable
8. Returned cheque =N=5,000.00 (unfunded account)
9. Standing order = free (intra bank)
10. Standing order =N=50.00 (other bank)
11. Local Money Transfer =N=200.00 (walk-in customer)
12. Bank Draft (current) - =N=300.00
13. Bank Draft (savings) =N=500.00
14. Bank Draft (walk-in) =N=500.00 +0.1 of Draft value
15. Soft Token = free
PoliticsRe: ACP Dauda Buba Fika Is Dead by Sayvick(m): 3:37pm On Feb 05, 2025
PoliticsRe: Prophetess Naomi’s Mother Cries Out! 'Come To My Daughter’s Aid' (Video) by Sayvick(m): 10:02am On Dec 26, 2024
Mugu44:
Ooni should stop being petty.
If a woman rejects you, move on.

Witch hunting her shows that you haven't gotten over her and she is bigger than you.
The name of a child plays an important role in the child's life, make a wise choice of name for yourself.
Christianity EtcBRO. Elon Musk Became Rhapsody of Realities Top Partner by Sayvick(op): 4:19pm On Nov 17, 2024
BRO. 𝗘𝗟𝗢𝗡 𝗠𝗨𝗦𝗞 𝗡𝗔𝗠𝗘𝗗 𝟮𝟬𝟮𝟰 𝗧𝗢𝗣 𝗣𝗔𝗥𝗧𝗡𝗘𝗥 𝗢𝗙 𝗥𝗛𝗔𝗣𝗦𝗢𝗗𝗬 𝗢𝗙 𝗥𝗘𝗔𝗟𝗜𝗧𝗜𝗘𝗦 𝗔𝗧 𝗜𝗣𝗣𝗖 𝗖𝗢𝗡𝗙𝗘𝗥𝗘𝗡𝗖𝗘

In an unprecedented move, Elon Musk, CEO of X (formerly Twitter), has been declared the 2024 Number One Partner of Rhapsody of Realities, a bestselling devotional authored by Pastor Chris Oyakhilome.

The announcement was made at the ongoing International Pastors and Partners Conference (IPPC) held in Lagos, Nigeria. Pastor Chris Oyakhilome, founder of Christ Embassy, praised Musk's outstanding contributions to spreading the Gospel of Jesus Christ.

"Elon Musk's dedication to the Gospel is remarkable," Pastor Chris said. "His innovative use of technology to reach millions with the message of salvation has been invaluable. We acknowledge his efforts in preparing the way for the soon-coming of our Lord Jesus Christ."

Musk's partnership with Rhapsody of Realities has enabled the devotional to reach new heights, with Billions of copies distributed worldwide. His support has also facilitated the translation of the book into multiple languages.

"Elon Musk's commitment to the Gospel is a testament to the power of faith and innovation," said Pastor Chris. "We celebrate his achievements and look forward to continued collaboration in spreading the Good News."

This unexpected recognition highlights the intersection of technology and faith, demonstrating the potential for collaboration between influential leaders from diverse fields.

#IStandWithPastorChris
#monthofeagles
#PastorChrisLive
#PastorChris
#YearOfRedemption

PetsRe: Dingo Dinkelman 'South Africa's Steve Irwin' Dies Of Snake Bite At 44 by Sayvick(m): 5:43am On Nov 03, 2024
Iku Ogun ni pa akikanju...
Technology MarketPlease Help I Am Unable To Load Ekedc Prepaid Meter by Sayvick(op): 11:25am On Oct 19, 2024
Guys, since yesterday I have been trying to load my EKEDC Prepaid meter unsuccessfully with the error message "Bill query failed".

I visited POS and even EKEDC receiving similar error message.

Has anyone experienced this and what are the alternatives, painfully so there is constant light in my hood

PoliticsRe: Governor Adeleke Pays Condolence Visit To Senator Saraki In Lagos by Sayvick(m): 7:10am On Jun 28, 2024
Which one be "accompanied by Davido's father"?

The man no get name? Abi na Davido's father be him name!
BusinessDealers Demand N850/litre Diesel As Dangote, Marketers Meet by Sayvick(op): 5:17am On Apr 10, 2024
Dealers demand N850/litre diesel as Dangote, marketers meet

As price is fixed at N1,225 by the company and import landing cost is put at N1,250


Oil marketers have called for a downward review in the pump price of the Automotive Gas Oil, popularly called diesel, being produced by the Dangote Petroleum Refinery to between N700 and N850/litre, as operators plan to meet managers of the refinery next week.

The largest downstream marketing association, the Independent Petroleum Marketers Association of Nigeria, which made the call in an interview with The PUNCH, said the N1,225/litre diesel price from the indigenous refinery was high because the commodity was produced in Nigeria and not imported.

The Petroleum Products Retail Outlets Owners Association of Nigeria also called for a reduction in the price of Dangote diesel.

The groups called for the intervention of the Federal Government and urged the managers of the refinery to consider the high cost of logistics required to transport the product from Lagos where the refinery is located.

The oil marketers pointed out that the product is being landed in Nigeria by some importers at N1,250/litre following the appreciation of the naira against the dollar, adding that this should be another reason why the Dangote refinery that produces diesel in Nigeria should cut down its price.

According to the oil marketers, diesel produced at the Dangote refinery has no vessel cost, import charges, and other costs associated with the costs associated with the importation of the commodity into Nigeria.

This came as it was gathered that the marketers under the aegis of IPMAN and Independent Petroleum Marketers Association of Nigeria, and PETROAN held separate meetings on Monday to deliberate on the pricing of petroleum products from the refinery, as well as other issues.


The PUNCH had reported on April 3, 2024, that the $20bn refinery started pumping out diesel to the domestic market the previous Wednesday (March 27, 2024).

The report stated that the refinery sold a minimum of one million litres to each registered oil marketer that got the product from the plant since it commenced diesel sale.

Officials of the multi-billion dollar plant and oil dealers had confirmed that the product was dispensed to marketers at between N1,225/litre and N1,300/litre depending on the volume of purchase.

Reacting to the cost of the commodity during an interview with our correspondent on Monday, the National Public Relations Officer, IPMAN, Chief Chinedu Ukadike, commended the refinery for the commencement in the release of refined products.

He, however, urged the managers of the plant to review the cost of the product downward, providing reasons why the price of Dangote diesel should be cheaper than what was imported.

Ukadike said, “During the construction of the Dangote refinery, we supported and welcomed it. Also, it was our prayers that an indigenous refinery be opened so that it will limit the expenses of logistics in terms of importation, clearing, and other activities associated with bringing products into the country.

“These are some of the hurdles that necessitated the high cost of AGO or diesel being imported into Nigeria. So now that a private refinery with a very high capacity has started producing petroleum products here in Nigeria, we would have appreciated that its products being sold to Nigerians will be cheaper than the landing cost of imported products.

“The dollar is currently about N1,270 to N1,290 and it is coming down. So if the dollar is a determinant factor in terms of the importation of petroleum products and diesel is sold by those companies that imported at N1,300/$, I believe that Dangote refinery should not measure the price of its diesel with the parameter of the forex.”

The IPMAN PRO stated that forex should not be the benchmark for the price of Dangote refinery’s diesel.

“Also, some other expenses on the cost of diesel produced by the refinery have been waived. So those expenses should reflect on the price of the product. The refinery is in Lagos, so there is no vessel voyage cost and this should be deducted from the price Dangote is giving us.

“Other marketers who imported their products are landing it at between N1,200 and N1,250/litre since the drop in forex. So Dangote should be giving us his product at around N700 to N850/litre since he is producing it here.

“When we buy at that price, it will further strengthen the naira, minimise profiteering and reduce the cost of goods and services that are transported using diesel. If you minus the cost spent on vessels, importation charges, and the cost of foreign exchange to some extent, the price of diesel will drop,” Ukadike stated.

He said oil marketers would also submit their price request to the Dangote refinery next week, adding that IPMAN would seek the intervention of the Federal Government on the matter.

“We are trying to seek a meeting with the refinery’s commercial department. I just came out of a meeting to speak with you, where we are discussing how to be able to persuade them to review their prices and also ask the government to intervene,” he said.

When asked to state when the association would meet with the refinery, Ukadike replied. “By next week we should get an appointment. That should be after the Sallah.”

The PUNCH in its story on April 3, 2024, reported that some members of IPMAN had started purchasing the product from the refinery at the N1,225/litre price, though the association had stated that it would seek its price from the managers of the refinery.

“They started pumping out diesel to marketers last week. They also promised to sell aviation fuel soon. Some of my members confirmed this to me after making the purchase,” the National President, the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, had told our correspondent last week.

He added, “So some of our marketers have started getting the product, but as an association, we have not got the product yet, because we want to get the actual rate that it will be sold to us when we buy in bulk. However, they have started selling diesel because some of our marketers have started buying.

“They are selling at N1,225/litre and the minimum volume they are giving is one million litres per marketer. Also, they assured us that they will release more products, but for now this (diesel) is what they are starting with. So we are expecting them to release PMS anytime from now.”

Maigandi had said the move by Dangote would definitely lead to a crash in diesel price, as the commodity rose to a high of about N1,700/litre recently.

“The price of diesel is going to fall because of the release of products from Dangote refinery. It is already coming down in Lagos,” Maigandi stated.

Another oil marketer, who is the Chief Executive, AF Ralph Oil and Gas Ventures, Dr Ralph Arokoyo, had also confirmed that the refinery started the sale of diesel to dealers, adding that the plant started dispensing the product about two weeks ago.

Asked if the Dangote refinery had started supplying diesel to the market, Arokoyo replied, “Yes they have started. They started diesel sales last Wednesday and they have sold to many marketers including members of IPMAN and MEMAN (Major Energy Marketers Association of Nigeria), as well as other private registered independent dealers.”

PETROAN reacts
The President, the Petroleum Products Retail Outlets Owners Association of Nigeria, Billis Gillis-Harry, also stated on Monday that the cost of diesel from the Dangote refinery should be reduced.

He said, “PETROAN has an agreement with Dangote to supply to us at N1,200, but we will still request a downward review. We have over 19,000 members and over 6,800 people are active and ready to do business. So we need to talk about so many issues.

“First of all, the logistics from Lagos to Port Harcourt, Calabar, Warri, Zamfara, and other locations is not very easy. So those in Lagos can take the N1,200/litre price because their cost of logistics is low, but this is not so for dealers outside Lagos.

“So we will certainly still engage with them on how prices will come down. However, the good news is that they have rolled out products and we salute and congratulate them, especially the Executive Director, Commercial, Mr Rabiu Umar, for his courage in making sure Nigeria is wet with refined products.”

Gillis-Harry, however, stated that the refinery would have to recoup the funds used in constructing it, as several billions of dollars were borrowed to develop the plant.


“The refinery has collected billions of dollars as loans to put itself up. It must start to work to pay back these loans. And the only way to get back this money is by producing and selling, as well as exporting.

“Now he has started with domestic sales. So organisations like ours will have to sit down with them and work out the details and this will enable us to know exactly what their cost elements are. We want to sell and they want to produce,” he stated.

The PETROAN president said his association would not want to speak on the proposed cost of petrol that should come from the Dangote refinery until the plant starts producing the commodity for the domestic market.

“You can’t even talk about price when they’ve not started producing. Yes, they have discussed with PETROAN that they would produce PMS, but they have not started producing,” he said.

When told that the refinery was working to release PMS in May, Gillis-Harry said, “They’ve not started producing. So we won’t work on projections. Let them produce first and we will then know what their input, output, and pricing are. That is the only time we can talk about what prices they should sell.

“Dangote refinery has informed PETROAN that they will produce PMS but we await their production, and then we will know the inputs of their production before we talk about the pricing. We can’t tell them what to sell now.”

Dangote officials mum
Officials of the multibillion-dollar refinery decided to stay mute despite several attempts to get their input on the matter.

However, a senior official at the Dangote refinery confirmed last week that the plant had started the sale of diesel to marketers, as the source noted that Premium Motor Spirit, popularly called petrol, would soon be released to the market.

“The product (diesel) is everywhere and they (marketers) are accessing it with ease. The product has been on sale to marketers since last week and the transactions have been better.

“The price of the product in various locations of the country will come down, and it is already coming down in many parts of Lagos since we started releasing products to marketers,” the official, who spoke on condition of anonymity due to lack of authorisation to speak on the matter, had stated.

The Dangote refinery has faced a series of hurdles as it strives to release refined products into the market after it was officially inaugurated by former President Muhammadu Buhari in May last year.

On February 8, 2024, The PUNCH reported that indications emerged that lingering regulatory approvals stalled Dangote Petrochemical Refinery’s plan to release aviation fuel (Jet A1) and diesel for sale in the Nigerian market in January.

The report stated that weeks after the January 31 timeline set by the management of Africa’s largest refinery to begin the sale of its petroleum product in the local market, the refinery was still battling to cross the hurdles of the several layers of regulatory approvals.

It stated that the development came after the refinery began the production of refined petroleum products at the expansive facility.

On January 12, 2024, Dangote refinery announced that it had commenced the production of Automotive Gas Oil, popularly called diesel, and aviation fuel or JetA1.

Aliko Dangote, in a statement issued by his firm at the time, thanked President Bola Tinubu for his support, encouragement, and thoughtful advice towards the actualisation of the project.

Dangote also thanked the Nigerian National Petroleum Company Limited, Nigerian Upstream Petroleum Regulatory Commission, NMDPRA, and Nigerians for their support and belief in the historic project, as he revealed that the facility would pump out diesel and aviation fuel in January, subject to regulatory approvals.

He said, “We thank President Bola Tinubu for his support and for making our dream come true. This production, as witnessed today, would not have been possible without his visionary leadership and prompt attention to detail.

“His intervention at various stages cleared all impediments thereby accelerating the actualisation of the project. We also thank the NNPC, NUPRC, and NMDPRA for their support. These organisations have been our dependable partners in this historic journey.

“We also thank Nigerians for their belief and support in this project. We have started the production of diesel and aviation fuel, and the products will be in the market within this month once we receive regulatory approvals.”

The refinery, Africa’s largest with a nameplate capacity of 650,000 barrels per day, was built on a peninsula on the outskirts of the commercial capital Lagos.

Nigeria has for years relied on expensive imports for nearly all the fuel it consumes but the $20bn refinery is set to turn it into a net exporter of fuel to other West African countries, in a huge potential shift of power and profit dynamics in the industry.

Dangote exports products
The commencement of diesel sale in Nigeria by the plant is not its first refined products sale, as The PUNCH reported in February that the refinery issued tenders to sell two fuel cargoes for export.

This was the first from the new refinery, as the report stated that this was confirmed by trading sources with knowledge of the matter who spoke to Reuters at the time.

Nigeria has for years relied on expensive imports for nearly all the fuel it consumes but the $20bn refinery is set to turn it into a net exporter of fuel to other West African countries, in a huge potential shift of power and profit dynamics in the industry

Reuters had stated in its report that Dangote declined its request for comment. The oil firm also remained mute to several inquiries by The PUNCH at the time.

The report stated that the first cargo was 65,000 metric tonnes of low-sulphur straight-run fuel oil, which Dangote awarded to Trafigura, which was due to load at the end of February, three of the sources said, according to Reuters, as it added that Trafigura declined to comment at the time.

At least one refiner said they had been offered the cargo by Trafigura without elaborating further.

The second tender was for about 60,000 tonnes of naphtha, three other sources had stated. Two of them added that the tender closed on February 15. Loading details were not immediately available at the time.

Sources had also told Reuters that the refinery was preparing to deliver its first fuel cargoes to the domestic market within weeks.

The two fuels on offer were typical products of running light sweet crude through a crude distillation unit in a refinery without further upgrading capacity.

The refiner began buying crude in December last year and Nigerian National Petroleum Company Limited has been the main supplier.

Dangote has also purchased some US oil and reportedly received two million barrels of US WTI Midland in early March, according to LSEG and Kpler ship tracking.

FamilyRe: Marriage Benefits Women More Than Men — Lady Says (video) by Sayvick(m): 11:15am On Apr 05, 2024
Her perspective is a reflection of her personality.

She believes she can't contribute because she has been wired as a liability.

Kudos to hard working babes, who in spite of the comfort in their homes still go ahead to support in their own little way.

Not the lazy ones who see their body as their all in all asset.
TravelRe: Man Kneels Down To Thank God He Left Nigeria For The UK by Sayvick(m): 4:25pm On Mar 26, 2024
socialmediaman:
Source: https://www.instagram.com/reel/C3kYCi-o4E7/?igsh=aG1idTdhY2pxcmd6
Is he now a British citizen? He will soon understand, Khaki no be leather!
HealthRe: How Burantashi Killed My Best Friend by Sayvick(m): 11:03am On Mar 24, 2024
Show me the relationship between Burantashi and his death from this story or is that the report of Autopsy?
InvestmentPresident Tinubu Championing The Course Of Nigerian Youth - Stay Positive -phot by Sayvick(op): 10:00pm On Mar 03, 2024
In spite of the negative perception of the President by majority of people in the country, he is busy championing the course of the Nation, projecting the youths in the best positive image ever, unlike his predecessors.

In Qatar, the President said inter alia:-
"President Bola Tinubu on Sunday in Doha said Nigerian youths are worth every investment as they are educated, reliable and proactive.

He argued that a few bad eggs cannot be a yardstick for gauging the capacity of the majority who, he said, are “ready to be unleashed for the mutual benefit of both nations.”

Tinubu said these when he and the Emir of the State of Qatar, Sheikh Tamim bin Hamad Al Thani, witnessed the signing of seven landmark agreements between both nations after closed-door talks at the Presidential Palace in Doha.

The seven agreements signed are a cooperation agreement in the field of education; regulation of employment of workers with the Government of Qatar; establishment of a joint business council between the Qatar Chamber of Commerce and Industry and the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture; in addition to a cooperation agreement in the field of youths and sports.

The other agreements are cooperation in the field of tourism and business events and a memorandum of understanding combating illicit trade in narcotic drugs and psychotropic substances.

The documents were signed by the Minister of Foreign Affairs, Yusuf Tuggar, and relevant officials in the Government of the State of Qatar, Buthaina bint Ali Al Jabr Al Nuaimi, Minister of Education and Higher Education; Dr. Ahmad Hassen Al-Hammadi, Secretary General at the Ministry of Foreign Affairs; Sheikh Khalifa Bin Jassim Al Thani, Chairman of Qatar Chamber of Commerce & Industry and Abdullah bin Khalaf bin Hattab Al Kaabi, Undersecretary of the Ministry of Interior.

Special Adviser to the President on Media and Publicity, Ajuri Ngelale, revealed this in a statement he signed Sunday titled ‘President Tinubu welcomes multi-sectoral agreements with Qatar: Set to receive Qatar’s investment team in Abuja.’


Before the signing ceremony, President Tinubu assured his host of Nigeria’s preparedness to welcome investors into the country, noting the ongoing reforms that favour innovation, return on investments, and multiculturalism.

Tinubu said, “Our greatest strength is our people. Our strength lies in the capacity of Nigerian youths. They have energy, talent, and self-belief. They are quality partners for the Qatari industry.

“They are educated and reliable, and they are proactively seeking to add value wherever they are. A few cannot give a bad name to the many. Nigerian youths are ready to be unleashed for the mutual benefit of both nations.”

I strongly believe, he is set on a path to follow regardless of several distractions and in no distance time, he surely will replicate Lagos in Nigeria, let's stay positive.

PoliticsRe: Report To Me If Any Of My Officials Asks For Bribes - Tinubu To Qatari Investors by Sayvick(m): 9:39pm On Mar 03, 2024
Good move

Better days are here!
CrimeRe: Navy Intercepts Ghanaian Vessel With Stolen Oil, Arrests 13 (Pictures) by Sayvick(op): 11:32am On Mar 03, 2024
Was thinking Miri has a Nigerian meaning.
CrimeNavy Intercepts Ghanaian Vessel With Stolen Oil, Arrests 13 (Pictures) by Sayvick(op): 11:31am On Mar 03, 2024
The Nigerian Navy Ship Beecroft Operation Delta Sanity, has arrested a Ghana-owned motor tanker, SWEET MIRI involved in suspected crude oil theft.

The vessel was arrested 174 nautical miles off the coast of Nigeria, approximately 320 kilometres, heading to Benin Republic.

According to a statement on Saturday by the NNS Base Information Officer, Lieutenant H Ibrahim, the motor tanker, SWEET MIRI vessel had 13 crew; one Ghanaian and 12 Nigerians, onboard at the time of arrest.

The Flag Officer Commanding Western Naval Command, Rear Admiral MB Hassan, was quoted in the statement, as saying that the vessel was carrying about two million litres of the suspected product without approval and had switched off its Automatic Identification System to avoid detection on February 25, 2024.

Hassan also stated that the infraction necessitated the deployment of Ship ABA to investigate the vessel which was later found carrying products suspected to be crude oil, and NNS Sokoto to double up the search and interdict the vessel.

The statement read, “The Nigerian Navy Ship BEECROFT under the strategic leadership of Commodore Kolawole Oguntuga who is also the Maritime Component Commander Operation AWATSE, arrested a vessel, Motor Tanker SWEET MIRI suspected to have been involved in crude oil theft. The vessel had 13 crew, one Ghanaian and 12 Nigerians, onboard at the time of arrest.

“The MT vessel has been a vessel of interest to the Nigerian Navy and she was arrested 174 nautical miles off the coast of Nigeria, approximately 320 kilometres, heading to the Benin Republic.


“On February 25, 2024, the vessel was observed to have switched off its Automatic Identification System to avoid detection. This necessitated the deployment of the Nigerian Navy Ship ABA to investigate the vessel. Subsequently, she was found carrying products suspected to be crude oil. Thereafter, NNS SOKOTO was deployed to double up the search and interdict the vessel. On arrival, it was discovered that she was carrying about two million litres of the suspected product without approval.”

The FOC further disclosed that the vessel is owned by a Ghanaian and registered in Ghana, adding that the vessel is open to any agency that wants to get samples for analysis to confirm the culpability of the vessel.
“In line with the directive of Chief of the Naval Staff Vice Admiral EI Ogalla, the vessel owned by a Ghanaian and registered in Ghana by a Ghanaian company is opened for other agencies to come and take samples and carry out their independent investigations to find out the culpability of the vessel.”

In the same vein, while giving an update on the earlier arrested Motor Tanker VINNALARIS, the FOC said that the CNS has instructed that the investigations of all arrested vessels should be conducted beyond the level of the crew to uncover the kingpins.

He also appreciated the efforts of the Department of State Services in assisting the Nigerian Navy in conducting investigations when matters of crude oil theft are brought to them.

Recently, Nigeria has experienced numerous incidents of oil theft and illegal refinery operations nationwide.
https://punchng.com/navy-intercepts-ghanaian-vessel-with-stolen-oil-arrests-13/?amp

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