Dangote Sets The Record Straight On IPMAN Claims

Posted on October 31, 2024

The Dangote Petroleum Refinery said it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) to purchase refined petroleum products.

Although discussions are ongoing with IPMAN, the energy company said it is misleading to suggest that they (IPMAN Members) are experiencing difficulties loading refined products from its Petroleum Refinery.

“As we currently have no direct business dealings with them (IPMAN). Consequently, we cannot be held responsible for any payments made to other entities, Dangote stated.

“The payment in mention has been made through the Nigerian National Petroleum Company Limited (NNPCL), and not us. In the same vein, NNPCL has neither approved, nor authorised us to release our Premium Motor Spirit (PMS) to IPMAN.

“We would like to emphasise that we can meet the nation’s demand for all petroleum products, including petrol, diesel, and aviation fuel. At present, we can load 2,900 trucks per day and we have also been evacuating petroleum products by sea. We advise IPMAN to register with us and make direct payment as we have more than enough petroleum products to satisfy the needs of their members.

“Furthermore, we believe it is instructive for all stakeholders to refrain from making unfounded statements in the media, as that could undermine the economic re-engineering efforts of His Excellency, President Bola Ahmed Tinubu. Conducting business through public speculation is counterproductive and unpatriotic.

“In the interest of our country, we encourage all stakeholders to collaborate and heed the advice of President Tinubu, while promoting a unified approach, rather than engaging in media conflicts and needless propaganda.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

  This November, Mount Nelson, A Belmond Hotel, Cape Town presents ‘CONFECTIONS x COLLECTIONS’... Continue
MICHAEL AKINOLA  A 33-year old man, Mohammed Sanni, has been arrested and charged in... Continue
Gombe State has once again earned national recognition for excellence in governance and digital... Continue
It was a thrilling clash between Buruj Sports Academy and Yomaraz FC. The match... Continue
KINGSLEY EBERE   Apex Council of Ndieze has endorsed amiable and charismatic Igbo leader,... Continue
MICHAEL AKINOLA  A 37-year old man, Ademola Omokinwa, has landed in trouble for allegedly... Continue
EBERE UZOUKWA, PhD Abia State Governor, Dr Alex Chioma Otti, OFR, has continued to... Continue
President Bola Tinubu rejoices with the Executive Chairman of the Economic and Financial Crimes... Continue
  Recently, there have been fictitious stories circulating in the media about Chief Razaq... Continue
Today, October 14, 2025, Nigeria marks the birthday of Mr. Olanipekun “Ola” Olukoyede, the... Continue

UBA


Access Bank

Twitter

Sponsored