NEWS
Dangote Group To Withdraw ₦100bn Lawsuit Against NMDPRA Amid Ongoing Talks
The Dangote Group has announced plans to withdraw its ₦100bn lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), following ongoing conciliatory talks.
The legal dispute, which arose from the NMDPRA’s issuance of import licenses to several companies, including the Nigerian National Petroleum Company Limited (NNPCL), has now been deemed “an old issue” by the group.
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The lawsuit, initially filed at the Federal High Court in Abuja on September 6, 2024, challenged the issuance of licenses to companies such as Matrix Petroleum Services Limited, AA Rano Limited, and four others, despite the availability of locally produced petroleum products.
Dangote Refinery had argued that these licenses violated sections 317(8) and (9) of the Petroleum Industry Act (PIA), which allow imports only when there is a proven shortfall in local production.
In a statement released late Monday, the Dangote Group confirmed that it no longer intends to pursue the case.
Group spokesperson Anthony Chiejina said the parties involved have opened discussions to resolve the matter out of court.
“We have agreed to put a halt to the proceedings. No orders have been made, and there are no adverse effects on any party involved,” Chiejina said, adding that the case would likely be formally withdrawn in January 2025.
The legal battle was seen as a significant move by Dangote to protect its multi-billion-dollar refinery, which began operations in December 2023.
Dangote Refinery, with an initial capacity of 350,000 barrels per day, aims to ramp up production to 650,000 barrels per day by the end of 2024.
The company had argued that the import licenses issued by the NMDPRA were detrimental to its business, leading to a decline in demand for its locally produced products.
Background and Impact on the Petroleum Sector
The Dangote Refinery, Africa’s largest, was developed to reduce Nigeria’s dependence on imported refined petroleum products.
The country, despite being one of the world’s top oil producers, has long struggled with fuel scarcity, as all of its state-owned refineries remain non-operational.
As a result, Nigeria heavily relies on imports, with NNPCL being the primary importer.
The legal confrontation emerged at a time when fuel prices in Nigeria have skyrocketed.
Following the removal of fuel subsidies in May 2023, petrol prices have surged from ₦200 per litre to over ₦1,000 per litre, exacerbating inflation and placing additional strain on Nigerians, who rely on fuel for transportation and power generation due to erratic electricity supply.
The Dangote Group’s lawsuit contended that the NMDPRA’s decision to issue import licenses was unwarranted, as the refinery was capable of meeting local demand.
The group sought an injunction to prevent further issuance of these licenses, arguing that local production should be prioritized.
Court Proceedings and Next Steps
The case, which was adjourned by Justice Inyang Ekwo to January 20, 2025, is now expected to be formally withdrawn.
According to the Dangote Group, the matter is now being addressed through out-of-court talks, signaling a shift towards reconciliation between the refinery and the regulatory body.
With Dangote Refinery continuing to expand its production and supply of key petroleum products, including diesel, aviation fuel, and petrol, industry experts are watching closely to see how this resolution will impact Nigeria’s energy landscape.
The Dangote Group’s refinery remains a crucial player in Nigeria’s effort to reduce its reliance on imported fuel, as the country grapples with energy supply challenges that have persisted for decades.
NEWS
Obi Asks World Bank, Banks to Verify Anambra Debt Claims
Former Anambra State Governor Peter Obi has called on the World Bank and Nigerian banks to verify records relating to the debt claims made against his administration, insisting that the figures being presented by the state government should be subjected to documentary scrutiny.
Obi made the call during an interview on Arise TV’s Prime Time programme on Thursday, September 24, 2026, while responding to the Anambra State Government’s claims over loans allegedly incurred during his eight-year tenure.
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The former governor specifically urged the World Bank to provide records showing the actual drawdowns from the facilities linked to Anambra, rather than relying on the total amount originally approved or contracted.
“Please publish these documents. I’m urging you, please. The World Bank is in Abuja; they can give you the history of the drawdowns,” Obi said.
He also challenged the relevant Nigerian banks to verify the financial records he said were contained in his 2014 handover documents.
“The banks mentioned here are Nigerian banks; you have access to their headquarters. Ask them whether this money was there,” he added.
Obi’s comments came amid a dispute over the Anambra Government’s earlier claim that eight external loan facilities associated with his administration had an outstanding balance of about N127.4bn as of June 30, 2026.
The state had linked the loans to projects in areas including education, healthcare, erosion control and malaria prevention.
The former governor disputed the presentation, arguing that approved loan facilities should not automatically be treated as money borrowed or spent if the funds were not actually drawn down.
He maintained that some of the funding arrangements involved Federal Government-backed concessionary financing and said the World Bank records could establish when the money was accessed.
The controversy has since shifted towards the actual amount drawn from some of the facilities.
Anambra State Commissioner for Information and Value Reorientation, Law Mefor, reportedly acknowledged during an Arise TV appearance that the government had not properly verified the amount actually drawn from a $123m facility before citing the larger figure. He said the government would seek clarification from the relevant authorities.
The development has added another layer to the disagreement between Obi and the Anambra Government over the state’s financial position at the end of his administration.
Obi has consistently maintained that he left office in March 2014 without outstanding salaries, pensions, gratuities or certified contractor obligations, while the state government has continued to dispute aspects of his account of the state’s inherited liabilities.
NEWS
‘Where Is the President?’ — Peter Obi Questions Tinubu’s Prolonged Absence
Presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has questioned President Bola Tinubu’s prolonged absence from Nigeria, saying Nigerians deserve to know the President’s whereabouts amid the country’s security challenges.
Obi made the remarks on Arise TV on Thursday while discussing the President’s absence from the country and the situation surrounding other senior government officials.
According to Obi, the issue was not simply that Tinubu was outside Nigeria, but that he had remained abroad beyond the period initially announced for his trip.
ALSO READ: ‘Borrowed Funds Not Spent Cannot Be Counted as Debt Left Behind’ -Peter Obi
“It’s not just that he’s out of the country. He’s out of the country beyond the days he was supposed to be. Beyond the days they even said he was going for,” Obi said.
He also noted that Vice-President Kashim Shettima was outside the country, while Senate President Godswill Akpabio was also reportedly abroad and the Senate was not in session.
“The Vice President is not in the country. And I understand the Senate President is out of the country, the Senate is not in session,” he said.
Obi expressed concern about the situation against the backdrop of insecurity and recent incidents involving the deaths of suspected illegal miners in Niger State.
“We don’t need this level of rascality at this moment in time, when Nigerians are being kidnapped, being killed, things are… we need a country where we have somebody, where we have competence, capacity, and compassion,” he said.
Referring to the deaths recorded in Niger State, Obi said the presence of the country’s chief executive was particularly important during a crisis.
“Look at Niger State now, where 10 people… where some young people have died for nothing,” he said.
The former Anambra State governor argued that while there is a chain of command within government, delegation should not replace the physical presence of the country’s leader during critical situations.
“It is… the CEO being present is critical at a time of crisis. Not delegation. Yes, you have a chain of command,” Obi said.
He subsequently asked where the President was and insisted that Nigerians should be informed.
“Where is the President? Nigerians ought to know,” he said.
Obi also said that, if elected president in 2027, he would make his whereabouts publicly known whenever he travelled.
“If I travel today, I tell people where I am. When I become President, Charles, people will know where I am 24 hours,” he said
“That is public space, public office,” Obi added.
The comments come amid continuing public debate over the absence of the President and Vice-President from Nigeria.
NEWS
‘Borrowed Funds Not Spent Cannot Be Counted as Debt Left Behind’ – Peter Obi
The presidential candidate of the Nigeria Democratic Congress (NDC) for the 2027 election, Peter Obi, has challenged the way government borrowing is accounted for, arguing that funds borrowed but not actually drawn down should not be treated as debt left behind by an administration.
Obi made the remarks during an interview on Arise TV on Thursday while explaining his position on borrowing during his tenure as governor of Anambra State.
“That is a wrong public accounting. Even if I had gone to bank and borrowed money, but I did not spend the money, you cannot call it debt I left,” Obi said.
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He illustrated his argument with a hypothetical ₦10 billion loan facility, saying that where only ₦500 million was actually drawn, it would be inaccurate to describe the entire ₦10 billion as money owed.
“They gave me a loan of 10 billion Naira, and Charles, I only drew down 500 million. You cannot say I’m owing 10 billion, because you know the amount,” he said.
The NDC candidate said such a practice would amount to improper public-sector accounting.
“That’s why I said it is not proper public sector accounting,” Obi said.
He also cited the former Director-General of the Debt Management Office, Abraham Nwankwo, whom he said served for 10 years, in support of his claim about his borrowing record as Anambra governor.
Obi recalled that Nwankwo invited him to his send-off ceremony and publicly explained why he had selected Obi as chairman of the event.
“He announced it to everybody in that party that the reason why he made me chairman is because I was the only governor in Nigeria who never came to his office for approval to borrow money,” Obi said.
Anambra Debt Controversy
Obi’s comments come against the backdrop of continuing debate over the debt profile he left behind after serving as Anambra State governor from 2006 to 2013.
The former governor has consistently defended his administration’s financial record, while figures and claims about Anambra’s debt during and after his tenure have generated public debate.





