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Dangote Refinery IPO: SEC Warns Investors Against Fraudsters, Fake Platforms

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The Securities and Exchange Commission (SEC) has warned prospective investors against fraudsters, fake platforms and unauthorised individuals seeking to take advantage of the Dangote Petroleum Refinery and Petrochemicals Initial Public Offering (IPO).

The Commission issued the warning in a public notice dated Monday, September 14, 2026, following its approval for the IPO by Dangote Petroleum Refinery and Petrochemicals FZE to open to the public.

The SEC urged investors to exercise caution and ensure that all applications and payments relating to the IPO are made only through the officially designated and approved receiving agents, subscription channels and platforms.

ALSO READ: Dangote Calls Refinery IPO ‘People’s IPO’ as N2.15tn Offer Opens

The Commission advised prospective investors to obtain information about the IPO only from the SEC’s official channels, the issuer’s official channels and other official channels established and approved for the offer.

It also urged investors to verify the authenticity of any website, platform or link before providing personal or financial information.

According to the SEC, investors should follow only the officially announced subscription or application process and IPO timetable and should “Avoid transferring funds to any person or entity claiming to receive applications/subscriptions outside the approved channels.”

The Commission further advised investors to verify that their chosen registered Capital Market Operator’s channels or platforms for the offer are duly authorised and approved.

The SEC also warned investors to “Avoid responding to unsolicited calls, WhatsApp messages, social media advertisements, emails or other channels/platforms that offer or guarantee allotments or preferential allocation.”

The regulator urged prospective subscribers to carefully read the approved Prospectus and understand the terms, conditions and risks associated with the investment before making any subscription.

SEC warns against fake IPO agents

The Commission stressed that the existence of an individual, company, digital platform or social media account does not, by itself, constitute approval or authorisation to receive applications or funds from investors in respect of the offer.

The SEC therefore advised prospective investors to contact SEC-registered stockbrokers, banks or registered Investment advisers for guidance before subscribing.

The Commission also urged the public to “VERIFY” the registration status of companies, entities, platforms or individuals offering investment opportunities before entering into any transaction with them.

Investors can verify the registration status of operators through the SEC’s dedicated portal for registered fintech operators or through the Commission’s Capital Market Operators platform.

The warning comes as the Dangote Petroleum Refinery and Petrochemicals IPO officially opens on Monday, September 14, 2026, following the Commission’s approval.

The Commission listed its contact details as +2342094621168-9 and [email protected], while its WhatsApp contact is 0916 772 3240.

The SEC urged investors to remain vigilant and rely only on verified and authorised channels throughout the IPO process.

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Petrol Tanker Fire Ravages Houses, Vehicles in Calabar

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Man Bravely drives Burning Truck out of Residential area in Delta

A road accident, involving a tanker truck conveying petroleum products opposite the Odukpani Local Government Secretariat, Cross River State, ignited a fire, leading to the destruction of several shops and affecting vehicles.

These transpired on Sunday, when the tanker accidentally overturned which led to the fire that spread to nearby shops and buildings.

Fortunately, the tanker driver was rescued and taken to a hospital for medical attention.

Confirming the incident, the Cross River State Police Command said that officers from the Odukpani Division were deployed to the scene to secure the area and prevent further harm.

The Command said the Fire Service had also been alerted and was expected to deploy personnel to contain and extinguish the fire.

READ ALSO: Musa Francis, Akanbi Aderonke win 2026 Abeokuta 10km Race

As of the time of filing this report, no death has been confirmed.

However, the police said a number of shops and vehicles had been affected by the inferno.

The Command urged residents and motorists to keep away from the immediate area and allow emergency responders unhindered access to the scene.

It also advised members of the public to exercise caution around the area because of the risk posed by the burning petroleum tanker.

The Police Public Relations Officer, ASP Eitokpah Sunday Akata, said further updates would be released as verified information became available.

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Tinubu Gov’t Does Not Engage, Everybody Is Its Enemy — Ajaero

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Fuel Subsidy: NLC Sets February Date for Nationwide Unrest

Nigeria Labour Congress (NLC) President, Joe Ajaero, has accused the administration of President Bola Tinubu of failing to meaningfully engage with organised labour, alleging that the government has remained aloof despite repeated attempts to open dialogue.

Ajaero made the remarks during an appearance on the Mic On Podcast, where he spoke about the relationship between the labour movement and the Federal Government over the past few years.

According to the NLC president, the government has not been engaging with labour and only responds when workers and other groups take steps to force its attention.

SEE ALSO: Spike in Petrol Price Moves NLC to Demands Emergency Palliatives

“For the past two, three years, you know, it’s not a government that is engaging. This government doesn’t engage,” Ajaero said.
He described the administration as “aloof”, stressing that meaningful engagement had been lacking between the government and organised labour.

Ajaero recalled that the NLC had, by December 17, 2025, announced plans to take its grievances to the streets after months of attempts to communicate with the President.

He said the labour movement had written to President Tinubu from June through December but received no response.

“Well, by December 17th, 2025, we pulled out that we are going to the streets. After writing a letter from May, sorry June, to December to Mr. President and there was no response,” he said.

According to him, the planned action eventually led to the intervention of some state governors, who facilitated an interface between labour and the government.

He said the intervention became necessary after other channels of communication, including the office of the Minister of Labour, had failed.

“Because the whole channel—whether through the Minister of Labour or any other office—failed, collapsed. So some governors met with us, and since that time we have talked once or twice,” Ajaero said.

However, the NLC president suggested that the situation had not significantly improved, alleging that the issues raised by labour since December had largely been left unresolved.

“And those issues… December last year to now, they’re just doing their business. Everybody is their enemy,” he added.

 

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Police Report Nationwide Operations, Rescue Kidnap Victims, Recover Weapons in 5 States

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The Nigeria Police Force has disclosed a series of operational successes recorded across eight states, including the rescue of kidnapped victims, the recovery of firearms and rocket launchers, the repulsion of bandit attacks and the arrest of suspects linked to armed robbery and murder.

The Force made the disclosure on Saturday, October 3, 2026, in its 24-hour operational update covering security operations recorded on October 2 and related reporting periods.

SEE MORE: Alcohol Encourages Banditry, Destroys The Future Of Our Children — NAFDAC

According to the Police, the operations were recorded in Sokoto, Benue, Katsina, Ogun, Taraba, Cross River and Oyo states.

Sokoto: Police Foil Bandit Attack, Recover Rocket Launchers

In Sokoto State, Police tactical teams, the Anti-Kidnapping Unit and the Violent Crime Response Unit (VCRU) engaged suspected bandits who attacked Tsabre Village.

The Police said the attackers were overpowered and fled into the forest with casualties.

A subsequent bush-combing operation led to the recovery of two rocket launchers, two empty AK-47 magazines, a Tecno keypad phone, a torchlight, an army jungle hat, a sweater cap, five pairs of sandals and a rain jacket.

The Police said no casualty was recorded on its side.

Katsina: Bandits Repelled on Funtua-Zaria Road

In Katsina State, a joint team comprising VCRU, 83 Police Mobile Force (PMF) and other tactical operatives engaged suspected heavily armed bandits who reportedly blocked the Funtua-Zaria Road and opened fire on commuters.

The Police said the attackers were repelled and traffic flow was restored along the road.
Four injured commuters were evacuated for medical treatment.

The incident is being investigated by the SCID, Katsina.

Ogun: Police Rescue Nine Kidnapped Travellers

In Ogun State, the Police disclosed the rescue of nine travellers who were kidnapped on September 29, 2026, by armed men along the Benin-Sagamu Expressway.

According to the Force, the victims were released unharmed following sustained pressure mounted by the Police and sister security agencies.

“Their statements were taken and they were reunited with their families,” the Police said.
The case is being investigated by the SCID, Abeokuta.

Katsina: Four Kidnap Victims Rescued

The Police also reported the rescue of four kidnapped victims in Katsina State, as reflected in its consolidated operational returns for the reporting period.

The Force said the matter was being investigated by the SCID, Katsina.

Oyo: Three Arrested Over Alleged Robbery, Murder

In Oyo State, operatives of the VCRU arrested Akinrinola Oluwatobi, 28; Okunola Mathew, 24; and Ibrahim Rabiu, 23, in connection with the alleged armed robbery and murder of Mrs Wahab Rukayat.

The Police said the suspects were arrested following credible intelligence after operatives raided a criminal hideout in the Sabo area of Ibadan.

An iPhone 7 Plus belonging to the deceased was reportedly recovered during the operation.

The Force further stated that the complainant identified the suspects during an identification parade and that they confessed to the crime.

The case is being investigated by the SCID, Ibadan.

The Police said the various operations formed part of its ongoing efforts to combat banditry, kidnapping, cult-related activities, armed robbery and other crimes across the country.

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