Christmas Bazaar: Reactions As Customs Move to Auction Seized Petrol At ₦400/ litre

The New Diplomat
Writer

Ad

Fuel Price hike Looms as Dangote Refinery Halts Petrol Sales in Naira

By Abiola Olawale Dangote Petroleum Refinery has announced its decision to suspend sales of premium motor spirit (PMS), commonly known as petrol, in local currency starting from Sunday, September 28, 2025. The New Diplomat reports that the decision by the refinery owned by Africa’s richest person, Alhaji Aliko Dangote has sparked fears about a potential…

Iran recalls envoys to UK, France, Germany as UN sanctions begin again

By Obinna Uballa Iran has recalled its ambassadors to the United Kingdom, France, and Germany for consultations, after the three European powers triggered the “snapback” mechanism that reinstates United Nations sanctions on Tehran for the first time in ten years. “Following the irresponsible action of three European countries in abusing the JCPOA dispute resolution mechanism…

Dangote, PENGASSAN face-off worsen as union cut Gas supplies to Dangote Refinery

By Abiola Olawale The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has issued an urgent directive to its members to halt all gas and crude oil supplies to the Dangote Petroleum Refinery effective immediately. In a strongly worded letter dated September 26, signed by PENGASSAN General Secretary Comrade Lumumba Ighotemu Okugbawa, the…

Ad

By Kolawole Ojebisi

The Nigeria Customs Service (NCS) has disclosed its plans to make the festive season more colorful for motorists and other Nigerians.

This is as the agency announced plans to auction 15,325 litres of seized Premium Motor Spirit (PMS), commonly known as petrol, at ₦400 per litre.

The NCS said this is to ease transportation challenges during the festive season.

Hussein Ejibunu, National Coordinator of the service’s Operation Whirlwind, made this announcement on Saturday during a press briefing at the Customs Training College in Ikeja, Lagos.

Ejibunu revealed that the seized petrol, valued at ₦27.5 million, was confiscated during operations conducted in Lagos and Ogun states.

He stated that Adewale Adeniyi, Comptroller-General of Customs, has authorized the auction, pricing the fuel at ₦10,000 per 25-litre container.

The coordinator further explained that all legal and procedural requirements, including a court condemnation order, have been finalized by the office of the legal adviser to facilitate the auction process.

“This operation, which began on May 27, 2024, has delivered positive results,” Ejibunu said. “The Comptroller-General has directed the operatives to sustain this momentum until the activities of economic saboteurs are completely eradicated in the country.”

He added, “In line with this directive, the CGC has approved the auctioning of the seized petrol to the public at a rate of ₦10,000 per 25 litres. This measure aims to alleviate transportation difficulties during the festive period.”

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp