• About Us
  • Contact Us
  • Privacy & Policy
Friday, July 18, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

Oil Workers Urge Tinubu to Probe IOC for Alleged Sabotage

Vincent Amadi by Vincent Amadi
July 11, 2024
in Economy
Reading Time: 3 mins read
A A
0
Oil Workers Urge Tinubu to Probe IOC for Alleged Sabotage
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram


The Nigerian Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association of Nigeria Officials have called on President Bola Tinubu to investigate allegations by officials that some international oil majors are conspiring to sabotage the success of the Dangote Refinery Plant.
In a July 1 letter sent to the president through Chief of Staff Femi Gbajabiamila, the unions said they were “deeply concerned and shocked by the recent extraordinary allegations by the Dangote Refinery and Petrochemical Company Ltd. of a deliberate plot by some international oil companies to frustrate their business efforts and continued existence”
The letter, jointly signed by the secretary of NUPENG, Olawale Afolabi, and his PENGASSAN counterpart, Lumumba Okugbawa, said the alleged sabotage allegedly included blocking crude oil supplies to the refinery and artificially inflating the market price of crude oil to the company. This forced the refinery to source crude oil from other countries, resulting in high operational and logistical costs.


“The Dangote Refinery is not only a key national asset but also a beacon of hope for energy security, economic growth, and job opportunities. The economic benefits that a local refinery of Dangote’s calibre would bring to Nigeria cannot be overstated. For this reason, NUPENG and PENGASSAN have campaigned vigorously for Nigeria to make it a prerequisite for companies seeking to benefit from JVC arrangements with Nigeria to set up their refineries and petrochemical companies in Nigeria.
“Unfortunately, none of the successive governments have mustered enough political and patriotic courage to pursue this logical and realistic political course.
“The survival of companies that have had the courage to invest huge amounts in refining Nigerian crude oil, thereby benefiting other countries and saving our country from wasteful importation of products at the expense of foreign currency, should be of great interest to Nigeria and may be of great interest to the people as it will have enormous economic impact,” the letter partly read.
The petroleum workers called on the Federal Government to set up an independent commission to investigate the alleged sabotage by some IOCs, arguing that the investigation must be comprehensive and transparent to ensure that all involved are held accountable. They also demanded that the findings of the investigation be made public to ensure transparency and maintain public confidence, as Nigerians have a right to know the truth about the IOC’s actions and their impact on the national interest.
“Should the allegations be substantiated, we expect the government to take decisive legal action against the companies involved, which should include sanctions, penalties, and other measures necessary to prevent future acts of economic sabotage.
“The government should provide all necessary support to ensure uninterrupted commissioning and operation of the Dangote Refinery, including ensuring safety and stability regarding the refinery’s operations.
“Your Excellency, we have confidence in Your Excellency’s courage and unwavering commitment to the Nigerian project and believe that the President will take decisive action to protect the Dangote Refinery and ensure its successful operation in the interest of the nation. Protecting our National assets is our collective responsibility,” they submitted.


The $20 billion Dangote refinery in Lekki, Lagos, is set to start selling petrol soon.
Dangote Group president Aliko Dangote said his company’s refineries would stop importation of refined petroleum products into Nigeria and Africa.
However, the company has expressed concern over IOC’s alleged refusal to sell crude oil to the refinery.
“The IOCs’ goal appears to be to collapse our refineries. They either deliberately charge exorbitantly high premiums or simply claim that there is no crude available.
“At some point, we were paying $6 more than the market price. This has forced us to cut production and import crude from far away countries like the US, resulting in increased production costs,” Devakumar Edwin, vice president of oil and gas at Dangote Industries Limited, said recently.

Tags: business
Vincent Amadi

Vincent Amadi

Related Posts

Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

Marketers kick against Dangote’s plan to crash price of cooking gas

2 days ago
Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion
Economy

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion

3 weeks ago
IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s
Economy

IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s

4 weeks ago
Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments
Economy

Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments

1 month ago

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

NELFUND Disburses ₦73.2bn in Interest-Free Student Loans Across Nigeria
National

NELFUND Disburses ₦73.2bn in Interest-Free Student Loans Across Nigeria

11 hours ago
INEC Extends Anambra Voter Registration by Three Days
National

INEC Extends Anambra Voter Registration by Three Days

12 hours ago
FG suspends recruitment into paramilitary services
National

FG suspends recruitment into paramilitary services

21 hours ago
Breaking: Momodu resigns from PDP, joins ADC
National

Breaking: Momodu resigns from PDP, joins ADC

21 hours ago
REA’s N28.7 Billion Intervention Lights Up Rural Nigeria
National

FG to boost electricity supply to 8,000MW in 18 months

22 hours ago
Update: Speed Darlington sues NAPTIP, demands N3billion for alleged damages
Entertainment

Update: Speed Darlington sues NAPTIP, demands N3billion for alleged damages

1 day ago

POLITICS

Breaking: Momodu resigns from PDP, joins ADC

Breaking: Momodu resigns from PDP, joins ADC

21 hours ago
Breaking News: Former vice president Atiku Abubakar resigns from PDP

Breaking News: Former vice president Atiku Abubakar resigns from PDP

2 days ago
Kwankwaso asserts refraining from making comments on political events

Kwankwaso Not Leaving NNPP for ADC – Dungurawa Clears the Air

4 days ago
ADC Accuses Tinubu of Plotting to Derail 2027 Momentum Through Courts

ADC Accuses Tinubu of Plotting to Derail 2027 Momentum Through Courts

4 days ago
ADC Questions President Tinubu’s Five-Day Disappearance After 2025 BRICS Summit in Brazil

ADC Questions President Tinubu’s Five-Day Disappearance After 2025 BRICS Summit in Brazil

5 days ago
2027: APC chieftain warns opposition leaders and ADC against reckless statements

2027: APC chieftain warns opposition leaders and ADC against reckless statements

5 days ago

YOUR ECONOMY

Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

Marketers kick against Dangote’s plan to crash price of cooking gas

2 days ago
Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion
Economy

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion

3 weeks ago
IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s
Economy

IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s

4 weeks ago
Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments
Economy

Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments

1 month ago
PETROAN kicks against Dangote’s petrol distribution strategy
Economy

PETROAN kicks against Dangote’s petrol distribution strategy

1 month ago
Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

Dangote Refinery Begins Distribution of Petrol Nationwide

1 month ago

E & P

Update: Speed Darlington sues NAPTIP, demands N3billion for alleged damages
Entertainment

Update: Speed Darlington sues NAPTIP, demands N3billion for alleged damages

by Steven Atogi
1 day ago
0

Controversial musician Speed Darlington has taken legal action against NAPTIP, filing a N3 billion lawsuit over defamation.He insists that the...

Victor Osimhen Transfer Drama Escalates as Napoli Rejects Galatasaray’s Third Bid

Osimhen Asks Napoli to Clear Path for Galatasaray Move – Mustafa Göksu

4 days ago
Victor Osimhen Transfer Drama Escalates as Napoli Rejects Galatasaray’s Third Bid

Victor Osimhen Transfer Drama Escalates as Napoli Rejects Galatasaray’s Third Bid

1 week ago
Oliseh Warns Osimhen Against Galatasaray Return, Urges Premier League Move

Oliseh Warns Osimhen Against Galatasaray Return, Urges Premier League Move

1 week ago
Just In: Osimhen agrees on personal terms with Galatasaray, rejects Al Hilal €75m bid

Just In: Osimhen agrees on personal terms with Galatasaray, rejects Al Hilal €75m bid

1 week ago
Breaking: Galatasaray submits €50m bid for Victor Osimhen

Breaking: Galatasaray submits €50m bid for Victor Osimhen

2 weeks ago

YOUR THOUGHT & HISTORY

A Democracy Strained: Buhari’s Human Rights Record and the Repression of Dissent
Columns

A Democracy Strained: Buhari’s Human Rights Record and the Repression of Dissent

by Odini Brains
2 days ago
El-Rufai Plans New Party as ADC Backup Against APC Interference
Columns

The Shadow Strategist: El-Rufai, the Illusion of Power, and 2027’s Looming Reckoning

by Odini Brains
2 weeks ago
Columns

Kidnapped, Silenced, Vindicated: The Full Impact of Kanu’s Judgment

by Odini Brains
3 weeks ago
The Emerging Kogi: Economic Growth Impact Transforming Better Reality
Columns

The Emerging Kogi: Economic Growth Impact Transforming Better Reality

by Kiikpoye Karibo
3 weeks ago
ON THE PUBLIC NUISANCE CALLED SOWORE
Opinion

ON THE PUBLIC NUISANCE CALLED SOWORE

by Kiikpoye Karibo
5 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

NELFUND Disburses ₦73.2bn in Interest-Free Student Loans Across Nigeria

NELFUND Disburses ₦73.2bn in Interest-Free Student Loans Across Nigeria

July 18, 2025
INEC Extends Anambra Voter Registration by Three Days

INEC Extends Anambra Voter Registration by Three Days

July 18, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address