• About Us
  • Contact Us
  • Privacy & Policy
Sunday, January 18, 2026
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 petrol’s N739 per liter price in filling station competitive – Bird
Economy

Dangote petrol’s N739 per liter price in filling station competitive – Bird

3 days ago
More tax: Nigerian banks to charge 7.5% VAT on transfers, USSD transactions
Economy

More tax: Nigerian banks to charge 7.5% VAT on transfers, USSD transactions

3 days ago
Dangote Refinery drops Petrol Price For Marketers
Economy

Petrol marketers expect cheaper fuel price, waiting Dangote Refinery’s action

2 weeks ago
Nigerian Airlines Struggle with High Maintenance Costs Amid Currency Crisis
Economy

Naira gains against US dollar as Nigeria’s foreign reserves rise to $45.57bn

2 weeks 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

David Mark emerges coalition’s ADC interim national chairman
National

‘well-deserved victory’ – Mark commends Super Eagles’ AFCON third-place win

2 hours ago
Peter Obi, El-Rufai Granted Waiver Ahead 2027 Election
National

ADC questions US–Nigeria health agreement, seeks clarity

2 hours ago
Wike’s fight with SIM driving investors away from Rivers – Ihunwo
National

Wike’s fight with SIM driving investors away from Rivers – Ihunwo

2 hours ago
Politicians defect to ruling APC to avoid being prosecuted for corruption, says APC Chieftain
National

Rivers can’t afford legislative coup – APC

2 hours ago
NEC plans to increase Nigeria’s non-oil revenue
National

NEC plans to increase Nigeria’s non-oil revenue

1 day ago
Ebonyi LGA election: David Umahi’s son picks N30m chairmanship form
National

Ebonyi LGA election: David Umahi’s son picks N30m chairmanship form

1 day ago

POLITICS

David Mark emerges coalition’s ADC interim national chairman

‘well-deserved victory’ – Mark commends Super Eagles’ AFCON third-place win

2 hours ago
Peter Obi, El-Rufai Granted Waiver Ahead 2027 Election

ADC questions US–Nigeria health agreement, seeks clarity

2 hours ago
Wike’s fight with SIM driving investors away from Rivers – Ihunwo

Wike’s fight with SIM driving investors away from Rivers – Ihunwo

2 hours ago
Ebonyi LGA election: David Umahi’s son picks N30m chairmanship form

Ebonyi LGA election: David Umahi’s son picks N30m chairmanship form

1 day ago
2027: Atiku might become `Abraham Lincoln of Nigeriaʼ – Dele Momodu

You’ve made right choice – ADC tells Dele Momodu

2 days ago
2027: We won’t condone members with ulterior motives – ADC

Nigerians all agree APC-led govt has failed – ADC

2 days ago

YOUR ECONOMY

Dangote petrol’s N739 per liter price in filling station competitive – Bird
Economy

Dangote petrol’s N739 per liter price in filling station competitive – Bird

3 days ago
More tax: Nigerian banks to charge 7.5% VAT on transfers, USSD transactions
Economy

More tax: Nigerian banks to charge 7.5% VAT on transfers, USSD transactions

3 days ago
Dangote Refinery drops Petrol Price For Marketers
Economy

Petrol marketers expect cheaper fuel price, waiting Dangote Refinery’s action

2 weeks ago
Nigerian Airlines Struggle with High Maintenance Costs Amid Currency Crisis
Economy

Naira gains against US dollar as Nigeria’s foreign reserves rise to $45.57bn

2 weeks ago
CBN to Nigerian banks: Introduce MFA for foreign card transactions on POS, ATMs
Economy

CBN to Nigerian banks: Introduce MFA for foreign card transactions on POS, ATMs

4 weeks ago
Dangote alleges economic sabotage by NMDPRA Chief, demands probe
Economy

Dangote alleges economic sabotage by NMDPRA Chief, demands probe

1 month ago

E & P

Why I won’t coach Mali again — Chelle
Sports

Why I won’t coach Mali again — Chelle

by Steven Atogi
2 hours ago
0

Super Eagles head coach, Eric Chelle, has strongly dismissed claims he would consider a return to the Mali national team....

AFCON 2025: Super Eagles Ndidi, Alebiosu ruled out of Semi final

AFCON 2025: Super Eagles Ndidi, Alebiosu ruled out of Semi final

6 days ago
Nigerian attacker Boniface begins rehabilitation after successful knee injury

Nigerian attacker Boniface begins rehabilitation after successful knee injury

1 week ago
Benin’s Victory Sparks Tension As Nigeria Gears Up For AFCON Showdown

AFCON: Super Eagles’ qualifies for quarter-final after beating Mozambique 4-0

2 weeks ago
‘Huge mistake’ – Rio Ferdinand blasts Man United over Victor Osimhen

‘Huge mistake’ – Rio Ferdinand blasts Man United over Victor Osimhen

2 weeks ago
AFCON: Mozambique players offered huge bonuses to beat Nigeria

AFCON: Mozambique players offered huge bonuses to beat Nigeria

2 weeks ago

YOUR THOUGHT & HISTORY

NASS Rubber-Stamp Tinubu: PDP Chieftain Blasts Legislature, Calls Akpabio ‘Unfit’
National

NASS Rubber-Stamp Tinubu: PDP Chieftain Blasts Legislature, Calls Akpabio ‘Unfit’

by Steven Atogi
4 months ago
The Union, the Tycoon, and the State: Dangote versus PENGASSAN War, A New Precedent for Nigerian Labour
Opinion

The Union, the Tycoon, and the State: Dangote versus PENGASSAN War, A New Precedent for Nigerian Labour

by Odini Brains
4 months ago
HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE
Opinion

HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE

by Odini Brains
4 months ago
Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents
National

Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents

by Odini Brains
4 months ago
The Rise And Fall Of Sports Institute, Isaka
Columns

The Rise And Fall Of Sports Institute, Isaka

by Tammy Opoki
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

Why I won’t coach Mali again — Chelle

Why I won’t coach Mali again — Chelle

January 18, 2026
David Mark emerges coalition’s ADC interim national chairman

‘well-deserved victory’ – Mark commends Super Eagles’ AFCON third-place win

January 18, 2026
  • 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