Customs to sell seized petrol sold at N400/litre, shares details

• The Nigeria Customs Service authorised the contiguous auction of implicit 39,000 litres of confiscated gasoline and 8 vehicles valued astatine much than N63 million
• The substance was seized by Operation Whirlwind operatives successful smuggling hotspots crossed the Lagos-Ogun axis, preventing amerciable export to Benin Republic
• Officials praised the operation’s success, highlighting important advancement wrong 1 twelvemonth and thanking supporting authorities agencies

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

Nigeria Customs Service (NCS) Comptroller General Adewale Adeniyi has authorised the contiguous auction of confiscated petrol astatine a discounted terms of N10,000 per 25-litre jerrycan. This means a litre of the petrol volition beryllium sold astatine N400/litre.

Operatives seized 1,577 jerrycans of 25 litres each, totalling 39,425 litres of PMS. Photo Credit: NCS, Contributor
Source: Getty Images

The merchandise was seized implicit the play by the agency’s task force, Operation Whirlwind, which confiscated gasoline valued astatine implicit N63 cardinal successful the Lagos-Ogun axis, Daily Sun reported.

The National Coordinator of Operation Whirlwind, Assistant Comptroller General (ACG) Hussein Ejibunu, praised the seizure arsenic a important triumph successful the conflict against economical sabotage during a property briefing astatine the Customs Training College successful Ikeja, Lagos, implicit the weekend.

“There is nary harmless haven for smugglers oregon economical saboteurs. We volition proceed to disrupt their activities and trim them to the barest minimum,” helium declared.

Investigators recovered that the products were headed for amerciable export crossed the borderline to Benin Republic aft operatives seized 1,577 jerrycans of 25 litres each, totalling 39,425 litres of PMS, on with 8 proscription vehicles successful smuggling hotspots specified arsenic Ilaro, Imeko, Badagry, Owode, and Ajilete, according to ACG Ejibunu.

The vehicles are worthy N24,000,000, and the duty-paid worth of the substance is N39,425,000, making a full of N63,425,000. Ejibunu noted the advancements made wrong a twelvemonth of the cognition and commended the officers’ commitment.

“It whitethorn involvement you to cognize that successful conscionable 1 year, important milestones person been achieved crossed each zones. This is owed to the commitment, discipline, and resilience of the operatives,” helium said.

Additionally, helium thanked the Office of the Attorney General, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and the Office of the National Security Adviser (ONSA) for their support.

ACG Charles Orbih, the Zone "A" zonal coordinator, praised Operation Whirlwind’s continued success.

“This landmark accomplishment reflects the determination and unwavering committedness of our officers to safeguarding Nigeria’s economical and nationalist security,” helium said.

Investigators recovered that the petroleum products were headed for amerciable export crossed the borderline to Benin Republic. Photo Credit: Contributor
Source: Getty Images

NNPC, Dangote Refinery’s spouse trim petrol cost

Legit.ng reported that Petrol terms battles betwixt depot owners, Dangote Petroleum Refinery, and the Nigerian National Petroleum Company Limited (NNPC) person led to price reductions across filling stations.

The Dangote Refinery lowered its substance prices for partners from an mean of N890–N920 per litre to N875–N905, varying by location.

According to a connection shared done a pricing table, the caller retail prices use astatine the pumps of Dangote’s organisation partners crossed Nigeria, including MRS, Ardova Plc (AP), Heyden, Optima Energy, TechnoOil, and Hyde.

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Source: Legit.ng