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Enugu Gov. Mourns Access bank CEO, Says Nigeria Lost Corporate Titan—-Gov. Peter Mbah of Enugu State has joined other well-meaning Nigerians and world leaders in mourning the Co-founder and Group Chief Executive Officer of Access Holdings Plc, Mr Herbert Wigwe.

Wigwe, his wife, Chizoba, their son and a former Group Chairman of Nigerian Exchange Group Plc, Abimbola Ogunbanjo, died in an air crash in the United States on Saturday.

The governor expressed his grief in a statement he personally signed on Sunday in Enugu.

Mbah, who described Wigwe as a corporate titan, and the deaths as a monumental tragedy not only to Nigeria but the entire corporate world.

“This news comes with deep shock and rubs in, once again, the vanity of life.

“Wigwe was a brother, a team player, philanthropist, visionary, and thoroughbred professional, who distinguished himself in the banking industry and corporate world.

“He rose through the ranks to become a pioneer and titan of our time as well as an entrepreneur of global repute and reach.

“My heart goes out to his immediate family, relatives, the Access Holdings Plc family, corporate Nigeria, and indeed the nation over these grave losses. May God grant their souls eternal repose,” he prayed.

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General Buratai Urges Dangote Not To Succumb To Marketers Blackmail, Reveals Why

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Dangote

General Buratai Urges Dangote Not To Succumb To Marketers Blackmail, Reveals Why—-Former Chief of Army Staff and erstwhile envoy of Nigeria to the Republic of Benin, Lt. General TY Buratai Rtd (CFR) has lent his voice to the lingering issues between Dangote Refinery and petroleum marketers in Nigeria. The decorated General urged Dangote, not to succumb to the marketers blackmail.

In an exclusive chat with some journalists on his opinion over the imbroglio between the two gladiators, he raised a fundamental question as regards who is blackmailing Dangote?

According to Buratai, Dangote refinery can not operate outside the global oil system. Just because it refines locally and gets its crude in Naira is not a reason to sell it cheaper. He stated that the government must susidise because it is making a profit. However, the question of subsidy is very sensitive now. But when subsidy is reintroduced, it should be only for locally refined products. At the same time, our borders must be closed for all smugglers, especially in petroleum products.

“Our borders are porous, and high-level smuggling is witnessed in every sphere. Dangote must find markets elsewhere to be able to maintain its operations. It is good news that Ghana and other African countries are approaching Dangote to buy his products.

“If Dangote refinery sells its product cheaper, be rest assured the products will be massively smuggled. The petroleum marketers are not sincere. They want cheap Dangote products to be able to smuggle them outside our shores. In this case, both Nigerians and Dangote will be the losers.”

Continuing, Buratai believed that “Unless all our borders are properly manned and all the smuggling routes are blocked, then the government subsidy will work for our benefits”

“Dangote should not succumb to the marketers’ blackmail”, he concluded.

It would be recalled that the row between Dangote Refinery and petroleum marketers in Nigeria has taken a new dimension following the comment by the President of the Dangote Group, Alhaji Aliko Dangote that petroleum marketers were not approaching his refinery for purchase of petroleum products.

 

There has been an uneasy calm since the roll-out of premium motor spirit (PMS), also known as petrol, from the Dangote Refinery in September. Their were discordant tunes between the management and the Nigerian National Petroleum Company Limited (NNPCL) and other petroleum marketers.

Dangote refinery has disclosed the price of its petrol, revealing that it sells petrol at N960 per litre for ships and maintains a price of N990 per litre for trucks.

The statement follows claims from the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) that they can import fuel at cheaper rates than Dangote’s.

In an earlier interview, the marketers alleged they were buying fuel more affordably from abroad and called on Dangote Refinery to collaborate with stakeholders.

In response, the refinery argued that only substandard products could be obtained at prices lower than its own.

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Fire Razes Ajah Market Destroys Goods Worth Millions Of Naira

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Ajah Market

Fire Razes Ajah Market Destroys Goods Worth Millions Of Naira—-A devastating fire broke out on Sunday evening at Ajah Market near Alesh Bus Stop in Lekki, Lagos, causing extensive damage to shops and goods worth millions of naira.

The blaze, which began around 9 p.m., tore through several stores containing highly flammable materials, intensifying the destruction.

Dr. Femi Oke-Osanyintolu, Permanent Secretary of the Lagos State Emergency Management Agency (LASEMA), confirmed that LASEMA, alongside the Lagos State Fire and Rescue Services, responded promptly to contain the fire.

Fortunately, no casualties or injuries were reported, as the market was closed for the day, and traders were absent.

While the cause of the fire is still under investigation, authorities are assessing the extent of the losses.

“The LASEMA Response Team, along with the Lagos State Fire and Rescue Service, managed to prevent the fire from spreading to neighboring buildings,” Oke-Osanyintolu reported. “Efforts are ongoing to completely extinguish the fire and salvage remaining valuables.”

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