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PMS cost: Fat cats scamming, ripping-off Nigerians with false claims – NLC
“Padding of costs and abnormal margins seems to be the order of the day considering the revelations from the ongoing controversy between Marketers and Dangote group. It is entirely possible that Nigerian workers and masses are being ripped off by those who control the levers of Economic power in Nigeria which explains why the domestic public refineries may not immediately be allowed to come on stream.”
These were the exact words of the Nigeria Labour Congress (NLC), with which they put a lie to the current back and forth exchange by players in the Nigeria downstream oil industry with regards to the actual cost of Premium Motor Spirit (PMS), otherwise known as petrol, which price has virtually hit the roof, rising from just N189 before May 29, 2023 to N1,300 currently.
The body representing the junior workforce, which with the Trade Union Congress (TUC) collaboration is leading organised labour in Nigeria, made the damning declaration as part of its resolutions after its National Executive Council (NEC) meeting at the weekend.
Stressing the accusation of the players deliberately ganging up against Nigerians, the body, stated that the right thing must be done and those involved must loosen their grips to end the current excruciating hardship in the country.
The statement, added: “The NEC-in-session noted with increasing dismay the shenanigans around the
appropriate pricing of petrol (PMS) in Nigeria. It observed that there may be a gangup against Nigerians by fat cats in the industry as the current price of the product is significantly higher than the real market price.
“NLC demands appropriate pricing of petrol and calls for the Public domestic
refineries in PH, Warri and Kaduna to quickly come back on stream to break-up
the monopolistic stranglehold the big players have on the industry.”
On the same day, the body directed its members in states that are yet to commence the implementation of the new minimum wage of N70,000 approved recently, to commence an indefinite strike, beginning from December 1, 2024.
“The NEC notes with deep frustration the persistent delay and outright refusal by
some state governments to implement the 2024 National Minimum Wage Act. This betrayal by certain governors and government officials across the country flies in the face of both legality and morality, as workers continue to be denied their rightful wages amidst rising economic hardship. It is a blatant disregard for the law and the lives of millions of Nigerian workers, who are being exploited by the very leaders sworn to protect them.
“The NEC therefore resolves to set up a National Minimum Wage Implementation
Committee that will among others commence a nationwide assessment,
mobilization and sensitisation campaign, educating workers and citizens on the
need to resist this assault on their dignity and rights. Furthermore, the NLC shall
initiate a series of industrial actions in all non-compliant states and shall not relent until the minimum wage is fully implemented across Nigeria.
“To this end, all state Councils where the National Minimum Wage has not been
fully implemented by the last day of November, 2024 have been directed to proceed on strike beginning from the 1st day of December, 2024. Nigerian workers demand justice, and justice they shall have,” the NLC communique read in part.
Bemoaning the situation of continued and unchecked rise in inflation, the NLC also regretted the costs of basic necessities spiraling beyond the reach of the average worker, among others, demanding immediate, concrete interventions from the Federal Government, not token measures, to relieve this suffering.
“We call for the implementation of comprehensive social protection policies that shield Nigerians from poverty, provide affordable healthcare, and ensure a wage that reflects the true cost of living. To this end, we call for a wage review across the nation including a review of all the policies that have rather emasculated Nigerian people,” it said.
Justice Muhammad Nuraddeen Bello of High Court sitting in Sokoto State has sentenced three men, including a foreign national, to death by hanging, after convicting them on charges bordering on terrorism and arms proliferation.
The convicts, Yusuf Muhammad (alias Sallau), a Nigerien; Jabbi Alhaji Yalle; and Kabiru Muhammad, were apprehended on 13th June, 2025, by the Department of State Services (DSS) Counter Terrorism Unit in connection with cross-border criminal activities bordering on arms trafficking and terrorism.
Bello, who found all three defendants guilty as charged and sentenced them to death by hanging, while also ordering the forfeiture of all monetary exhibits recovered from the convicts to the Federal Government, said: “The conviction is the latest in a series of successful prosecutions by the DSS in its sustained operations against terrorism and organised cross-border criminal networks across Nigeria.”
The sentencing is coming about two weeks after the Federal High Court sitting in Abuja sentenced each of the five suspects arrested on May 31, 2026, by the DSS for their involvement in the November 21, 2025, attack on St Mary’s Catholic School, Papiri, Niger State, to 25 years’ imprisonment.
Justice Binta Nyako, had handed down the judgment after the men, including two Nigeriens, pleaded guilty to all four terrorism-related charges, bordering on support for the commission of an act of terrorism, breaching both Section 16 of the Terrorism (Prevention and Prohibition) Act, 2022, and the Firearms Act, were pressed against them.
According to Count One, the men were accused of jointly conspiring to assist a terrorist by agreeing and intentionally playing various roles towards conveying 15 AK 103 rifles as well as about 1,434 rounds of 7.62mm live ammunition from the Diffa region, Republic of Niger, to one Malam Ahmad, a member of the Boko Haram terrorist group based in Borgu, Niger State, and thereby committed an offence contrary to Section 26(1) of the Terrorism (Prevention and Prohibition) Act, 2022.
Primate Elijah Ayodele, is on the verge of coughing out a whopping N10billion, if he fails to offer unrestrained apology to Rabiu Musa Kwankwaso, former Governor of Kano State within the next 24 hours, and retract his claim that the former Minister of Defence is bidding his time to betray Peter Obi, to whom he is to contest the 2027 presidential election as a running mate.
Without doing so, the controversial cleric, should be ready for a major court battle with the vice-presidential candidate of the Nigeria Democratic Congress (NDC), the platform on which the pair is to contest the election.
In a letter indicating a legal action against Ayodele of the INRI Evangelical Spiritual Church over defamatory remarks, Kwankwaso, through Magaji Mato Ibrahim, SAN & Co., his lawyers demanded an immediate retraction and apology from the cleric over the allegations.
Details of the letter, dated June 11, and unveiled through the X platform of the legal team, was based on a viral video recorded during a live-streamed church service, where the preacher made allegations targeting Kwankwaso’s integrity as Peter Obi’s running mate under the NDC.
Quoting the cleric as stating: “KWANKWASO IS A FAKE TO OBI, KWANKWASO WILL BETRAY YOU. KWANKWASO HAS BEEN PAID TO BE VICE PRESIDENT TO OBI AMONG OTHER LIBELOUS COMMENTS WHILE PRETENDING TO BE A PREACHER,” the former governor said the comments were unprovoked, grossly unfounded, and carefully designed to create a rift within the ranks of the political party and its supporters.
Handing Ayodele a 24-hour ultimatum to publish a full and unequivocal retraction across all social media platforms and news outlets with the same prominence as the original video, they also demanded a written undertaking that he would cease and desist from making any further malicious statements against their client, warning that failure to comply, would lead to full legal actions.
The letter stated: “We shall claim substantial damages to the tune of Ten Billion Naira and cost of the action on a full indemnity basis amongst other reliefs.”
President Bola Ahmed Tinubu on Tuesday demanded the immediate end to the exportation of minerals from countries in Africa in their raw forms, which he said had led to massive exploitation of the continent.
The President, told member countries of the African Minerals Strategy Group (AMSG), a forum of Ministers in charge of Mining and Solid Minerals on the continent to speak with one voice to promote, collective interests, ensure value addition, and prevent the continent from becoming merely a source of raw materials for the rest of the world.
As the Grand Patron of the group, chaired by Dele Alake, Nigeria’s Minister of Solid Minerals Development, gave the charge while receiving a delegation of AMSG in the State House, Tinubu told the delegation that the group had a critical role to play in strengthening Africa’s bargaining power in the global mineral market and ensuring that the continent derives maximum value from its natural resources.
His words: “ What we should do is avoid bureaucracy and deceit; we must put an end to exploitation. The rest of the world won’t mind if your country is a cesspit of dams and rubbish and excavates your raw materials without giving value.
“It is our responsibility to collaborate and cooperate to ensure that these metals and minerals bring value to us, bring technology to us, and we can do it. It is how much each country will put into the research, development and refinery. I don’t see reasons we cannot demand centralisation of that conversation somewhere on the continent. So why not utilise that in our research and development and knowledge-based economy to enhance the quality of life and bring prosperity to our people.”
Emphasising that Africa possessed enormous mineral wealth that should be strategically harnessed to drive industrialisation, create jobs and accelerate economic transformation across the continent, the President, said the era of exporting raw minerals without local processing and beneficiation must give way to a new model that encourages investment in local industries, technology transfer and the development of value chains that retain wealth within Africa.
Alake, who had earlier expressed gratitude to the President for his exemplary leadership under the Renewed Hope Agenda, said the gesture had shown support for Nigeria’s mineral sector, especially in the local value-addition and economic diversification drive, where artisanal miners are empowered.
He told the President: “You encouraged us to look at the focal point of the establishment of this group, which is to ensure that the African natural resources, especially with regards to minerals, critical matters, are localised, the beneficiation coming directly to Africans generally.
“You charged us that we should set our sails very high and ensure that local value addition is a pivot around which all the objectives of this organisation should revolve.
“So, sir, we have gone implemented your charge and we are quitted that today local value addition is reverberating all over Africa.”
He added that some member countries have gone ahead to ban the export of raw minerals.
He explained members of the body were in Abuja for the Fifth edition of the African Natural Resources and Energy Investment Summit (AFNIS 2026), to push for a new continental approach to resource management and industrial development.
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