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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.
Anyone can pay the N25,000 wrong packing penalty slammed on Peter Obi, candidate of the Nigeria Democratic Congress by Festus Keyamo, Minister of Aviation and Aerospace Development, last week.
This was the angle introduced by the Minister, on Friday, when he acceded to the request of one Nnaemeka Ikerionwu, who volunteered to pick up the tab against the former Governor of Anambra State and candidate of the Labour (LP), in the 2023 presidential election.
Keyamo, who directed to the volunteer to liaise with the Federal Airports Authority of Nigeria (FAAN), on the payment process, had last Friday, Keyamo, in a statement posted on his X handle, demanded that Obi tendered a public apology to airport officials and pay a N25,000 fine.
Though the minister’s latest response suggests that government is willing to accept payment of the fine through a third party, he was however silent on whether his earlier demand that Obi tender a public apology to airport officials had been waived.
The new twist came as a consequence of what the Minister said was his investigation after the former governor cried out about alleged harassment by the Federal Government, citing the clamping of his car by airport staff during one of his use of the facility as an example.
The Minister had released as part of the investigation, a Close Circuit Television (CCTV) footage, to prove that Obi’s vehicle was parked unattended in a restricted area, prompting airport security personnel to clamp its tyres.
Keyamo said Obi arrived at the domestic wing of the Nnamdi Azikiwe International Airport, Abuja, on July 4, 2026, and left the vehicle after being dropped off by a police driver.
Meanwhile, in a post on his X handle, the Minister responded to Ikerionwu’s offer to settle the fine on Obi’s behalf by asking him to meet with FAAN’s Director of Commercial and Business Development for guidance on the payment process.
He wrote: “Thank you for bringing this to my attention. Please, Mr Nnaemeka Ikerionwu should proceed to see the Director of Commercial and Business Development for the Federal Airports Authority of Nigeria (FAAN), and he will be directed on the mode of payment of the fine for the offender.
“Now that we have burst his bubble, next time, Peter Obi should think twice before making outlandish claims of being targeted at our airports or anywhere for that matter in order to get ‘sympathy votes’.”
Abubakar Malami, is going upstairs to get the Court of Appeal quash the judgement of the Federal High Court, Abuja, empowering the Federal Government to seize 40 properties allegedly linked to him.
Justice Joyce Abdulmalik of the Federal High Court, Abuja, had ordered the forfeiture of the properties valued at N212.8billion, after the Economic and Financial Crimes Commission (EFCC), convinced him that they were obtained through illegal means by the former AGF-MoJ.
Before delivering the substantive judgment, the judge dismissed several applications, motions on notice and applications to show cause filed by Malami, his family members, and some companies linked to the properties, describing them as “wanting in merit”.
She held that the issue before the court was not “who owns the property, but how legitimate are the funds used to acquire the properties, adding that Malami, had “not dislodged the reasonable suspicion that the property was acquired by unlawful activities.”
But the ex-AGF-MoJ, in a statement conveyed through Bello Doka, his spokesman on Friday, stated that he respectfully disagreed with aspects of the judgment, though he remained fully committed to the rule of law and the independence of the judiciary.
He said he had instructed his legal team to immediately challenge the decision at the Court of Appeal, in line with his fundamental rights, adding that the judgement of the lower court was not the final stamp on the matter.
“The appellate process exists to ensure that every legal issue is thoroughly examined, and Mr. Malami is confident that justice will ultimately prevail,” he said, urging the public and the media to avoid premature conclusions while the judicial process runs its full course. Respect for due process remains the cornerstone of every democratic society.
Expressing his sincere appreciation of the prayers, goodwill, and steadfast support of the people of Kebbi State and Nigerians across the country, over the matter, he assured them that the development would not distract him from his unwavering commitment to serving the people and advancing his vision for a peaceful, secure, and prosperous Kebbi State.
“Supporters are encouraged to remain calm, peaceful, and law-abiding while allowing the courts to perform their constitutional role,” he said.
Adeniyi Adeyemi, controversial Director General of the Presidential Foreign Intervention Promotion Council (PFIPC), is to cough out a whopping N15billion, should he be found guilty of defaming Femi Gbajabiamila, Chief of Staff (CoS) to President Bola Tinubu.
The former Speaker of the House of Representatives, has approached the Federal Capital Territory (FCT) High Court, Abuja, Gbajabiamila, with a suit to compel the payment after flatly denying the allegation of the embattled DG, having ignored his earlier demand of N10billion and an apology from Adeyemi as the only option to stop the legal action.
Adeyemi, who was on Tuesday, arrested by the police in Osun State, barely hours after Justice Mohammed Umar of a Federal High Court in Abuja issued a warrant for that purpose, had publicly accused Gbajabiamila during a press conference on June 25, 2026, of demanding a 48 per cent kickback from a N27.3 billion take-off grant, after receiving an initial N400 million through a proxy, and demanded an additional N200 million balance.
Gbajabiamila, who handed him a 72-hour ultimatum to retract the allegation and tender a public apology or face legal action, in the suit filed on Thursday is seeking N10 billion as general damages, N5 billion as aggravated damages, N200 million as cost of the action, and an order compelling Adeyemi to publish a full retraction and apology in five national newspapers.
He is also asking the court to direct the defendant to pin the apology on all social media platforms and online channels where the alleged defamatory statements were published for 30 days.
The Chief of Staff, through his legal team from Pinheiro LP led by Kemi Pinheiro, SAN, described the allegations as false, malicious and defamatory.
In the statement of claim, Gbajabiamila denied ever meeting or communicating with Adeyemi or authorising anyone to act on his behalf.
Adeyemi, who had alleged at a press conference that a disagreement arose after Gbajabiamila purportedly demanded a 48 per cent kickback from the agency’s N27.3 billion take-off grant, had also claimed that N400 million had already been paid through a proxy on behalf of the Chief of Staff, while an additional N200 million was required to secure presidential approvals.
“The claimant has never met the defendant, never held any meeting with him and has never authorised any intermediary, representative, agent or proxy to demand or receive money on his behalf,” the court filing stated.
The suit also referred to Adeyemi’s claims regarding the alleged mysterious death of an intermediary, Mr. Babatunde Tanimola, whom he claimed served as the link between himself and the Chief of Staff.
Adeyemi alleged that Tanimola died in a suspicious hotel fire in Utako, Abuja, on October 22, 2025, a day after Gbajabiamila allegedly petitioned the police.
He further claimed that he narrowly escaped an assassination attempt along the Abuja-Kaduna Expressway in September 2025, and alleged that a “directive from above” instructed the Department of State Services, DSS, and the Nigeria Police Force to discontinue efforts to recover his stolen mobile phones, which he claimed contained crucial evidence.
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