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Don’t Sell Petrol at New Govt Price, IPMAN Tells Members
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Following the reduction of pump price of petrol from N125 per litre to N123.50 per litre, the Independent Petroleum Marketers Association in Kano State has directed its members to ignore the directive on new price and sell the product at N125 per litre until their old stocks are exhausted.
IPMAN’s Chairman for Kano State, Alhaji Bashir Danmalam, who gave the directive while addressing a news conference in Kano on Wednesday, said members of the association would not comply with the new price regime until after they had sold all their old stocks.
The Petroleum Products Pricing Regulatory Agency had on Tuesday night announced the reduction of pump price from N125 per litre to 123.50 per litre.
According to Danmalam, the last time the Federal Government reduced the pump price of the product from N145 per litre to N125 per litre, its members nationwide lost over N5.5bn as a result of the sudden action.
“We called on government to compensate or support our members who incurred the huge losses due to the sudden reduction in fuel pump price but nothing was given to us.
“But to our surprise, the private depots owners were paid; none of our members was supported to reduce the losses they incurred. This time round, we will not sell our products at the new price until the old stocks are exhausted.”
He noted that IPMAN was the largest employer of labour besides the Federal Government, adding that members of the union would not continue to operate at a loss.
“Apart from the Federal Government, IPMAN is the largest employer of labour in the country and we cannot continue to support the government at this trying time while we are operating at a loss,” Danmalam said.
He accused the management of the PPPRA of trying to sabotage the Federal Government’s efforts to ensure sustained fuel supply and distribution across the country through some policies that could plunge the sector into a serious crisis.
“Even though we are happy with the new development and the Federal Government should be commended for the gesture, the government should consider the fact that no sane marketer or businessman will continue operating their business at a loss.
“Before the last announcement, many of our members had already bought and loaded their vehicles with the product at old prices from Lagos, Port Harcourt and Warri and we spent five to seven days before reaching our destinations. So we are not going to sell the product at the new price until we sell the old stocks.”
He said the union would not hesitate to ask its members to withdraw their services should any filling station of their members be closed for not selling at the new pump price of N123.50 per litre.
The Punch
Jude Bellingham scored a dramatic extra-time winner as England overcame an unfortunate Norway to reach the semi-finals of the 2026 World Cup.
Bellingham slid home the winning goal in the first half of extra time after a second Norway goal was ruled out by the VAR for an Erling Haaland foul.
Andreas Schjelderup had given Norway the lead, but Bellingham equalised with a brilliant finish — although England were fortunate the goal stood after the ball struck the Spidercam during the build-up.
England rode their luck at times but will now face either Switzerland or old rivals Argentina as they seek to reach the World Cup final for the first time since 1966.
New York Times
Oyo State Governor Seyi Makinde has expressed relief and joy over the release of the abducted schoolchildren and teachers in Oriire Local Government Area.
“It is such a big relief for all of us. Right now, I am overjoyed and can hardly say much,” the governor told Channels Television.
President Bola Tinubu has also expressed delight over the successful rescue of abducted children and teachers, commending the military, the DSS, and the Nigeria Police Force for ending their 56-day captivity.
The President said the security operation led to the arrest of eight suspected abductors while several others were neutralised, describing the outcome as a major relief for the victims, their families and the nation.
In a statement issued on Friday by his Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu praised the security agencies for what he described as their tireless efforts in securing the victims’ release.
He also sympathised with the children, teachers and their families over the trauma they endured during the prolonged ordeal
The President further commended the Oyo State Government for its cooperation with the Federal Government throughout the rescue operation and urged the state to strengthen security around schools to prevent similar incidents.
President Tinubu also directed emergency response agencies to work with the Oyo State Government to provide the rescued children and teachers with all necessary medical care and relief support as they recover from the ordeal.
The schoolchildren and teachers kidnapped by suspected bandits in Oriire Local Government Area of Oyo State have been rescued after about 56 days in captivity.
According to a statement by presidential spokesperson, Bayo Onanuga, the victims were freed through the efforts of security agencies.
“Finally, all the kidnapped pupils and teachers in Oriire, Oyo State, have been rescued by our security agencies,” Onanuga said.
He disclosed that eight members of the kidnapping gang were arrested during the rescue operation and are now in the custody of the Department of State Services (DSS).
Onanuga said the rescue operation did not involve any exchange or concession to the kidnappers, noting that a notorious gang leader whose release had been demanded by the abductors remains in custody and is being prosecuted for his alleged crimes.
He added that security agencies would provide a full account of the operation soon.
“In the course of the rescue operation, eight of the kidnappers were arrested and are now in DSS custody, while some of them were neutralised. There was no quid pro quo in the rescue, as one of the terrorists, a kingpin whose release was demanded by the kidnappers, is being prosecuted for his atrocities. The security agencies will give full account soon,” he added.
In a video shared alongside the statement, a woman believed to be one of the rescued teachers was seen thanking President Bola Tinubu for securing their release. The schoolchildren were also seen eating biscuits and joining the teacher in chanting, “Thank you, sir,” at the end of her remarks.
“Hello sir, our father, we are grateful. Mr President, sir, we are grateful. We understand your commitment to our safety and we appreciate all you did for us. We could see your hand in this. Thank you very much. Every security operative tried so much, and that is why we are still alive today. We are very grateful to you. Thank you very much,” the teacher said.
