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Stop panic buying, we’ve no plan to hike petrol to N700 per litre – IPMAN

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Fuel price rises to N750.17 per litre – NBS
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied the alleged plan by the association to hike the pump price of Premium Motor Spirit (PMS) also known as petrol to N700 per litre nationwide.

The Chairman of IPMAN Southwest Zone, Alhaji Dele Tajudeen,  stated this  in an interview with the News Agency of Nigeria (NAN) in Ibadan on Friday

The chairman, therefore, urged Nigerians to disregard the speculation and not to engage in panic buying.

Tajudeen stressed that the price of the product would not be more that what is being sold presently.

He commended President Bola Tinubu for removing the subsidy on petrol adding that it was long overdue.

“Even in PIA bill, it has been clearly stated that the subsidy must be removed,

”So, I want to commend him for removing the subsidy and I want to say that we are in support totally. This is because the subsidy was a scam.”

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He said the slight increase in pump price was because of the transportation cost and that Nigerians should be at rest as the commodity will not be out of reach for the masses.

“I want to disabuse the mind of the people that they should not panic about it, there is no cause for alarm, we are in control and there is nothing like that.

“So, people should be rest assured that there is no way they can buy petrol more than the price it is being sold now.

“If we look at the price from NNPC retail limited, which is an integral part of NNPC limited, they have more advantages than independent marketers and major marketers.

”So, it was the retail price that they announced they had never given a specific price to the independent marketers.

“However, I have read what somebody put into the paper, it is just speculation it is not a reality. Nothing like that I want to assure the masses.

“” There is no how the price can go to N700 as we speak, because even if the FX is N700 or N800 that has not nothing to take the price of petroleum from N500 to N700,” Tajudeen said.

He noted that the product had been deregulated, hence the differential in prices was due to transportation as it is related to location.

”If you are moving products within Lagos the price may not be more than N300,000 but if you are moving up to Ibadan or there about it could be as much as N500,000.

”And if you are going to Ilorin, it could be as high as N700,000 that would account for differential in prices.

“I want to say with all sense of authority that as of today within Lagos metropolis nobody should sell more than N515 to N520 per litre.

”Though NNPC has given us the price but the reality of it is that what we buy from the market; because NNPC limited is not the only source for our product, we get from private depots.

“So, whatever we buy is what we put our own margin and sell.

”But as of today, the highest you can get anywhere should be around N550; Lagos N510 per litre; Ogun State between N500 and N520,” Tajudeen said in denying plans by IPMAN on a pump price hike.

Meanwhile, a coalition of Civil Society Organisations (CSOs) had vowed to resist the alleged planned hike  in pump price of petrol by IPMAN.

They made their position known in a statement jointly signed by the Convener, Dr Basil  Musa; and Co-Convener, Malam Haruna Maigida, in Abuja on behalf of others.

They vowed to resist by picketing IPMAN members’ filling stations across the country.

They accused the IPMAN of running a parallel government and inflicting pains on ordinary Nigerians by their unilateral adjustment of price of petroleum.

They described the planned increment as unacceptable and called on the Federal Government to stop IPMAN from its alleged profiteering at the expense of ordinary Nigerians.

The CSOs said the move was an economic sabotage, coming at a time Nigerians are still trying to come out of the “price shock”, occasioned by the increment on May 29. (NAN)

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Catholic Bishop shot dead

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Bishop Osorio Citora Afonso
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A Catholic bishop appointed to a central region of Mozambique by Pope Leo XIV was shot dead at home Saturday in what the country’s episcopal body called “mysterious circumstances”.

Bishop Osorio Citora Afonso, 54, was shot in the chest “probably with a single bullet”, a spokesman for the criminal investigations bureau, Maximino Amilcar, told reporters outside the senior clergyman’s residence in the city of Quelimane.

He described the killing as “murder by gunshot”, adding that “it is not easy at this time to give details”.

The Vatican said the pope had “learned with deep sorrow of the grave act of violence that led to the death of His Excellency, Monsignor Osorio Citora Afonso”.

Mozambican President Daniel Chapo issued a statement expressing his “deep sadness” at Afonso’s death, calling it “an irreparable loss for Mozambican society”.

Around a quarter of the population in the African country, a former Portuguese colony, is thought to be Catholic, based on the last census taken nearly a decade ago.

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Afonso, born in Mozambique, served in the Democratic Republic of Congo and in Italy, then as auxiliary bishop in Maputo in 2023 before being made a bishop the following year.

In July 2025, Pope Leo transferred him to the diocese of Quelimane.

The Episcopal Conference of Mozambique said Afonso was “found lifeless and in mysterious circumstances that need to be made clear”.

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Police rescue ex-Power Minister Adelabu’s Sister, Twin Sons from kidnappers

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The rescued victims
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Operatives of the Nigeria Police Force have rescued Mrs. Olaide Busayo Adegoke John-Paul and her 12-year-old twin sons, Peter and Paul, following a rescue operation that culminated in a gun battle with suspected kidnappers.

Police sources said the operation was carried out on Saturday evening at about 7:30 p.m., leading to the safe recovery of the victims, who had been held captive since their abduction earlier in the week.

Mrs. John-Paul, who is the younger sister of former Minister of Power, Adebayo Adelabu, and her twin sons were reportedly kidnapped at about 7:30 a.m. on June 3 while travelling to drop the children at school.

According to security sources, police operatives tracked the kidnappers through sustained intelligence gathering and coordinated tactical operations.

The pressure mounted by security personnel reportedly forced the suspects into a confrontation with officers.

During the exchange of gunfire, two suspected kidnappers were killed, while two firearms were recovered from the scene.

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The victims were rescued unharmed and have since been reunited with their family.

Security agencies have launched a manhunt for other members of the kidnapping syndicate believed to have escaped during the operation.

Investigators suspect some of the fleeing suspects may have sustained gunshot injuries.

The police have not yet released an official statement detailing the circumstances surrounding the rescue operation, the identities of the suspects, or the exact location where the victims were rescued.

The abduction and subsequent rescue have drawn public attention due to the victims’ relationship with Adelabu, a prominent political figure and former cabinet member.

Security operatives are continuing investigations as efforts intensify to apprehend the remaining members of the gang and dismantle the wider kidnapping network.

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Kidnappers of ex-army general release video, demand release of detained members, livestock

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Ex-Director of Defence Information, Brigadier-General Rabe Abubakar
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The abductors of retired Major General Rabe Abubakar, former Director of Defence Information, and his wife released a video on Saturday showing the couple in captivity.

The couple were abducted along the Marabar Musawa–Kafinsoli road in Matazu Local Government Area of Katsina State, near Zakin Baure village.

In the four-minute video circulated on social media, the wife of the retired general was seen conveying the abductors’ demands, Daily Trust reports.

The demands included the release of three of their members identified as Sani, Aminu and Nasiru, as well as the return of livestock allegedly seized from them.

According to her account, two of the detained individuals were arrested in Jikamshi while the third was arrested in Kano.

She also appealed to the Katsina State Government and leaders of five local government areas to facilitate compliance with the demands to secure their release.

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The retired general, who spoke briefly in the video, called for efforts to ensure peace, adding that the abductors had expressed interest in dialogue and peaceful coexistence.

Daily Trust also reports that notorious bandit leader Kachallah Muhammad, who operates in parts of Katsina State, had reportedly established communication with the family of the retired general.

As of the time of filing this report, neither the Katsina State Government nor security agencies had issued an official statement on the video.

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