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Lagos, Nigeria: The Dangote Petroleum Refinery, part of Africa’s largest diversified manufacturing conglomerate, Dangote Group, issued a statement today addressing recent claims from the Independent Petroleum Marketers Association of Nigeria (IPMAN). The statement clarifies that the refinery has not received any payments from IPMAN members for the purchase of refined petroleum products, directly responding to allegations of payment issues.

According to the Dangote Group’s release, the refinery currently has no direct business dealings with IPMAN. Payment for petroleum products, the statement emphasized, has been processed through the Nigerian National Petroleum Company Limited (NNPCL). Additionally, NNPCL has not approved or authorized the release of Premium Motor Spirit (PMS) from the Dangote refinery to IPMAN. The refinery urges IPMAN members to register and make direct payments to ensure access to petroleum products, citing that Dangote can currently load up to 2,900 trucks per day and evacuate products via sea routes.

In its statement, Dangote also advised stakeholders to refrain from unfounded claims and speculative media statements, noting that these could hamper economic efforts. Emphasizing the importance of unity, the Group aligned itself with President Bola Ahmed Tinubu’s vision of a collaborative approach to national economic re-engineering.

Website-Banner-1-29-1024x448 Dangote Group Sets the Record Straight on IPMAN Petroleum Product Disputes

The Dangote Group, founded by billionaire Aliko Dangote, has established itself as Africa’s most diversified manufacturing conglomerate, dedicated to improving the quality of life across Sub-Saharan Africa by addressing essential needs in food and shelter. With a presence in 17 African countries, the Group has a prominent market position in industries such as cement manufacturing, sugar milling and refining, port operations, packaging materials production, and salt refining. Its subsidiary, Dangote Cement Plc, stands as the largest listed company in West Africa and holds the distinction of being the first Nigerian company to join the Forbes Global 2000 Companies list.

Guided by a mission to provide for the basic needs of people across the continent, the Dangote Group continues to uphold its commitment to market leadership and high standards of quality.

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