• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

Widespread fraud within the Dangote network puts a halt to his discount plans

Simon Osuji by Simon Osuji
July 18, 2025
in Business
0
Widespread fraud within the Dangote network puts a halt to his discount plans
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

The case of fraud detected by the refinery has been linked to some of the company’s affiliate marketers and key partners who have been diverting subsidized refined petroleum products for profit.

After looking into the case, the Dangote Refinery discovered that a few marketers who had been offered discounted products to ease energy costs in Nigeria and ensure steady supply of fuel across outlets had been diverting loaded trucks to unregistered third-party marketers.

The investigation further revealed that the products intended to be sold at a discount had been resold at market rates substantially beyond the agreed-upon discounted costs, defeating the whole purpose of Dangote’s discount scheme.

As reported by the Punch, the program’s initial aim was to ensure that the refinery’s products would be available across the country while also helping Dangote’s registered affiliate marketers maintain steady profit margins in the face of gasoline importers’ price rivalry.

The marketers turned out to be circumventing the distribution chain by allowing importing and unregistered marketers to use their Authority To Collect loading ticket to get goods from the refinery.

Dangote Refinery

This made it possible for them to quickly turn a profit by exploiting the pricing gap without having to pay for administrative compliance, retail station operations, or genuine logistics costs.

As a result, the refinery has suspended the discount program.

The decision was detailed in a letter to all strategic partners issued on July 13, 2025, and signed by the Group Executive Director-Commercial Operations, Fatima Dangote.

The company also revealed that the decision was due to the fact that the racket had now become widespread.

Related posts

Is It Safe To Invest In The US Dollar?

Is It Safe To Invest In The US Dollar?

February 5, 2026
60% of Transactions in Local Currencies

60% of Transactions in Local Currencies

February 5, 2026

Contents of the letter about the suspension of the fuel supply scheme

“Suspension of the Strategic Partner Discounted Price”, read, “In our drive to ensure the distribution and retail sale of DPRP refined petroleum products across your service stations nationwide, DPRP commenced the strategic partnership scheme with the sole aim of ensuring consumers nationwide have access to affordable and clean petroleum products.

Unfortunately, over the last few months, DPRP has been receiving unprecedented complaints of Strategic Partners (Partners) selling their ATCs at the refinery (Tarmac) below the prevailing PMS gantry product price.

Whilst we have engaged Partners severally on this, it has become evident that this has become an area of grave concern to DPRP as it affects the sustainability of our gantry operations.

To this end, DPRP Management is suspending the discounted price offered to Partners effective 13th July 2025 and working towards restructuring the scheme.”

Source link

Previous Post

US Delays Patriot Arms Deliveries to Switzerland

Next Post

The Pentagon will host a ‘Top Gun’ school for Ukraine-style attack drones

Next Post
The Pentagon will host a ‘Top Gun’ school for Ukraine-style attack drones

The Pentagon will host a ‘Top Gun’ school for Ukraine-style attack drones

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

AI Predicts Ripple (XRP) Price For February 20, 2025

AI Predicts Ripple (XRP) Price For February 20, 2025

12 months ago
Philippine lenders and labor agents fleece workers seeking overseas jobs, interviews and confidential documents show

Philippine lenders and labor agents fleece workers seeking overseas jobs, interviews and confidential documents show

3 years ago
Popular food-company CEO warns America’s ‘morality’ at risk

Popular food-company CEO warns America’s ‘morality’ at risk

3 years ago
Maya Horgan Famodu on Challenges and Opportunities for African Tech Startups

Maya Horgan Famodu on Challenges and Opportunities for African Tech Startups

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.