Alhaji Aliko Dangote shouldn't be held accountable for purchasing dollars at a cheaper rate when he was developing his refinery, according to Muhammadu Sanusi II, the 16th Emir of Kano, because that was the real rate the apex bank was selling to everyone at the time.


At first, Sanusi, who voiced his opinion on the matter via the SOP Chat Group, stated, "I honestly do not think it is a good idea for me to make comments on these issues, but some comments surprise me, and I just have to say something."

The emir continued, saying, "The price at which the CBN sold dollars was not fixed by Aliko Dangote. If they purchased on the same day, the rate at which each person received dollars from the CBN was the same. It is therefore not his fault that he purchased dollars at a rate that the CBN itself chose to offer to its clients.


[Read more][b] https://www.aprons360.com.ng/2024/07/emir-sanusi-people-at-nnpc-dont-want.html

What I know is that, by end of this year all the cabal in NNPL will be exposed.

Ucheboy11:
■ Alhaji Aliko Dangote shouldn't be held accountable for purchasing dollars at a cheaper rate when he was developing his refinery, according to Muhammadu Sanusi II, the 16th Emir of Kano, because that was the real rate the apex bank was selling to everyone at the time.
At first, Sanusi, who voiced his opinion on the matter via the SOP Chat Group, stated, "I honestly do not think it is a good idea for me to make comments on these issues, but some comments surprise me, and I just have to say something."
The emir continued, saying, "The price at which the CBN sold dollars was not fixed by Aliko Dangote. If they purchased on the same day, the rate at which each person received dollars from the CBN was the same. It is therefore not his fault that he purchased dollars at a rate that the CBN itself chose to offer to its clients.

Nigeria is currently paying subsidies for petroleum products and that invariably means Dangote himself has likely been benefitting from the subsidy scam.

Fulani things….

Over to you Hausa people they continue to rule

Nigerian's dey suffer!

Thank God, Dangote opened refinery, we wouldn't have known about this, and our government refinery wouldn't have "promised" to function.

I hope people like nairalanda1 have learnt a lesson or two about subsidy and why it's a perfect scam!

Instead of always advocating for increase in fuel price

Linus. For the first time I disagree with you oga emir. Dangote maneuver is fishy and more corrupt than federal government

THEY'LL FAIL.

HOLD THE SCEPTRE FIRMLY AND WITH YOUR TWO HANDS. YOU ARE MAKING IT. THE LORD IS WITH YOU.

TINUBU MUST TAG THE NAIRA AT N500 : $1 NOW NOW NOW.

StaffofOrayan:
I hope people like nairalanda1 have learnt a lesson or two about subsidy and why it's a perfect scam!

Instead of always advocating for increase in fuel price

1. This comment of yours shows you do not understand how subsidy scam works

2. For the record, subsidy is what you pay when you sell fuel below it's actual cost price.


Right now it costs 1100 to import one liter of fuel. Government sets the pump price between 580 and 700 naira. Thus a subsidy of about 300-500 naira is paid per liter of fuel

And this is around 700 million monthly now


3. If the subsidy goes, the price of fuel goes up. That is why anytime there is a partial removal of subsidy, there is a price increase as a result. As seen several times over the decades


Hope you understand now.