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Dangote Refinery: A Monumental Victory Over Economic Cabals – Femi Otedola

Billionaire businessman and chairman of FBN Holdings, Femi Otedola, has lauded Aliko Dangote for the commencement of petrol production at the Dangote Refinery, calling it a monumental achievement for Nigeria’s energy sector.
In a recent post on X, Otedola reminisced about their shared vision 25 years ago when they formed the Blue Star Consortium to acquire stakes in the Kaduna and Port Harcourt refineries. Despite their efforts, the government annulled their stakes, derailing their plans. However, Otedola praised Dangote for his unwavering commitment to the dream, which has now culminated in the refinery’s success.
“You never gave up on the dream we shared. You carried the torch forward, igniting a spark that has today become a roaring flame,” Otedola wrote. He emphasized that while the Kaduna and Port Harcourt refineries have remained stagnant, Dangote’s refinery has defied the odds, achieving what many deemed impossible.
Otedola also highlighted the refinery’s impact on Nigeria’s economy, stating that it has freed the country from the “chains of economic dependence” and dealt a significant blow to local cabals who profited from Nigeria’s reliance on imported fuel. He likened this achievement to Dangote’s earlier transformation of Nigeria’s cement industry, suggesting that fuel imports may soon become obsolete as the refinery ramps up production.
On Tuesday, Dangote announced the start of petrol production at the refinery, with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) confirming that it is expected to supply 25 million liters of petrol daily by September. The 650,000 barrels per day (bpd) refinery, which began operations in January with the production of diesel and aviation fuel, is set to revolutionize Nigeria’s fuel supply, with Dangote asserting that its petrol can compete globally in terms of quality.
Otedola concluded his message by advising depot owners to prepare for the changing market landscape, hinting at the obsolescence of fuel importation in the near future.
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Nigerian governors that have been impeached since 1999

Impeached Governors in Nigeria’s Fourth Republic
Before President Bola Ahmed Tinubu declared a state of emergency in Rivers and suspended Governor Siminalayi Fubara, his deputy Ngozi Nma Odu, and state lawmakers over the ongoing political crisis, there were already moves to impeach Fubara.
Had he been impeached, Fubara would have joined a list of Nigerian governors removed from office since the country’s return to democracy in 1999. Below is a list of impeached governors and the circumstances surrounding their removal:
1. Diepreye Alamieyeseigha (Bayelsa State, 2005)
Alamieyeseigha was Bayelsa’s first civilian governor in the Fourth Republic, elected in 1999 and reelected in 2003. However, in 2005, he was impeached over allegations of corruption, including theft of public funds and money laundering. Two years later, he pleaded guilty to six charges and was sentenced to prison.
2. Rashidi Ladoja (Oyo State, 2006)
Ladoja governed Oyo State from 2003 until January 2006, when state lawmakers impeached him. Christopher Alao-Akala was sworn in as his replacement. However, Ladoja was reinstated in December 2006 after a court ruling nullified his removal. He later claimed his impeachment was due to his opposition to former President Olusegun Obasanjo’s third-term bid.
3. Ayo Fayose (Ekiti State, 2006)
Fayose, elected in 2003, was impeached in 2006 alongside his deputy, Biodun Olujimi, over allegations of corruption, including embezzling funds meant for the state’s poultry project. Twenty-four out of 26 lawmakers voted for their removal. Although Fayose fled at the time, he later returned and contested again. The Supreme Court eventually ruled that his impeachment was unlawful.
4. Peter Obi (Anambra State, 2006)
Peter Obi, who later became the Labour Party’s presidential candidate in 2023, was impeached just six months into his tenure as Anambra governor. He claimed he was removed for refusing to inflate the state budget. He challenged his impeachment in court and won, returning to office in February 2007.
5. Joshua Dariye (Plateau State, 2006)
Dariye faced impeachment proceedings in October 2006 after being linked to money laundering. Only eight out of 24 lawmakers initially issued an impeachment notice, which he contested. However, the following month, he was removed, and his deputy, Michael Botmang, took over. The Supreme Court later reinstated him, but his tenure ended in 2007. That same year, the EFCC accused him of diverting N1 billion in state ecological funds.
6. Murtala Nyako (Adamawa State, 2014)
Nyako was removed in 2014 over allegations of misappropriating N17 billion, illegal salary deductions, and misusing local government funds. He and his deputy, Bala Ngilari, received impeachment notices in June 2014, and a month later, he was removed from office. Ahmadu Umaru Fintiri, the state’s house speaker at the time, was sworn in as acting governor.
These impeachments highlight the political turbulence that has shaped Nigeria’s democratic governance over the years.
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