The Dangote Petroleum Refinery and Petrochemicals has uncovered a fresh racket involving some of its affiliate marketers and strategic partners who are diverting subsidised refined petroleum products for profit.
Following the development, Dangote Refinery has therefore suspended its discounted fuel supply scheme.
It was gathered that from close sources to the refinery that it discovered that certain marketers who were granted discounted products aimed at ensuring affordability and steady supply across retail outlets, had been re-routing the loaded trucks to unregistered third-party marketers.
The scheme was originally designed to support Dangote’s registered affiliate marketers in achieving stable profit margins amid price competition from fuel importers, while also guaranteeing nationwide availability of the refinery’s products.
However, the marketers were found to be circumventing the distribution chain by allowing importing, non-registered marketers to pick up products from the refinery using their ‘Authority To Collect’ loading ticket.
The practice allowed them to cash in on the price differential without incurring legitimate costs associated with logistics, retail station operations, or administrative compliance, thereby making fast profit.
