Matrix Energy Group has refuted allegations of importing substandard petroleum products, asserting that its offerings have consistently met approved specifications.
In response to a recent online publication, Matrix Energy clarified that it is among the largest fuel importers via Malta, a small European nation. The claims came after Aliko Dangote, Chairman of Dangote Industries Limited, suggested that certain personnel from the Nigerian National Petroleum Company Limited (NNPCL), along with oil traders and terminals, had established a blending plant in Malta. This was promptly denied by NNPCL’s Group Chief Executive Officer, Mele Kyari.
Nigeria’s petroleum imports from Malta rose dramatically to $2.8 billion in 2023, up from none between 2017 and 2022, and just $13.32 million in 2016.
In its official response, Matrix Energy maintained that it has never imported or distributed substandard products in its 20 years of operation. A statement from Ibrahim Akinola, Head of Corporate Communications at Matrix Energy, clarified that the company did not discharge 200,000 metric tons of PMS into its facility in July 2024 as reported.
The statement said, “We have noted a recent online publication that misrepresents our operations. We feel compelled to address these inaccuracies to protect our brand’s integrity and the reputation we have built over two decades. Matrix Energy Group is a wholly indigenous and independent oil marketing and trading company with significant investments in infrastructure across 28 states and the Federal Capital Territory.
“We consistently import products meeting approved specifications and have never faced rejection from our customers. Demand for our products often exceeds our supply capacity, reflecting our commitment to quality.”
The statement emphasized that Matrix Energy adheres to procedures set by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and has never imported substandard products. It noted that the Utapate crude oil blend from OML 13 was acquired through a legal bidding process.
The company further stated, “NMDPRA is the sole authority for issuing import licenses and enforcing product specifications. Contrary to claims, we did not discharge 200,000 metric tons of PMS into our facility in July 2024. Matrix Energy has consistently adhered to quality standards over its two decades of operation.”
The company also defended its CEO, Abdulkabir Adisa, asserting his right to trade and associate freely. The statement highlighted that Adisa’s appointment to the Economic Coordination Council reflects his dedication and contribution to Nigeria’s development.
Matrix Energy reaffirmed its commitment to providing quality petroleum products at competitive prices in line with national goals.
