Matrix Energy Group has firmly rejected allegations of importing substandard petroleum products, asserting that its offerings have always adhered to approved standards.
The oil marketing and trading company issued a clarification in response to an online report that claimed Matrix Energy is among the largest fuel importers via Malta, a small European nation.
The controversy arose following allegations by Aliko Dangote, Chairman of Dangote Industries Limited, suggesting that some Nigerian National Petroleum Company Limited (NNPCL) personnel, alongside oil traders and terminals, had established a blending plant in Malta—a claim swiftly denied by NNPCL’s Group Chief Executive Officer, Mele Kyari.
Nigeria’s petroleum imports from Malta witnessed a dramatic increase to $2.8 billion in 2023, up from virtually zero between 2017 and 2022, and just $13.32 million in 2016.
In its official response, Matrix Energy’s management categorically stated that in its 20 years of operation, the company has never imported or distributed any substandard fuel.
In a statement signed by Ibrahim Akinola, Head of Corporate Communications for Matrix Energy Group, the company refuted claims that it had discharged 200,000 metric tons of PMS into its facility in July 2024, as reported in the publication.
The statement read, “Our attention has been drawn to a recent online publication where our name was mentioned. While we initially considered ignoring the baseless claims, we feel it is crucial to set the record straight and uphold the integrity of the brand we’ve carefully built over the past two decades.”
Matrix Energy emphasized its position as a fully indigenous and independent oil marketing and trading company with significant investments in infrastructure, including vessels, terminals, trucks, and retail outlets across 28 states and the Federal Capital Territory.
“We have consistently imported products that meet approved specifications, and our commitment to quality is evident in the fact that none of our customers have ever rejected our products. In fact, demand for Matrix products often exceeds supply, a testament to our reputation for reliability,” the statement continued.
The company reiterated its compliance with the procedures set by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in fuel importation and emphasized that its operations have always met regulatory standards.
Matrix Energy also addressed the recent introduction of the Utapate crude oil blend from OML 13, noting that it was obtained through a lawful bidding process. The statement highlighted that any company winning such tenders, including Matrix Energy, operates fully within legal boundaries.
In response to allegations against its CEO, Abdulkabir Adisa, the company defended his character, stating, “Our CEO is a dedicated and talented Nigerian with the right to associate and trade freely. His commitment to positive impact is well-known, and his recent appointment to the Economic Coordination Council by Mr. President is a recognition of his dedication to Nigeria’s progress.”
Matrix Energy Group reaffirmed its dedication to supporting Nigeria by ensuring the availability of high-quality petroleum products at competitive prices, aligning with the President’s vision for the country.
