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₦200bn Debt: Petrol Marketers Threaten Withdrawal Of Services Amid Fuel Scarcity
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The Independent Petroleum Marketers Association of Nigeria (IPMAN), has threatened to cripple the supply of Premium Motor Spirit (PMS), also known as petrol, over non-payment of ₦200bn bridging claims.
The threat comes following current nationwide scarcity which has seen prices of Premium Motor Spirit (PMS), also known as petrol, surge to between N610 and N800 at the pump, and between N1000 and N1200 at the black market.
The association’s unit chairman and spokesperson, Aba Depot, Mazi Oliver Okolo who made the threat, said it was with the backing of the IPMAN’s national leadership.
He claimed that the debt is being owed by the Nigerian Midstream and Downstream Petroleum Regulatory Commission (NMDPRA).
In a communique released after a press conference on Tuesday, Okolo said NMDPRA failed to pay the ₦200bn debt despite a directive for payment from the Petroleum Minister (Oil) Heineken Lokpobiri.
The IPMAN deport Chairman claimed that since the directive by the minister in February 2024, only ₦13bn had been paid to their members, saying that the unpaid claim had crippled their businesses.
“We are extremely distressed and depressed by the laidback attitude of the leadership of the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA), towards the survival of our member’s businesses, arising from NMDPRA’s deliberate delay and refusal to offset the debt of over N200 Billion owed our members, which has consequently led to the deaths of many of our members and the unfortunate collapse of their businesses.”
He blamed the Nigerian National Petroleum Company Limited (NNPCL), the sole importer of petroleum products, for the current nationwide petrol scarcity, adding that some of its members have “completely” shut down their businesses, and retrenched their employees.
“We have watched with apprehension also, the unpatriotic attitude of the leadership of the NMDPRA to offset this debt that has been accrued to us since September 2022. As businessmen and women, our members acquired bank loans to keep their fuel retail outlets running daily across the nooks and crannies of Nigeria, to serve the teeming population of Nigerians.
However, it is demoralising to know that many of our members have gone bankrupt and have become financially insolvent as a result of their inability to meet their financial obligations to their banks, arising wholly from their inability to get their monies from the NMDPRA.
Consequently, also, the banks have taken over the business premises of many of our members. As indigenous organisations, and Depot Chairmen, we are unhappy that rather than receiving support from the government to boost our businesses, we are being discouraged, by the head of NMDPRA.
“It is noteworthy to recall and state here that at a stakeholders meeting held on the 20th of February, 2024 with Mr. Heineken Lokpobiri, the Honourable Minister of Petroleum Resources (Oil), and the NSA Nuhu Ribadu, Engr. Farouk Ahmed, the Chief Authority of NMDPRA, was mandated by Mr. Heinehken Lokpobiri to clear the entire debt in 40 days.
However today, we have crossed the 40 days time-lapse given to the NMDPRA to clear the debt, and it is shameful to state that only the paltry sum of N13 billion has been paid, thus going the whole length to ignore our plight without remorse and without recourse to the Honourable Minister’s directive,” according to the statement.
Okolo also claimed that the NNPC Ltd imports the products, and supplies to private depots who then sell to them at exorbitant prices of between ₦820 and ₦950 per litre, adding that IPMAN members pay an extra ₦2m to transport it to other parts of the country, making it difficult for them to sell to Nigerians at the agreed pump price.
The IPMAN members called on President Bola Tinubu, to closely look into the matter, which according to them, is highly detrimental to their businesses, and reverse it forthwith, as it is bound to impact negatively on the masses thereafter.
“We see no reason why there should be an increment of over 500% on the Sales and Storage License by the NMDPRA. We totally reject it. We also hereby call on the federal government of Nigeria to wholly intervene forthwith in these lingering issues between the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigerian Midstream & Downstream Petroleum Regulatory Authority (NMDPRA).
“We are poised to take far-reaching decisions that may cripple the supply and sales of petroleum products across Nigeria if our demands are not met within the shortest period,” the group said.
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Finally, PDP Faction Presents 2027 Certificate of Return to Jonathan at Abuja Convention
By Kayode Sanni-Arewa
Ex-Minister of Information, Prof. Jerry Gana, on Saturday collected the Peoples Democratic Party, PDP, Certificate of Return on behalf of ex-President Goodluck Jonathan during the party’s National Convention in Abuja.
The certificate was handed over by the PDP Interim National Working Committee led by Kabiru Turaki, SAN. The presentation has renewed focus on the party’s preparations for the 2027 presidential election.
The event was held at the convention venue in Area 10, Garki, with party leaders, delegates, former ministers, state officials, and supporters in attendance.
Gana received the certificate on Jonathan’s behalf before the crowd. The moment quickly became a major talking point and put the former president back at the centre of political discussions as the PDP debates strategy and possible candidates for 2027.
Speaking to supporters and journalists after receiving it, Gana drew significant attention from attendees and political observers tracking developments in the opposition party.
The development comes as PDP continues internal discussions on leadership structure and future direction. Many members believe decisions in the coming months will shape the party’s chances in the 2027 presidential race.
Political watchers are closely following events in the PDP as it works to strengthen its position ahead of the next election cycle.
More details are expected as the convention proceeds.
News
Angry protesters lockdown Ibadan, want immediate rescue of abducted Oyo teachers, pupils
Angry protesters lockdown Ibadan, demand urgent rescue of abducted Oyo teachers, pupils
Hundreds of teachers and civil society activists marched through Ibadan on Friday, demanding immediate action to free colleagues and pupils kidnapped in Oriire Local Government Area.
The protest, led by the Oyo State Teachers Action Group and the Nigeria Teachers Congress, NTC, followed the May 15 abduction of victims in Esiele and Yawota communities near Ogbomoso.
—“Do more to rescue them”—
NTC National President Rev. Bunmi Thomas told protesters the rally was lawful and necessary. “We are demanding pragmatic action from government to secure the release of the abducted teachers and students,” he said.
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While acknowledging ongoing rescue efforts, Thomas insisted more must be done: “If the government is trying and the result is not there, then efforts must be intensified.”
He raised alarm over the children’s condition: “We have kids as young as two and three years old in the bush, exposed to rain and harsh weather.”
Thomas also called for security in all public schools: “We cannot continue to work while living in danger. Government must attach security personnel to every government school.”
He stressed the protest was not against Governor Seyi Makinde: “No reasonable teacher in Oyo State is against Governor Makinde because he has performed excellently well.”
—Government responds–,
Executive Assistant on Security Matters, retired CP Sunday Odukoya, addressed protesters on behalf of the state government. “It is your constitutional right to protest and let government know your concerns,” he said, assuring that rescue operations were ongoing.
Odukoya also promised no teacher would be victimized for joining the protest.
Protesters said their only demand is the safe and swift return of the kidnapped teachers and pupils.
[ Channels TV]
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How NDC Senatorial primary was conducted in closed room-Aisha Yesufu
A Federal Capital Territory, FCT, senatorial aspirant under the platform of the Nigerian Democratic Congress, NDC, has revealed how the primary election was allegedly manipulated by some party leaders.
Recall that the activist-turned politician contested for the FCT Senate but pulled out over alleged misconduct by officials.
In a lengthy statement detailing how the primary election was conducted, Aisha alleged that the exercise was conducted in a closed room with “predetermined outcome dressed in procedural formalities”.
She said after the exercise was “repeatedly postponed”, the venue was also “changed at the last minute”.
Aisha alleged that the “guidelines of the party were not followed. Delegate based process was introduced to be conducted at a central location instead of the direct primaries to be conducted at Local Government headquarters.
“When the moment came, the contest was not decided by delegates in the open; it was affirmed in a closed room, away from the people whose voices it was supposed to reflect.
“The party will indeed go on to release statements upon statements about the free and fair nature of the Abuja FCT primaries.
“They are entitled to their voice, but the facts that transpired when litigated by conscience and the guidelines of the electoral act do not reflect justice and fairness”.
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