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IPMAN vows to begin strike over N100bn unpaid claims by next week Monday
By Kayode Sanni-Arewa
The Independent Petroleum Marketers Association of Nigeria has vowed to begin nationwide strike next week Monday if N100billion claims remain unpaid.
The association issued a seven-day ultimatum to the Nigerian Midstream and Downstream Petroleum Regulatory Authority to fulfil the payment of bridging claims amounting to N100bn.
The association threatened to withdraw services if the amount was not paid to them before the deadline.
This move follows the NMDPRA’s failure to clear the debt, despite promises made 40 days ago in the presence of the National Security Adviser, Nuhu Ribadu. If unresolved, the situation could lead to a nationwide scarcity of Premium Motor Spirit nationwide.
The Chairman of the IPMAN Depot Chairmen Forum, Yahaya Alhasan, disclosed this during a press conference in Abuja on Monday.
Reading a communique, Alhasan expressed frustration over the NMDPRA’s failure to settle the bridging claims, despite repeated assurances.
The claims, which date back to 2024, were deducted from marketers’ payments for products to settle bridging allowances.
Alhasan said, “If NMDPRA doesn’t pay our money within seven days, we are going to withdraw our services across the nation.”
Suspected bandits have reportedly attacked the palace of a traditional ruler in Olayinka community, Ifelodun Local Government Area of Kwara State, abducting the monarch, his wife, and one other person in the early hours of Saturday.
According to sources who spoke to newsmen, the armed men stormed the palace around 1:40 a.m., firing sporadically before taking the royal father to an unknown destination.
Yes. At Olayinka at about 1 am. His wife and one other person were also abducted.
The Monarch is one of the recently graded.”
Another source added, “The bandits invaded the palace around 1:40 a.m. on Saturday. They came heavily armed and took the monarch away without resistance because everyone was terrified.”
The abducted monarch was said to have been recently elevated and officially installed by the Kwara State Government earlier this year, a development that has made the incident particularly shocking to residents.
The attack is the third reported case of a traditional ruler being kidnapped in Kwara South within a year. In 2025, two monarchs in the region were abducted by suspected bandits and were only released after ransom payments were made.
Domestic prices of petrol and diesel are expected to decline following a sharp drop in global crude oil prices triggered by the reopening of the Strait of Hormuz.
As of Saturday morning, West Texas Intermediate (WTI) and Brent crude fell by 11 percent and 9 percent to $83.85 and $90.38 per barrel, respectively, down from about $100 per barrel.
The decline comes after Iran announced that the Strait of Hormuz has been fully reopened for vessel passage.
The development has begun to reflect in Nigeria’s downstream petroleum market, where depot marketers have slightly reduced fuel prices.
Petrol prices at depots now range between N1,205 and N1,206 per litre— about N5 to N6 higher than the Dangote Refinery price of N1,200 per litre.
This pricing trend was observed among marketers such as Aiteo, Bono, and NIPCO.
Meanwhile, diesel prices at depots in Lagos, including Menj and Duport, stood at N1,775 per liter.
Market observers say the drop in crude oil prices has triggered panic selling among depot marketers.
Despite this, retail pump prices have remained unchanged as of filing this report, with petrol selling between N1,290 and N1,333 per litre, while diesel ranges from N1,850 to N1,900 per litre.
The President of the Independent Petroleum Marketers Association, Abubakar Maigandi, confirmed the development, noting that further reductions are likely if the downward trend in crude prices persists.
“We expect fuel prices to drop in the coming days if crude oil prices continue to decline.
Daily Post
An Area Court at Centre-Igboro, Ilorin, Kwara State, has dissolved the Islamic marriage between a couple, Toyin Ajibola and Bashirat Mohammed on grounds of lack of money.
The presiding judge, Hammad Ajumonbi, while delivering ruling said that even though Toyin did not want to divorce his wife, she still had the needed to move on not be left stranded.
He, dissolved their marriage and granted custody of the three children from their union to the wife.
The court also ordered the woman to observe the three months iddah (waiting) period before remarrying.
Ajumonbi ordered Toyin to be responsible for the feeding of their children.
“The defendant should have unrestricted access to their children, while the plaintiff should always make their children available any time the defendant requested to see them,” the judge said.
Earlier, Bashirat had applied for divorce saying that she was tired of her marriage to her husband due to paucity of fund and her husband’s irresponsibility.
“I want the court to grant me divorce so that I can have rest of mind,” she said.
The husband, however, told the court that he was still interested in his wife even though he was financially handicapped.
“I have been trying hard to get money to feed my family, but couldn’t.
“It is so painful that I can’t get money to visit her and the children when they left home,” he said.
Just in: Bandits reportedly kidnap newly installed monarch, wife, one other in Kwara
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