Nigerian oil marketers withdraw ultimatum given to FG

Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN)

Oil Marketers under the aegis of Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and Major Oil Marketers Association of Nigeria (MOMAM) have withdrawn ultimatum given to the Federal Government of Nigeria over N650 Billion naira owned the associations by the Federal Government.

The bodies had few weeks ago issued a 14days ultimatum for the payment by the Federal Government or face disruption of activities which was billed to hold immediately at the expiration of the ultimatum.

However, swift action taken by the national Assembly and the association meetings with the government paved way for resolution as the association urged its members to ignore earlier ultimatum issue to the government.

The Marketers in the statement released said, “In light of over N650 Billion owed by Federal Government to petroleum marketers, a series of constructive engagements and meetings were held with Nigeria National petroleum Cooperation (NNPC), Ministry of Labour, the Presidency and DAPPMAN/MOMAN.

“Marketers have been reassured about the Federal Government’s commitment to make payment as evidenced by the request for approval for appropriation of same to the National Assembly.

The statement reads further, “It is our hope that this approval will be given promptly and these long overdue payments made subsequently.

“DAPPMAN/MOMAN hereby suspend the issued 14 days ultimatum and use this medium to plead with all our staff under the various umbrella Unions: NARTO, PENGASSAN, NUPENG/PTD to please bear with us whilst this approval for appropriation by the NASS is being deliberated on and processed.

“We believe this will not exceed two weeks in view of the adverse implications of any delays. All marketers are to ensure there is no disruption in the supply and distribution of PMS nationwide,” the statement added.

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Obineme Ndubuisi Micheal, Technical | Creative and Senior News Writer, covering the entire value chain of the Energy Industry. Our publication covers the entire value chain of Renewable/Energy, Power, Mining, To get in touch, email: oilandgasrepublic@gmail.com