Monday, Aug 2nd 2021 7:27 PM

Market Digest Nigeria


Fuel scarcity looms as IPMAN threatens to shutdown


Fuel scarcity looms as IPMAN threatens to shutdown filling stations on Tuesday


The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threaten to shutdown all filling stations and reduce supply unless the Federal Government and Inspector General of Police address police force illegalities to its members.

National Public Relation Officer (PRO) of The Independent Petroleum Marketers Association of Nigeria (IPMAN), Yakubu Suleiman, said this on Sunday, in an interview with journalists in Jos, the Plateau State capital.

Some men of the Nigerian Police Force were alleged to have invaded IPMAN National Secretariat last Friday for some undisclosed reasons.

Suleiman in reaction described the invasion as an illegal clampdown allegedly sponsored by some impostors parading themselves as executives of IPMAN.

He said, “Whereas there is subsisting Supreme Court judgment of December 2018, that has since disposed of a suit No. SC15/2015, and ordered that Mr Chinedu Okoronkwo, is our President and Alhaji Danladi Garba Pasali, as National secretary.

The continued violation of this judgment, even by the police is causing more harm to the downstream sector of the petroleum industry, which if such is not halted will lead to impunity and anarchy.’’

While pointing out that a similar police siege led to the closure of Suleja depot last week, he claimed that the incident would have disrupted petroleum products supplies to Abuja and northern states but for the intervention of the National Secretariat.

“It is true that members of IPMAN in many States across sections of Nigeria, have met and others are meeting and communicating to us that they will shutdown, from Tuesday.

“The implications would be there will be shortage or fuel scarcity in the country,” he said.

He therefore called on all arms of government including the security agencies to take the necessary action, towards halting impunity in the downstream sector of the petroleum industry.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top
Get the best of Market Digest Nigeria financial news
delivered to your inbox daily!
By clicking Give it a try, I hereby: Agree and Consent to the Terms of Use and the Privacy Policy
& I may receive free newsletters & promotions from this site and can choose to unsubscribe anytime.