shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » IPMAN Accuses FG Of Owing Marketers N26b

IPMAN Accuses FG Of Owing Marketers N26b

by Ade
June 21, 2009
in Uncategorized

Amidst controversies over the proposed deregulation policy of the federal government, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has alleged that its members are being owed a whopping N26Billion by the government.
Speaking through its national president Alhaji Aminu Abdulkadir, IPMAN stated that the money is in respect of bridging cost. According to him, contrary to the stories that have been making the rounds, the Petroleum Equalisation Fund (PEF) was yet to settle these claims.
Shipping Position Weekly recalls that the PEF recently threatened to publish names of oil marketers who had collected the bridging revenue.
The organisation’s executive secretary, Mrs Adefunke Kasali had said that the move was “ part of the Federal Government’s drive to enthrone transparency and accountability and ensure that petroleum products marketers get up-to-date payments due to them from their various transactions.
“The publication of payments is, of course, to confirm disbursement of funds and their receipts, because when you announce that you have made some payments, marketers do not believe that you actually made them. “We think that now, for every payment we make, we publish names of the marketers, how much they were paid, the banks they were paid into and the time the money hit the account, so that anybody who is in doubt, could confirm,” Kasali said.
But unperturbed by the PEF threat,  the IPMAN boss explained that stressing the Nigerian National Petroleum Corporation (NNPC) alone is owing marketers more than N9 billion out of the N26Billion, while private depot operators were also owing about N17 billion.
Giving an insight into how the comes about, Abdulkadir said: “as you are aware, the major marketers get the products from the government and they only pay and reconcile with the government after a month or two while our members get them on a cash  and carry basis,’’ he lamented.
According to him, the group already has a petroleum depot and a liquefied petroleum gas depot in Lagos, adding that “we are also currently establishing a $1 billion compressed natural gas depot in Benin, Edo State as part of investments drive in Nigeria.”

Related Posts

VESSELS EXPECTED AT LAGOS PORT AS AT TUESDAY 10, MAY 2022

VESSELS EXPECTED AT LAGOS PORT AS AT TUESDAY 10, MAY 2022

May 10, 2022
VESSELS EXPECTED AT LAGOS PORT AS AT FRIDAY 29, APRIL 2022

VESSELS EXPECTED AT LAGOS PORT AS AT FRIDAY 29, APRIL 2022

April 29, 2022

‘Why I Pay More Attention To Rail Than Maritime Sector’- Rotimi Amaechi

September 27, 2021
ANLCA President Calls For Emergency On Reconstruction Of Roads Leading Into Apapa

ANLCA President Calls For Emergency On Reconstruction Of Roads Leading Into Apapa

May 15, 2021

Discussion about this post

Latest News

Shipping Position Interaction with Dr Eugene Nweke (Concluded)

Shipping Position Interaction with Dr Eugene Nweke (Concluded)

May 28, 2022

NNS KADA Will Further Improve Maritime Security Around Gulf Of Guniea  – CNS

AfDB Targets Wheat Importation Cut In Nigeria By 40 Per Cent

VESSELS EXPECTED AT LAGOS PORT AS AT SATURDAY 28, MAY 2022

Customs Western Marine Command Intercepts Cannabis Sativa, Rice

Minister Inaugurates Committee On Nigeria Agro Produce

Nigeria, EU Partner To Address Instability In Niger Delta

U.S. Seizes Iranian Oil Cargo Near Greek Island – Sources

VESSELS EXPECTED AT LAGOS PORT AS AT FRIDAY 27, MAY 2022

100 Days In Office: NPA MD Commissions Training School

NIMASA To Entrench Home Grown Human Capacity Development – DG

Egypt’s Suez Canal Maritime Traffic Generates $15m Daily — Official

kindly like our Facebook page

Health

Stay Away From Bush Meat To Prevent Monkeypox, NCDC Urges Nigerians
Health

Stay Away From Bush Meat To Prevent Monkeypox, NCDC Urges Nigerians

May 23, 2022

The Director-General of the Nigerian Centre for Disease Control, Dr. Ifedayo Adetifa has urged Nigerians to avoid bush meat as...

Stop Consuming Suya Roasted With Open Flames, Physician Tells Nigerians

Stop Consuming Suya Roasted With Open Flames, Physician Tells Nigerians

May 23, 2022
COVID-19, 40 Other Outbreaks Top Regional Diseases In 2021 – WAHO

COVID-19, 40 Other Outbreaks Top Regional Diseases In 2021 – WAHO

May 16, 2022
EU Relaxes Anti-COVID Measures, Drops Wearing Of Masks On Planes

EU Relaxes Anti-COVID Measures, Drops Wearing Of Masks On Planes

May 16, 2022
What You Need To Know About Monkeypox

What You Need To Know About Monkeypox

May 16, 2022
Sleep Duration Of 7 Hours Optimal For Elderly – Study

Sleep Duration Of 7 Hours Optimal For Elderly – Study

May 16, 2022
COVID-19 On Increase In Americas, Africa – WHO

COVID-19 On Increase In Americas, Africa – WHO

May 9, 2022
‘65 Per Cent Of Africa’s Population Survived COVID-19’

‘65 Per Cent Of Africa’s Population Survived COVID-19’

May 9, 2022
Seven Hours Of Sleep Ideal For Middle-Aged Persons – Study

Seven Hours Of Sleep Ideal For Middle-Aged Persons – Study

May 9, 2022
Some Things That Are Actually Damaging The Kidneys (2)

Some Things That Are Actually Damaging The Kidneys (2)

May 9, 2022

The World Of Vaccines, Before And After COVID

April 29, 2022

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition