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 Joshua
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

Auto Draft

Railways Transport 693,224 Passengers On Lagos/Ibadan Standard Gauge

February 2, 2023
SHIPTALK: Basics About A Ship

SHIPTALK: Basics About A Ship

January 27, 2023
NAGAFF Congratulates Newly Promoted Comptrollers, Charges Them On Professionalism

NAGAFF Congratulates Newly Promoted Comptrollers, Charges Them On Professionalism

January 27, 2023
ONE To Acquire Three U.S. West Coast Container Terminals

ONE To Acquire Three U.S. West Coast Container Terminals

December 29, 2022

Discussion about this post

Latest News

NAGAFF Compliance Team Appoints Head Of Operations, Vows To Expose Corrupt Practitioners, Govt Officials

NAGAFF Compliance Team Appoints Head Of Operations, Vows To Expose Corrupt Practitioners, Govt Officials

February 7, 2023

Why We Postponed ANLCA Annual General Meeting—Farinto

NIMASA Lies As Navy Confirms Death Of 6 During Tank Cleaning Operation

TRUCK ACCIDENTS: FRSC, Stakeholders Partner To Sensitise Truck Drivers On Safety Standards

Kenya’s Nancy Karigithu Could Be the Next IMO Secretary General

We Are Waiting For Dangote Refinery Before Removing Subsidy – Reps

FG Unveils New Regulations To Curb Oil Theft

FUEL SCARCITY: IPMAN Pleads For Time To Comply With Official Pump Price

“After Our Tenure, Government Hijacked CRFFN”

VESSELS EXPECTED AT LAGOS PORTS AS AT 7TH FEBRUARY, 2023

VESSELS EXPECTED AT LAGOS PORTS AS AT 6TH FEBRUARY, 2023.

Council For The Regulation Of Freight Forwarding In Nigeria In The News Again

kindly like our Facebook page

Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says
Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says

December 19, 2022

The World Health Organisation has said that the number of people estimated to have died as a result of living...

Health Benefits And Side Effects Of Bitter Leaf

Health Benefits And Side Effects Of Bitter Leaf

December 12, 2022
More Women May Die During Childbirth In West Africa — Report

More Women May Die During Childbirth In West Africa — Report

December 12, 2022
The Many Wonderful Uses Of Onions

The Many Wonderful Uses Of Onions

December 5, 2022
Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

December 5, 2022
COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

December 5, 2022
Panic As Monkeypox Spreads To 32 States, Cases Now 604

Panic As Monkeypox Spreads To 32 States, Cases Now 604

November 28, 2022
Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

November 28, 2022
Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

November 28, 2022
Infertility Red Flags Men, Women Should Not Ignore – Experts

Infertility Red Flags Men, Women Should Not Ignore – Experts

November 28, 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