Close Menu
Straightnews

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Man City pound Arsenal to Lift Carabao Cup

    March 23, 2026 --- 6:01 pm

    Iran unswayed by Trump’s 48-hour deadline to Reopen Strait Hormuz 

    March 22, 2026 --- 5:42 pm

    Elumelu Foundation Entrepreneurs generate $42.2b Revenue, Create 15m Jobs

    March 22, 2026 --- 4:37 pm
    Facebook X (Twitter) Instagram
    Trending
    • Man City pound Arsenal to Lift Carabao Cup
    • Iran unswayed by Trump’s 48-hour deadline to Reopen Strait Hormuz 
    • Elumelu Foundation Entrepreneurs generate $42.2b Revenue, Create 15m Jobs
    • Police Arrest 11 More Over Ozoro Festival Sexual Assault in Delta
    • Jehovah’s Witnesses ease policy on transfusions
    • Septuagenarian, three others caught for attempted murder, alleged cultism in Akwa Ibom
    • Uma Ukpai: A global spiritual figure whose influence transcended borders- Eno
    • Trump Brands NATO allies “cowards” as more Marines head toward Middle East
    Facebook X (Twitter) Instagram
    Straightnews
    • Home
    • About Us
      • About StraightNews
      • Our Philosophy
      • Editorial Board
    • News
      • Nationwide News
      • Community News
      • Regional News
        • North Central
        • North East
        • North West
        • South East
        • South South
        • South West
    • Nigeria
      • Politics
      • Economy
      • Education
      • Security
      • Energy
      • Agriculture
      • Health
      • Labour
      • Environment
      • Technology
      • Real Estate
      • Transportation
      • Judiciary
      • Electricity
    • Foreign
      • Africa
        • West Africa
        • South Africa
        • North Africa
        • East Africa
      • America
      • Asia
      • Europe
    • Social
      • Photo Gallery
      • Entertainment
      • Events
      • Fashion
      • Fitness
      • Short Stories
      • Lifestyle
      • Relationship
      • Travel
      • Specials
        • Personality Interview
        • Special Reports
        • Profile
    • Articles
      • Editorial
      • Opinion
      • Essay
    • Contact Us
    • Sports
    Straightnews
    Home»News»Nationwide News»Subsidy Debts: IPMAN Breaks Rank, Disowns Oil Marketers Over Strike Threat
    Nationwide News

    Subsidy Debts: IPMAN Breaks Rank, Disowns Oil Marketers Over Strike Threat

    straightnewsng.comBy straightnewsng.comDecember 6, 2018 --- 4:03 pmNo Comments2 Mins Read
    WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    IPMAN
    IPMAN
    Share
    WhatsApp Facebook Twitter LinkedIn Pinterest Email

    The Independent Petroleum Marketers Association of Nigeria, IPMAN, Wednesday, condemned the strike threat issued by some oil marketers over the lingering fuel subsidy debts, describing it as an act of sabotage and an attempt to disrupt the relative peace in the downstream oil sector of the economy.

    In a statement in Abuja, Alhaji Danladi Pasali, National Secretary of IPMAN, described the seven-day ultimatum issued by the Major Oil Marketers Association of Nigeria, MOMAN, Depot and Petroleum Products Marketers Association, DAPPMA, and the Independent Petroleum Products Importers, IPPIs, as an act of intimidation and an attempt to frustrate the effort by government to ensure Nigerians had a hitch-free Yuletide celebration.

    He, therefore, urged Nigerians not to panic over the threat of MOMAN and its allies, stating that at the moment, NNPC controlled majority of the fuel available in the country and was nearly the sole importer of the products.

    According to him, it is unfortunate that some groups are more concerned about their personal interest, above national interest.

    He noted that though it was good for the marketers to ask for their rights, taking such a decision to shut down the petroleum sector at this period of festivity was an act of sabotage.

    Pasali said: “Already, the Debt Management Office, DMO, has been addressing their concerns when they issued promissory notes to settle the oil marketers’ debts based on approval by the Federal Executive Council, FEC.

    “The DMO in a statement recently said FEC approved the establishment of the Promissory Note Programme and Bond Issuance to settle inherited local debts and contractual obligations due to various categories of creditors, including oil marketers, in July 2017.”

    Pasali appealed to the marketers to change their tactics by seeking alternative means to push forward their demands, rather than blackmail and sabotage.

    “IPMAN members are aware of the government’s efforts to settle the remaining subsidy debts and are determined to assist the government to ensure hitch-free holidays.

    “IPMAN, as the oldest association of petroleum marketers and regarded as closest to the end users of petroleum products, will continue to provide services to the public throughout the holidays,” he said.

     

    Debt Management Office (DMO) Depot and Petroleum Products Marketers Association-DAPPMA Federal Executive Council (FEC) Independent Petroleum Marketers Association of Nigeria-IPMAN Independent Petroleum Products Importers (IPPIs) Major Oil Marketers Association of Nigeria (MOMAN)
    Share. WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    straightnewsng.com
    • Website

    Related Posts

    Mining Society Supports FG’s Review of Mining Extant Laws

    March 20, 2026 --- 9:39 pm

    Probe ₦5.9b NNPC Rebranding Cost, SERAP Tells Tinubu

    March 15, 2026 --- 11:21 pm

    Mrs Tinubu Hails Senior Citizens Centre in Uyo

    March 8, 2026 --- 3:18 pm

    Comments are closed.

    Search
    Our Picks
    Don't Miss
    Football

    Man City pound Arsenal to Lift Carabao Cup

    By straightnewsng.comMarch 23, 2026 --- 6:01 pm0

    Edi Umoh Manchester City punished Kepa Arrizabalaga’s howler to lift the League Cup as Nico…

    Iran unswayed by Trump’s 48-hour deadline to Reopen Strait Hormuz 

    March 22, 2026 --- 5:42 pm

    Elumelu Foundation Entrepreneurs generate $42.2b Revenue, Create 15m Jobs

    March 22, 2026 --- 4:37 pm

    Police Arrest 11 More Over Ozoro Festival Sexual Assault in Delta

    March 22, 2026 --- 3:17 pm

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us
    About Us

    The publication is committed to the principles of development journalism. We are prepared to change the public perception that the profession is a harbinger of hate, blackmail, sycophancy, prejudice and falsehood.

    We pledge to use journalism practice to give voice to the voiceless and to give people of all shades of opinions an opportunity to tell their stories.
    We're accepting new partnerships right now.

    Recent Posts
    • Man City pound Arsenal to Lift Carabao Cup
    • Iran unswayed by Trump’s 48-hour deadline to Reopen Strait Hormuz 
    • Elumelu Foundation Entrepreneurs generate $42.2b Revenue, Create 15m Jobs
    • Police Arrest 11 More Over Ozoro Festival Sexual Assault in Delta
    • Jehovah’s Witnesses ease policy on transfusions
    Facebook X (Twitter) Instagram Pinterest
    • Advertise With Us
    © 2026 Straightnews Wire Limited

    Type above and press Enter to search. Press Esc to cancel.