Close Menu
Straightnews

    Subscribe to Updates

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

    What's Hot

    Governor Approves N100m Musical Studio for Physically Challenged Star

    December 7, 2025 --- 11:37 pm

    The Day Idem’s N1bn Grant Rekindled Hope for 1,000 Beneficiaries

    December 7, 2025 --- 9:56 pm

    Idem’s N1bn Grant: Shettima Tasks Lawmakers to Drive Impact at the Grassroots

    December 7, 2025 --- 1:59 am
    Facebook X (Twitter) Instagram
    Trending
    • Governor Approves N100m Musical Studio for Physically Challenged Star
    • The Day Idem’s N1bn Grant Rekindled Hope for 1,000 Beneficiaries
    • Idem’s N1bn Grant: Shettima Tasks Lawmakers to Drive Impact at the Grassroots
    • Akpabio Sues Natasha for N200bn in Defamation Case over S3xual Harassment Claims
    • Argentina, Spain Handed Kind Draws For 2026 World Cup (Full List)
    • Supreme Court Declares FG’s Seizure of LG Funds Unconstitutional
    • Nigeria Tax Reforms not Y2K Crisis- Says AKIRS Boss
    • Senate Receives Ambassadorial Nominees as Enang, Ibas, Dambazau, 62 Others Make the List
    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
    • Sports
    • Contact Us
    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

    NUPRC Unveils 2025 Licensing Round for Fresh Investors In Oil Sector

    November 12, 2025 --- 9:48 pm

    NUPRC Sends N6.2 Trillion To FAAC In Nine Months Amid Oil Sector Gains

    October 20, 2025 --- 10:19 pm

    Olugbile Wins 2025 NLNG’s $100,000 Literature Prize

    October 13, 2025 --- 6:48 pm

    Comments are closed.

    Search
    Our Picks
    Don't Miss
    News

    Governor Approves N100m Musical Studio for Physically Challenged Star

    By straightnewsng.comDecember 7, 2025 --- 11:37 pm0

    Luck smiled on a physically challenged star as Akwa Ibom Governor Umo Eno pledged to…

    The Day Idem’s N1bn Grant Rekindled Hope for 1,000 Beneficiaries

    December 7, 2025 --- 9:56 pm

    Idem’s N1bn Grant: Shettima Tasks Lawmakers to Drive Impact at the Grassroots

    December 7, 2025 --- 1:59 am

    Akpabio Sues Natasha for N200bn in Defamation Case over S3xual Harassment Claims

    December 6, 2025 --- 10:31 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
    • Governor Approves N100m Musical Studio for Physically Challenged Star
    • The Day Idem’s N1bn Grant Rekindled Hope for 1,000 Beneficiaries
    • Idem’s N1bn Grant: Shettima Tasks Lawmakers to Drive Impact at the Grassroots
    • Akpabio Sues Natasha for N200bn in Defamation Case over S3xual Harassment Claims
    • Argentina, Spain Handed Kind Draws For 2026 World Cup (Full List)
    Facebook X (Twitter) Instagram Pinterest
    • Advertise With Us
    © 2025 Straightnews Wire Limited

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