- The Petroleum Products Marketers Association of Nigeria has expressed displeasure over unpaid debt by the federal government
- The association directed its members to shut down operations at midnight of Sunday, December 9, till the debt is paid
- According to the executive secretary of the association, Olufemi Adewole, strike action will be embarked upon
Members of Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) were on Sunday, December 9, directed by the leadership of the association to shut down operations at midnight of Sunday, December 9.
The association said operations should be shut down until the federal government pays all the outstanding debt which it owed the marketers, Punch reports.
Legit.ng gathers that the executive secretary of DAPPMAN, Olufemi Adewole, said the association would go on strike.
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Adewole said: “As you are aware, the association reviewed the suspension of the ultimatum given to the Federal Government on December 25, 2017, which was suspended due to the intervention of well meaning Nigerians and the Federal Government’s promise to immediately pay marketers the outstanding subsidy-induced debts.
“Unfortunately as at today, and almost 12 months to the date, all we got so far are invitations to meetings and dialogues which have so far not stopped the daily increasing interest on these debts which are owed banks and agencies, and which, also has not manifested as credit to marketers.
“Further talks to which we are usually invited, which now seem to be their response to our follow ups on these debts, never consented to our requests for full cash payment of these debts, hence the regrettable decision we have had to take to let go of our loyal staff who we have sustained through bank facilities at outrageous interest rates.
“Premised on our inability to pay December 2018 salaries and to avoid owing staff for work done without any hope of paying them, it is hereby agreed that, since our staff have been disengaged, all DAPPMAN member depots are not in a position to operate, hence will shut down operations at midnight, Sunday, December 9, 2018 until the Federal Government pays our calculated claims: the remaining subsidy (to few members), forex differentials and interest incurred up to December 31, 2018.”
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Meanwhile, Legit.ng previously reported that the federal government said oil marketers would be paid N236 billion out of N348 billion approved by the National Assembly as outstanding subsidy claims on Friday, December 14.
The chief operating officer, Nigerian National Petroleum Corporation (NNPC) downstream, Henry Ikem-Obih, disclosed this to newsmen in Abuja on Saturday, December 8.
He said: “The Debt Management Office (DMO) will by next week, precisely on Dec. 14th, pay oil marketers first part of the subsidy arrears of N236 billion as agreed by both parties."
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Source: Legit.ng
