Business

Fuel Scarcity: Marketers threaten to withdraw services over N200bn debt

Amid worsening fuel scarcity across the country, the Independent Petroleum Marketers Association of Nigeria, IPMAN, has threatened to cripple the supply of Premium Motor Spirit, PMS, also known as petrol, over non-payment of N200 billion bridging claims.

Speaking on Channels Television, the association’s Unit Chairman and spokes person, Aba Depot, Mazi Oliver Okolo, said the threat was issued with the backing of the national leadership.

He claimed that the debt is being owed by the Nigerian Midstream and Downstream Petroleum Regulatory Commission, NMDPRA.

” The debt has been there for long and we have been making frantic efforts for the relevant authorities to settle it without success and there is a limit to our patience because the debt has affected our businesses greatly.

He appealed to the government to do the needful and settle the accumulated debts to avoid their members withdrawing their services.

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