Fuel scarcity: IPMAN accuses NNPCL of deliberately withholding petroleum products from members

The Independent Petroleum Marketers Association of Nigeria (IPMAN), Mosimi Depot, in Ogun State, on Tuesday, blamed the current fuel scarcity in the Southwest region of the country on the refusal of the management of the Nigerian National Petroleum Corporation Limited (NNPCL) to make petroleum products available to its members three months after payment.

IPMAN therefore appealed to the federal government as well as other critical stakeholders in the oil industry to prevail on the NNPCL management and ensure that the corporation desists from withholding petroleum products from its members, so as to lessen the hardship being experienced by the citizens.

Speaking with journalists in Abeokuta, Ogun State capital, the IPMAN Mosimi Depot Chairman, Otunba Femi Adelaja, said his members have, since June this year, made a deposit payment of N75.142 billion to the corporation for supplies through the Lagos Private Depot Owners (PDO), but NNPCL refused to make the product available to its members.

Adelaja, who lamented the non-receipt of products from NNPCL three months after payment, said the management of the corporation has been using the IPMAN’s deposit to service the interests of majority marketers at the detriment of the interests of IPMAN members whose businesses have been surviving on bank loans.

Accusing NNPCL of deliberately hoarding petroleum products from its members, Adelaja said it is disheartening that the corporation could be using his members’ deposits to make supplies available to the trio of Total, OANDO, and Ardova petroleum companies, who in turn resell to a few of its customers, thereby compelling them to sell at a higher price to the public.

“As I speak with you, we are surprised to see that the NNPC would not give us any supply, rather, the corporation has been busy using our deposits to run business for their various mega stations. They have refused to acknowledge that our businesses have been surviving on bank loans, who would charge interests on whatever amount is released to each IPMAN member.”

IPMAN Mosinmi Depot, however, solicits the support of all well-meaning Nigerians to prevail on the management of the NNPCL before the corporation finally succeeds in chasing its members out of business.

Credit- Vanguard News