Financial Energy Review
The National President, Independent Petroleum Marketers Association of Nigeria, Abubakar Garima, has stated that the Nigerian National Petroleum Company Limited owes petroleum marketers almost N15bn.
Garima stated this on Thursday when he was featured on Channel TV’s Sunrise Daily. According to him, its members have yet to load a single truck since the NNPCL increased its pump price.
Responding to a question about how much NNPCL is owing its members, he said, “Roughly, it is almost getting to N15bn. Our money is already with the NNPCL. It has refused to give us the product we paid for and is asking us to complete the difference.
“Our money has been with the NNPCL for almost three months now. Either they sell for us at the same rate they are getting the product from Dangote Refinery or refund us so we can buy directly from Dangote Refinery.”
A week ago the NNPCL commenced loading Premium Motor Spirit, popularly called petrol, at the Dangote Petroleum Refinery, most filling stations across the country are yet to get the product.
It was also reported that IPMAN in its independence message on October 1, 2024, urged the Federal Government to allow its members to source a direct supply of petroleum products to ease the pressure in the sector.
