Uncertainty as Oil Marketers Order Shutdown of Depots

There’s growing apprehension over the availability of petrol this yuletide as the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) directed its members to shut down all loading operations by midnight.

The association gave the directive in a statement released on Sunday and signed by Olufemi Adewole, its executive secretary, stressing that they had disengaged their staff due to inability to pay salaries.

“The Association took a bold step to stop the financial hemorrhaging of its members by the painful disengagement of its loyal workers after over 3 years of engaging with the Federal Government in the efforts to secure the payment of all subsidy induced debt owed marketers,” the statement read.

“To avoid owing staff without any hope of pay, it is hereby agreed that since all our staff have been disengaged, ALL DAPPMAN Member depot are not in a position to operate hence WILL SHUT DOWN ALL LOADINGS AT MIDNIGHT, Sunday,December 9.”

Amid concerns over scarcity of petrol, Henry Ikem-Obih, chief operating officer, Nigerian National Petroleum Corporation (NNPC) downstream, said in a statement Saturday that the Debt Management Office would pay N236 billion out of the N348 billion approved by the national assembly as outstanding subsidy claims on Friday.

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