A peace agreement has been reached between the Nigerian National Petroleum Company Limited (NNPCL) and independent oil marketers, following a mediation led by the Director General of the Department of State Services (DSS), Adeola Ajayi.
The agreement will see NNPCL allow the loading of products to cover the N15 billion owed to the marketers.
Chinedu Ukadike, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), disclosed the outcome during an interview with newsmen.
The meeting, which included a director from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and NNPCL’s Group Chief Executive Officer, Mele Kyari, facilitated a resolution, allowing independent marketers to resume product loading.
Ukadike explained, “We were invited by the DSS Director to mediate the ongoing dispute between IPMAN and NNPCL over issues including pricing and the non-compliance of Dangote Refinery in selling Premium Motor Spirit (PMS) to IPMAN. After a successful mediation, NNPCL agreed to reduce some charges and allow marketers to immediately load tickets worth N15 billion.”
Additionally, Ukadike revealed that NMDPRA agreed to issue IPMAN import licenses, enabling the association to embrace full deregulation of the oil sector.
However, NMDPRA spokesperson George Ene-Ita stated he was unaware of the meeting or any license approvals, saying, “I was not part of it.”
Meanwhile, NMDPRA has committed to making a payment of N10 billion to oil marketers as part of the outstanding funds under the Petroleum Equalisation Fund (PEF).
Don’t Miss The Opportunity Awaiting You. Click the link below 👇
https://faikudoka.net/4/5193489
Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it.
Drop your comment in the section below, and don’t forget to share the post.
Never Miss A Single News Or Gists, Kindly Join Us On WhatsApp Channel:
https://whatsapp.com/channel/0029Vad8g81Eawdsio6INn3B
Telegram Channel:
https://t.me/gistsmateNG
