Oil Marketers To Stop ALL Loading Operations By Midnight

Oil marketers in Nigeria are set to shut down all loading operations by 12:00 a.m midnight. This is as a result of the inability of the marketers to pay their staff salaries, according to the marketers.

According to a statement released on Sunday by the Depot and Petroleum Products Marketers Association of Nigeria(DAPPMAN), it has become imperative that the marketers disengage their staff.

In a directive given by the Executive Secretary of the association, Olufemi Adewole, he said;

”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.

Fuel scarcity

“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.”

The Ministry of Finance had announced that it had reached an agreement with the oil marketers over the payment of their outstanding subsidy claims.

DAPPMAN, however denied having an agreement with the government because it failed to agree to demands from the federal government that the claims should come in promissory notes, and not cash.

A statement released on Saturday by Henry Ikem-Obih, Chief Operating Officer, Nigerian National Petroleum Corporation (NNPC) downstream, had expressed assurances that the Debt Management Office would pay N236 billion. The payment will serve as first tranche of the N348 billion approved by the national assembly as outstanding subsidy claims on Friday, December 14.

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