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Oil Marketers Give Nigerian Government 7 Days To Settle Debt

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Oil Marketers Give Nigerian Government 7 Days To Settle Debt

Oil marketers have once again given the Federal Government a seven-day ultimatum on Sunday to settle outstanding debts totaling almost N1 trillion.  They say if this is not done, depots would cease operation across the country.

The marketers, comprising Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA) and Independent Petroleum Products importers (IPPIS), said failure to meet the deadline would force its members to disengage workers from depots.

Patrick Etim, Legal Adviser to IPPI confirmed that banks have taken over investments and assets of oil marketers over unpaid debts.

Etim says marketers have instructed their workers to stay at home. They say the only way out is for the government to pay the outstanding debts through cash option instead of its proposed promissory note.

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Nigerian News

PPPRA Cautions Oil Marketers On Distorting Fuel Price

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PPPRA Cautions Oil Marketers On Distorting Fuel Price

The Petroleum Products Pricing Regulatory Agency on Tuesday cautioned oil marketers against distorting the approved pump price of petrol.

PPPRA secretary Abdulkadir Saidu says the agency is in charge of fixing the price of white petroleum products – petrol and kerosene, the approved cost of PMS at retail filling stations has not changed beyond N145 per litre.

Saidu has also advised oil marketers to ensure that there was no price distortion in their respective retail outlets, adding that PPPRA would continue to carry out its oversight function of monitoring depots and filling stations across the country.

He said this would ensure strict adherence to the regulated price and stop other forms of fraudulent practices at retail outlets.

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Nigerian News

NIM President Calls ON Political Leaders In Nigeria To Reveal Salaries And Allowances

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NIM President Calls ON Political Leaders In Nigeria To Reveal Salaries And Allowances

The president of the Nigerian Institute of Management, Professor Olukunle Iyanda, has called for the disclosure of remunerations of political leaders in the country.

He frowned on the refusal of national assembly members to reveal their salaries and allowances.

Speaking at the nim’s continuing learning and development programme in Abuja, Iyanda accused politicians of elevating themselves above service to the nation.

Iyanda lamented that Nigerian lawmakers are the highest paid in the world; yet, Nigeria is not among the top 10 richest nations.  He said they should not earn more than Federal Permanent Secretaries.

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Nigerian News

Gombe State Government Confirms Death Of 4 Lassa Fever Patients

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Gombe State Government Confirms Death Of 4 Lassa Fever Patients

The Gombe state government has confirmed the deaths of four Lassa fever patients from the 53 suspected cases recorded in the state.

Acting state epidemiologist, Nuhu Bille, has advised members of the public to imbibe the culture of reporting cases of fever to hospitals for adequate action and treatment.

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