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IPMAN Decries FG’s Non Payment Of N20bn Transport Claims To Members In Southeast

IPMAN Decries FG's Non Payment Of N20bn Transport Claims To Members In Southeast

by Kamsochi
July 29, 2022
in Business
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Petroleum Marketers Decry High Cost of Operation In South East
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IPMAN Decries FG’s Non Payment Of N20bn  Transport Claims To Members In Southeast

 

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has lamented Federal Government’s high indebtedness on transport claims to its in the Southeast.

 

Mr Chinedu Anyaso, Chairman of IPMAN, Enugu Depot Community in charge of Anambra, Ebonyi and Enugu state said this in an interview with journalists im Awka on Friday.

 

Anyaso who said marketers in the zone were being owed about N20 billion regretted that money tied in that debt was affecting their businesses adversely.

 

He called on the Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to process and pay verified claims of marketers to enable them remain in business.

 

He said most of the had already defaulted in the loan arrangements with the banks while accumulating more claims in their efforts to procure products.

 

“Marketers in the zone are suffering because of the huge transport claims that have not been attended to by the NMDPRA for years now.

 

“We rely on depots outside the zone for products and it is this transport differential that mskes us sell at regular prices but Federal Government is not paying us.

 

“At the moment, my members in Southeast are being owed between N15 billion to N20 billion claims, we are calling on the FG to pay us, so we can service our loans and also remain in business,” he said.

 

Anyaso called on the management of the new Nigerian National Petroleum Corporation Limited to evaluate its facilities in the Southeast with a view to revitalising the Emene Depot, Enugu to enhance distribution in the zone.

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