N659bn debt:  Oil marketers withdraw ultimatum given to FG

By  Folake Ogunleye

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and Major Oil Marketers Association of Nigeria (MOMAM) have withdrawn ultimatum given to the Federal Government of Nigeria over N650 Billion naira owned the associations by the Federal Government.

The bodies had few weeks ago issued a 14days ultimatum for the payment by the Federal Government or face disruption of activities which was billed to hold immediately at the expiration of the ultimatum.

However, swift action taken by the national Assembly and the association meetings with the government paved way for resolution as the association urged its members to ignore earlier ultimatum issue to the government.

According to the statement released and signed by the associations “In  light of over N650Billion owed by Federal Government  to petroleum marketers, a series of constructive engagements and meetings were held with  Nigeria  National petroleum Cooperation (NNPC),  Ministry of Labour, the Presidency and DAPPMAN/MOMAN.

Marketers have been reassured about the FGN’s commitment to make payment as evidenced by the request for approval for appropriation of same to the National Assembly.

The statement reads further, “It is our hope that this approval will be given promptly and these long overdue payments made subsequently.

“DAPPMAN/MOMAN hereby suspends the issued 14 days ultimatum and uses this medium to plead with all our staff under the various umbrella Unions: NARTO, PENGASSAN, NUPENG/PTD to please bear with us whilst this approval for appropriation by the NASS is being deliberated on and processed. “We believe this will not exceed two weeks in view of the adverse implications of any delays. “All marketers are to ensure there is no disruption in the supply and distribution of PMS nationwide.”

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