Equalisation Fund Arrears: Fuel Scarcity Looms As IPMAN Threatens Private Depot Owners - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
September 30, 2019
The Independent Petroleum MarketersAssociation of Nigeria, IPMAN has warned of impending scarcity of petroleumproducts, if private depot owners fail to settle accumulation of PetroleumEqualisation Fund, PEF.
The northwest zone IPMAN ChairmanBashir Dan-Mallam issued the threat while briefing journalists in Kano State.
Dan-Mallam lamented the financialweakness of some marketers to lift products after failed assurances of thedepot owners, stressing that the marketers would not hesitate to take allnecessary measures to get their arrears.
The IPMAN chairman emphasised thatthe problem of petroleum scarcity in most cases, among other reasons, is asresult of withholding of equalisation fund to independent marketers.
On its part, The Nigerian NationalPetroleum Corporation, NNPC had cautioned the private depot owners toimmediately clear the PEF they owe independent marketers or risk zeroallocation of products.