EXPLOSIVE: No Peace In Aso Rock, As Oil Marketers Threaten President Muhammadu Buhari, Set To Shut Down Nigeria’s Economy

The Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, has petitioned President Muhammadu Buhari and Minister of State for Petroleum Resources, Ibe Kachikwu, over the non-payment of their outstanding subsidy, in excess of N650 billion, Guardian reports.

The Marketers issued a fresh 14-day ultimatum to the Federal Government to pay up, failing which they would shut down their depots and embark on a massive sack of workers.

President Buhari also doubles as the Minister of Petroleum 

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The Nigerian National Petroleum Corporation, NNPC, uses the private depots to stock most of its imported products for a fee, due to a shortage of storage facilities in the country.

The Association said: “The unfortunate primary fallout of this step, is the likely shutdown of all DAPPMAN depots nationwide, due to lack of manpower to operate same, pending the time the Federal Government will pay off its indebtedness to Petroleum Marketers. This, unfortunately, will have a multiplier effect on the nationwide supply and distribution of petroleum products, which currently is still a struggle.”

The ultimatum, contained in a letter signed by Executive Secretary, Olufemi Adewole, notes: “Subsequent to our letter ref: DS/ES/Presidency/16, dated January 24, 2018 and copied to you, we again observe a lack of response on the part of the Federal Government to the plight of Petroleum Marketers, many of whom have become financially insolvent.”

It was further gathered that the demand became inevitable, as a result of buck-passing between the Executive, represented by the Ministry of Finance, and Legislators. While the Ministry insisted the sum had been forwarded for legislative approval, the Lawmakers denied receiving any notification.

Aso Rock Villa

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Having waited years for the payment, which continues to attract huge bank interests, the Association therefore, petitioned the Federal Government, noting:

In the light of the foregoing, the Association said it had no option but to stop borrowing to pay staff, and immediately commence massive disengagement of staff, as forewarned in its January 24 letter, where it gave the Federal Government a 21-day notice to pay up.

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