In a new twist of events, the Depot and Petroleum Products Marketers
Association of Nigeria (DAPPMAN) has directed its members to shut down
all loading operations by midnight. The association gave the directive
in a statement released today and signed by Olufemi Adewole, its
executive secretary. According to the statement, oil marketers have
disengaged their staff due to inability to pay salaries.“The Association
took a bold step to stop the financial hemorrhaging of its members by
the painful disengagement of its loyal workers after over 3 years of
engaging with the Federal Government in the efforts to secure the
payment of all subsidy induced debt owed marketers,” the statement
read.“To avoid owing staff without any hope of pay, it is hereby agreed
that since all our staff have been disengaged, ALL DAPPMAN Member depot
are not in a position to operate hence WILL SHUT DOWN ALL LOADINGS AT
MIDNIGHT, Sunday, December 9.”Earlier in the week, the ministry of
finance had announced that it had reached an agreement with by the
painful disengageoil marketers on how to pay the outstanding subsidy
claims. DAPPMAN however denied reaching an agreement with the
government because it failed to agree to demands that the claims should
be paid in cash instead of using promissory notes. A statement released
on Saturday by Henry Ikem-Obih, chief operating officer, Nigerian
National Petroleum Corporation (NNPC) downstream, had assured that the
Debt Management Office would pay N236 billion out of the N348 billion
approved by the national assembly as outstanding subsidy claims on
Friday.Oil marketers insist on shutting down all loading operations by midnight
In a new twist of events, the Depot and Petroleum Products Marketers
Association of Nigeria (DAPPMAN) has directed its members to shut down
all loading operations by midnight. The association gave the directive
in a statement released today and signed by Olufemi Adewole, its
executive secretary. According to the statement, oil marketers have
disengaged their staff due to inability to pay salaries.“The Association
took a bold step to stop the financial hemorrhaging of its members by
the painful disengagement of its loyal workers after over 3 years of
engaging with the Federal Government in the efforts to secure the
payment of all subsidy induced debt owed marketers,” the statement
read.“To avoid owing staff without any hope of pay, it is hereby agreed
that since all our staff have been disengaged, ALL DAPPMAN Member depot
are not in a position to operate hence WILL SHUT DOWN ALL LOADINGS AT
MIDNIGHT, Sunday, December 9.”Earlier in the week, the ministry of
finance had announced that it had reached an agreement with by the
painful disengageoil marketers on how to pay the outstanding subsidy
claims. DAPPMAN however denied reaching an agreement with the
government because it failed to agree to demands that the claims should
be paid in cash instead of using promissory notes. A statement released
on Saturday by Henry Ikem-Obih, chief operating officer, Nigerian
National Petroleum Corporation (NNPC) downstream, had assured that the
Debt Management Office would pay N236 billion out of the N348 billion
approved by the national assembly as outstanding subsidy claims on
Friday.
