Industry & Money

IPMAN Threatens Strike Over ₦100b Unpaid Bridging Claims

The Independent Petroleum Marketers Association of Nigeria has issued a seven-day ultimatum to the Nigerian Midstream and Downstream Petroleum Regulatory Authority to pay the bridging claims owed marketers amounting to N100bn or face an industrial action.

Bridging claims represent the cost of transporting fuel from the former Pipelines and Products Marketing Company depots to approved zones to ensure a uniform pump price across the country.

The association threatened to withdraw services if the amount was not paid to them before the deadline.

This move follows the NMDPRA’s failure to clear the debt, despite promises made 40 days ago in the presence of the National Security Adviser, Nuhu Ribadu.

If unresolved, the situation could lead to a nationwide scarcity of Premium Motor Spirit nationwide.

The Chairman of the IPMAN Depot Chairmen Forum, Yahaya Alhasan, disclosed this during a press conference in Abuja on Monday.

The IPMAN Depot Chairmen Forum, reading a communique, expressed frustration over the NMDPRA’s failure to settle the bridging claims, despite repeated assurances.

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