DAPPMAN Extends Ultimatum, Suspends Planned Shutdown Of Oil Depots

The Depot and Petroleum Products Marketers Association (DAPPMA) has suspended its earlier directive to commence shutdown of depots across the country from loading petroleum products effective from 12-midnight today (Monday).

DAPPMAN in a statement signed on Monday by its executive secretary, Olufemi Adewole, said it decided to extend it earlier seven-day ultimatum with another five days to give the Federal Government more time to look into the issue and settle the outstanding debts of N800 billion.
The group said this decision was necessary following the intervention of well-meaning Nigerians.

“However, following the intervention of well-meaning Nigerians including the National Assembly as represented by the Senate Committee of Petroleum Downstream and constructive engagement of the Federal Government team by the labour unions most affected by the disengagement of our personnel, namely, PENGASSAN, NUPENG NARTO, and the PTD, DAPPMAN has resolved to recall its disengaged personnel for five-days to give the FG’s team the opportunity to conclude its process of paying marketers the full outstanding of N800 billion with the first trench being the amount already approved by the Federal Executive Council (FEC),” the statement read.
The association added that the decision was also made to avoid unnecessary hardship for Nigerians during this yuletide season. It therefore asked all its depots to commence operations immediately and await further directive.

“The association has acted in good faith to avoid unnecessary hardship which could befall Nigerians during the yuletide season and we hope that government would make good its promise to see that these issues are resolved by Friday, December 14, 2018 as promised.”
Oil marketers, comprising Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA) and Independent Petroleum Products Importers (IPPIs), had earlier given the Federal Government a seven-day ultimatum to settle outstanding debts totaling N800billion.

The group said failure to meet the deadline would also force its members to disengage workers from depots and shut down depots across the country.
The Senate Committee on Petroleum Downstream in response however called on the oil marketers to as a matter of national interest rescind their seven-day ultimatumand allow the Federal Government a little more time to look into their demands.

December 10, 2018