"The only way to salvage the situation is for government to pay the oil marketers the outstanding debts through cash option instead of promissory note being proposed.
"As I speak, nothing has been done several months after assurances received by government saying it would pay off the outstanding debts.
"The oil marketers have
requested that forex differential and interest component of government’s indebtedness to marketers be calculated up to December 2018 and be paid within next seven days from the date of the letter sent to the government."
◇ Fuel scarcity looms as oil marketers threaten to shut depots within 7 days
Oil marketers have given the Federal Government a seven-day ultimatum to settle outstanding debts totalling N800 billion, failing which depots would cease operation across the country.
The marketers, comprising Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA) and Independent Petroleum Products Importers (IPPIs), said failure to meet the deadline would force its members to disengage workers from depots.
Confirming the seven-day notice, Patrick Etim...
- Thecable
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