IPMANIndependent Petroleum Marketers Association of Nigeria
IPMANInternet Protocol Metro Area Network
IPMANInternet Protocol Manager
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IPMAN South-West recently said the development was a way of adding more burdens to the ones being carried by the already impoverished masses.
Babatunde Babalola, said, "The arrangement between IPMAN and Star Petroleum is coming at a time the Nigerian government is doing all in its power to make petroleum products available in good quantity to all Nigerians and as such we must play our role positively to enhance the government gesture.
This will enable investors in local refineries such as the Dangote Group and IPMAN, to reap optimal returns on investment.
With this distribution pattern, the NNPC and the Petroleum Products Marketing Company (PPMC) are strangulating IPMAN because the gates to a lot of our marketers stations are locked up.
Earlier in July, IPMAN had completed a business agreement with some international investors to construct two refineries worth about three billion Dollars at Itobe, Kogi, and Abbe in Bayelsa.
The IPMAN boss, who said that the current fuel scarcity had led to job losses and closing of stations by members of his association, adding that fuel scarcity would persist because the NNPC had no capacity to meet the demand of petroleum requirements in the country as the sole importer, distributor, and retailer.
The IPMAN helmsman said that government had performed creditably well in the downstream sector in 2017, adding that it should crown it by building more modular refineries.
In a 3-hour ruling, Presiding Judge, Justice Lambo Akanbi also invalidated the minutes and the meeting with which the last members of the IPMAN trustee had come to power
He added that, in spite of the continuous challenges due to pipeline vandalism and product theft, NNPC has re-assured IPMAN of sufficient products in its marine and national strategic reserves.
He frowned over the attitudes of some IPMAN members who sell fuel at exorbitant rates saying consumers have been facing untold hardship over the fuel scarcity.
The statement reaffirmed that Okoronkwo remains the substantive national president of IPMAN based on the Appeal Court judgment No.
According to the official, the allocation to IPMAN was in addition to the previous allocation to the major marketers to reduce the sufferings of Nigerians.