11 December 2018
The Depot and Petroleum Products Marketers Association (DAPPMA) has suspended its planned shutdown of depots nationwide.
The decision was contained in a statement issued yesterday in Lagos by the association’s Executive Secretary, Olufemi Adewole.
The oil marketers had been at loggerheads with the Federal Government over the N800 billion being owed them in subsidy.
The statement read in part: “The association has resolved to recall its disengaged personnel for five days to give the Federal Government team the opportunity to conclude its process of paying marketers the full outstanding of N800 billion with the first tranche being the amount already approved by the Federal Executive Council (FEC)
“This is following the intervention of well-meaning Nigerians, including the National Assembly as represented by the Senate Committee on Petroleum (Downstream) and constructive engagement of the Federal Government team with affected labour unions.” Read more