Home Maritime PPMC revokes marketers’ licences over product diversion

PPMC revokes marketers’ licences over product diversion

Petrol marketers have denied  allegation of product diversion levelled against them by the Nigerian National Petroleum Corporation (NNPC), just as the Pipelines and Products Marketing Company, a subsidiary of the NNPC, announced  that it had revoked the licences of three marketers allegedly involved in the diversion of products.
The Treasurer, Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr. Dibu Aderibigbe, indicated that members of IPMAN were not involved in any product diversion.
He said the independent marketers must not be blamed for the current fuel scarcity, stressing that up till last week, the government is yet to pay their subsidy claims despite efforts put in by IPMAN to ensure smooth distribution of petroleum products across the country.
However, the corporation (NNPC)  noted that the PPMC revoked the lifting licences or BPAs of three independent marketers for engaging in product diversion and sundry infractions.
“The affected marketers are Funo Alfa, Organizer West Africa and Rich Oil. The sanction is with immediate effect,” it said.
The NNPC added that it was closely monitoring the market alongside its subsidiary, the PPMC, adding that the withdrawal of lifting licences of errant marketers was a continuous exercise.

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