NNPC Discredits DAPPMA, Says Fuel Marketers Owe N26bn
The Nigerian National Petroleum Corporation (NNPC) has described as, very unfortunate, a statement credited to the Depot and Petroleum Products Marketers Association (DAPPMA) on the fuel supply situation in the country.
In a statement, the Group General Manager in the Public Affairs Division of the NNPC, Mr Ndu Ughamadu affirmed that the Corporation had supplied an appreciable volume of products to DAPPMA, Major Marketers Association of Nigeria (MOMAN) and Independent Petroleum Marketers Association of Nigeria (IPMAN) to address the challenges currently faced in the supply and distribution of petroleum products across the country.
He also stated that the “NNPC regrets that DAPPMA, whose members had taken receipts of products from Petroleum Products Marketing Company (PPMC), a subsidiary of NNPC and currently indebted to the company to the tune of N26.7billion as at December 21, was indicting the NNPC unjustifiably.”
Ughamadu added that the statement credited to DAPPMA that “the current hiccups in the supply of products was due to the inability of the Direct Sale Direct Purchase (DSDP) and partners of NNPC to deliver on their business obligations is unfounded and self-indicting as many of DAPPMA members patronize the same DSDP international counterparts as the corporation.”
Mr Ughamadu noted that despite the government’s concession giving access to DAPPMA to obtain FOREX at an official rate of N305 per dollar to import PMS , their members had not been able to do so, rather leaving NNPC as the sole supplier of PMS to the Nigerian market.