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IPMAN threatens to withdraw services over ‘discriminating distribution system’

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Members of the Independent Petroleum Marketers’ Association of Nigeria (IPMAN) yesterday, threatened to boycott private depots, except they are supplied products at the same regulated price to major marketers.

Citing the prevalence of a discriminating distribution system between IPMAN and major marketers, the independent operators have given a seven-day notice to the Nigerian National Petroleum Company Limited (NNPCL) to address their concerns or they boycott the depots, thereby worsening the already tense fuel situation in the country.

IPMAN Ejigbo Satellite Depot Chairman, Akin Akinrinade in a chat with journalists yesterday, also called out the regulatory agency, NMDPRA, for allowing the situation to deteriorate.

He raised some posers saying, “How do you explain the fact that Major Marketers and NNPC Retail outlets sell at N170/ltr and N169/ltr of petrol at their stations, respectively, (and still make profit)? They get their supplies from the same Mother Vessels brought into the Nigerian waters by NNPC Limited. Do they not use Daughter Vessels? Why is it impossible for the Private Depots to sell to IPMAN members at regulated price since they get their supplies from the same source as major marketers? Nobody seems to be interrogating this obvious anomaly.

READ ALSO: Naira loses to dollar, exchanges at 445.83

“The authorities should tell Nigerians how it is possible for the major marketers to sell at a pump price N170/ltr of petrol and the private depot (who are middlemen), sell to IPMAN members at N217/ltr of petrol, ex-depot. It is NNPC that supplies both of them (at same price). From what is playing out, the only ineluctable conclusion is that the private depot owners, in connivance with the authorities in charge of distribution of petrol, are playing games with our collective destinies. The simple fact that the Federal Government is subsidizing petrol makes whoever has custody of it, to do in trust for Nigerians whose funds are being used to subsidize the product.

“They should not be allowed to profiteer. We call on NMDPRA to wake up and do the needful at the depots. We are in this dire position because the NNPC depots across the country are not working. These non-functional depots left IPMAN members orphaned since the beginning of the year 2022. While arrangements were made for major marketers to load at their various depots and at times at the Private Depots, no such arrangement was made for IPMAN members.”

Despite IPMAN members controlling more than 80 per cent of the filling stations across Nigeria, Akinrinade stated that any distribution arrangement that excludes IPMAN members is bound to fail.

He noted that the only immediate solution to the current quagmire is to bring IPMAN back into the distribution system, via a through-put arrangement with some private depots to warehouse petrol for loading by IPMAN members at government regulated price.

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FRSC warns truck drivers against speeding, reckless driving

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Mr Joshua Ibitomi, the Area Commander of Federal Road Safety Corps (FRSC),
Ibeju-Lekki, Epe Division, Lagos State, has warned truck drivers against speeding and reckless driving.

He gave the warning in an interview with the News Agency of Nigeria (NAN) in Ibeju-Lekki on Tuesday.

The FRSC official, who blamed speeding on the ghastly vehicle accident that occurred at Aiyetoro market in Epe
which claimed several lives and left some injured, said that with careful driving, such accident could be avoided.

He added that “the accident was as a result of speeding, reckless driving and loading of truck beyond its capacity.

“All these are factors responsible for accident when drivers are not conscious of the driving rules.

“Vehicle can develop technical fault at any time, therefore, speed limit and caution need to be applied while driving.”

He said FRSC had been sensitising drivers on the need to install speed limit device and be road conscious while driving, in line with the mandate to instill decent use of road.

Ibitomi also advised passers-by and the public to be safety conscious while walking on roadsides to avoid falling victim of accidents.

He attributed major road crashes on roads to speed limit violation, urging drivers to respect the sanctity of human life by obeying traffic rules.

He added that the FRSC had evolved measures to ensure accident-free yuletide and new year festivities in 2024

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Trump Victory Sparks Celebration in Florida, Disappointment for Harris Supporters

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Trump Victory Sparks Celebration in Florida, Disappointment for Harris Supporters

Jubilant supporters celebrated Donald Trump’s apparent victory in Florida early Wednesday as he claimed a return to the White House, despite most major news networks holding off on officially calling the race.

At an event in Palm Beach, Trump supporters reveled in the win projected by Fox News, cheering as the former president declared a “political victory that our country has never seen before.”

“I feel extraordinary,” said 68-year-old supporter Ted Sarvanis, dancing with arms in the air. “This is the greatest American political story in the history of the country.”

Joined by running mate J.D. Vance, Trump took the stage, celebrating his projected win. The atmosphere at the convention center was electric, with supporters sporting “Make America Great Again” caps and mingling in formal attire and Trump-themed clothing.

“I feel relieved. I was a little bit scared because you never know how things are going to turn out,” said Stacy Kurtz, 45.

In contrast, a far different scene unfolded for Vice President Kamala Harris’s supporters at Howard University in Washington, where they were hoping for a Democratic win.

As the night wore on and Trump gained electoral votes in key battleground states, disappointment swept through the crowd.

“I am scared, I am anxious now,” said Charlyn Anderson earlier in the evening.

Democratic watch parties in places like Atlanta and Pennsylvania grew somber as results rolled in, with Lynn Johnson, 65, expressing concern, “It’s going to be dangerous if he wins. I don’t feel safe.”

While Trump’s supporters celebrated a comeback, the mood among Democrats was marked by worry and disbelief.

“He’s a terrible candidate, so it just doesn’t make sense,” said Harris supporter Ken Brown.

The contrasting scenes highlighted the nation’s deep political divide on election night.

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Tinubu Congratulates Trump on Historic Re-Election, Eyes Stronger U.S.-Nigeria Ties

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Tinubu Congratulates Trump on Historic Re-Election, Eyes Stronger U.S.-Nigeria Ties

President Bola Tinubu has extended warm congratulations to President Donald Trump on his re-election as the 47th President of the United States, expressing optimism for stronger ties between Nigeria and the U.S. in an era of global challenges.

The congratulatory message, issued by Tinubu’s Special Adviser on Information & Strategy, Bayo Onanuga, emphasises the Nigerian leader’s hopes for a renewed partnership between the two nations.

Following his victory on Wednesday, Trump pledged to “heal” the country, marking a stunning political comeback as he edged past Kamala Harris in a closely contested election.

Tinubu, in his message, affirmed, “Together, we can foster economic cooperation, promote peace, and address global challenges that affect our citizens.”

Tinubu highlighted that Trump’s return to the White House reflects the trust and confidence of the American people in his leadership, praising their commitment to democracy.

Given Trump’s experience from 2017 to 2021 as the 45th President, Tinubu foresees a new era of “earnest, beneficial, and reciprocal economic and development partnerships between Africa and the United States.”

The Nigerian President also expressed confidence that Trump’s leadership will contribute to peace and prosperity worldwide, acknowledging America’s significant influence on global affairs.

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