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Nairaland Forum / Nairaland / General / Politics / Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses (31757 Views)
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Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by shamecurls(m): 8:52pm On Jul 21, 2015 |
The Nigerian National Petroleum Corporation on Tuesday wielded the big stick on three independent petroleum products marketing firms for various sharp practices, including products diversion and hoarding. The Pipelines and Products Marketing Company, the NNPC subsidiary in charge of petroleum products distribution and marketing, said Funo Alfa, Organizer West Africa and Rich Oil Company will have their Bulk Purchase Agreement (fuel lifting licenses) revoked immediately for engaging in products diversion and sundry infractions. The group general manager, Group Public Affairs Division, NNPC, Ohi Alegbe, said the sanction, which takes immediate effect, has cost the three companies the withdrawal of their products lifting licenses, to serve as a deterrent to other marketers determined to frustrate the effort of the government to ensure uninterrupted supply of fuel to consumers. Consequently, Mr. Alegbe warned fuel marketers all over the country to desist from illegal business of products diversion, hoarding, and any other forms of sharp practices, as the Corporation would not hesitate to clampdown on any of them found wanting. “The NNPC is closely monitoring the petroleum products market to ensure that those who are not ready to do the business genuinely and lawfully are identified and weeded out,” Mr. Alegbe said. “We must warn that withdrawal of fuel lifting licenses of erring marketers is a continuous exercise. “Henceforth any oil marketer found to be involved in products diversion will have its Bulk Purchase Agreement with the Pipeline and Products Marketing Company revoked.” Despite the huge load-out of petroleum products from PPMC depots by both major and independent marketers in recent times, Mr. Alegbe said the NNPC had observed persistent tightness of supply experienced in some parts of the country, which has been traced to massive diversion and hoarding of products by some marketers. He said the warning for marketers to desist from such sharp practices was issued as part of efforts by the NNPC to sanitize the fuel distribution and supply system and eliminate the long queues at filling stations across major cities in the country. http://www.premiumtimesng.com/business/oil-and-gas/187055-fuel-scarcity-nnpc-moves-against-3-marketers-revoke-licenses.html 5 Likes 1 Share
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Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by MasterG(m): 8:53pm On Jul 21, 2015 |
Hmmm?! This should teach others a lesson. That's if really a punitive measure to curb there excesses. FTC. I dedicate this to my cute son and beautiful daughter, grant and Anita. 1 Like |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by Nobody: 8:54pm On Jul 21, 2015 |
who is the one making all these decisions since Grandpaa buhari is busy twisting and swapping tongue in US calling APC All Nigeria People Congress *Tinubu must hear this* Make i brush my teeth first 20 Likes 3 Shares
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Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by XTROVAT: 8:55pm On Jul 21, 2015 |
OK |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by atlwireles: 8:55pm On Jul 21, 2015 |
You can revoke all you want, fact is NNPC does not have the capacity to meet 60% of the local demand. The queues will remain as you people keep beating your chest about revocation. 12 Likes 2 Shares |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by marshalcarter: 8:56pm On Jul 21, 2015 |
Mehn Phuck dis world and the government We really livin in hell 4 Likes 1 Share |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by gracia007(f): 8:58pm On Jul 21, 2015 |
XTROVAT:you're jst a pest trying to survive on introvert's fame which only happened because she was utterly jobless! 31 Likes 1 Share |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by Nobody: 9:01pm On Jul 21, 2015 |
Who is the one making all these decisions?? 2 Likes |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by Nobody: 9:11pm On Jul 21, 2015 |
And suddenly everybody wants to be hyperactive now. Ok na. 6 Likes 1 Share |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by richidinho(m): 9:18pm On Jul 21, 2015 |
![]() ![]() How e take consign mua |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by tayoxx(m): 9:33pm On Jul 21, 2015 |
nawa o |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by donholy28(m): 9:34pm On Jul 21, 2015 |
Who made this decision? Have buhari appointed any minister for petroleum?.... who is the ghost?.. 2 Likes |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by double0seven(m): 9:38pm On Jul 21, 2015 |
atlwireles: so what do you suggest they do? Gold their hands and watch, which will encourage more marketers to have a field day diverting and hoarding petroleum products? so will that solve the problem of further aggravate it? waiting for suggestiona please? 83 Likes 2 Shares |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by Seamareggae(m): 10:08pm On Jul 21, 2015 |
atlwireles:Nice reading comments from wailing wailers... Lol... 77 Likes |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by atlwireles: 10:11pm On Jul 21, 2015 |
Seamareggae: Almajiri you have been seen, now piss off. 19 Likes 3 Shares |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by Seamareggae(m): 10:26pm On Jul 21, 2015 |
atlwireles:Hahaha haha... A typical wailing wailer... Keep being a wailing wailer for the next 4 years.. U are blessed.. 96 Likes |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by atlwireles: 10:36pm On Jul 21, 2015 |
Seamareggae: Almajiri, stay safe from suicide bombers. 20 Likes 2 Shares |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by Adaahjacob(m): 11:31pm On Jul 21, 2015 |
Am tired reading NNPC articles mannn! Just stop making life miserable for Nigerians. God bless Nigeria and punish our corrupt leaders. |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by kazmanbanjoko(m): 11:32pm On Jul 21, 2015 |
give president buhari 1000 likes. 65 Likes 4 Shares |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by Nobody: 11:32pm On Jul 21, 2015 |
Buhari is working and breaking the petroleum monopoly that GEJ in all his cluelessness, allowed to feed fat on Nigerians. Next time a nigga tells you he had no shoes, phock that nigga up. He probably sold his shoes or gambled it away ![]() ![]() ![]() ![]() ![]() ![]() 111 Likes 7 Shares |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by HungerBAD: 11:33pm On Jul 21, 2015 |
And the BAD BELLES say Buhari is not God sent? this man needs our prayers, as the battle will be tough ahead. But, there is no way darkness can take over light. Buhari, you are a MOSES sent to EGYPT. Come and FREE us PLEASE. Buhari today. Buhari Tomorrow. Buhari till all the CORRUPT people(PDP)end up in jail. 62 Likes 2 Shares |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by DankemzI(m): 11:34pm On Jul 21, 2015 |
https://www.nairaland.com/2468461/caption-photo#36137405 “Henceforth any oil marketer found to be involved in products diversion will have its Bulk Purchase Agreement with the Pipeline and Products Marketing Company revoked.”All in a bid to impress.......... I no talk o! 3 Likes 1 Share |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by slinkman(m): 11:34pm On Jul 21, 2015 |
silly government and country 1 Like |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by Houseofglam7(f): 11:34pm On Jul 21, 2015 |
Ghen ghen |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by steppin: 11:38pm On Jul 21, 2015 |
Seamareggae:You were hoping for hundreds of likes from your dullard colleagues abi? 6 Likes 2 Shares |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by armadeo(m): 11:38pm On Jul 21, 2015 |
brb meanwhile fuel is 110 everywhere i go. whats DPR doing about that. 3 Likes |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by tbaba1234: 11:39pm On Jul 21, 2015 |
17 Likes |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by jieopo: 11:39pm On Jul 21, 2015 |
Good development |
Re: Fuel Scarcity: NNPC Moves Against 3 Marketers, Revoke Licenses by Strongbest(m): 11:40pm On Jul 21, 2015 |
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