Fuel scarcity: FG orders Arrest of Marketers who Hoard Petrol

Related stories

Edwin Cortes: Prefers Being A Small Puerto Rican Than Big American

By Owei Lakemfa To be a citizen of the United...

June 12 And The International Pursuit of Justice For Abiola, By Femi Falana

The June 12, 1993, pro-democracy struggle in Nigeria is...

Breaking Down the West’s $146 Billion 2024 Defence Technology Investment

Advanced technologies like drones, sensors, and even artificial intelligence...

G7 vs. the World: GDP, Population, and Military Strength

Key Takeaways G7 countries represent 28.4% of global GDP...

US drillers cut oil and gas rigs for 10th week in a row, Baker Hughes says

U.S. energy firms this week cut the number of...

The Federal Government has ordered security agencies to arrest petroleum marketers who purposely hoard products to create the artificial scarcity currently being experienced.

This is even as oil marketers have been warned to desist from hoarding the product or risk being arrested by industry regulators who have been detailed for enforcement.

The order was disclosed by the Nigerian National Petroleum Corporation (NNPC) in a statemnet issued on Monday in Abuja.

NNPC spokesman, Ndu Ughamadu, who signed the statement said that the warning followed the uncovering of 144 oil tankers filled with petroleum products in Kano.

According to him, government has intervened in an industrial action embarked upon by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) over labour disputes with NECONDE Energy Services Ltd.

“NNPC warns marketers not to hoard products as law enforcement agencies, working with industry regulators, have been detailed to take appropriate measures against any defaulter.

“The Corporation further assures that there are enough petroleum products to keep the nation wet,” Ughamadu said.

He urged motorists and other consumers of   petroleum products to resist the temptation to go into panic buying.

“NNPC wishes to state that relevant government agencies are in consultation with industrial unions to arrive at an amicable resolution of issues over which there are threats of industrial action,” he said.

The Federal Government has also waded into the matter, appealing to leaders of PENGASSAN to shelve its strike over the sack of workers by NECONDE Energy Services Ltd.

The News Agency of Nigeria (NAN) correspondent reports that queues, which eased some days back, have now returned at fuel stations in the Federal Capital Territory.

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
Edwin Cortes: Prefers Being A Small Puerto Rican Than Big AmericanJune 12 And The International Pursuit of Justice For Abiola, By Femi FalanaBreaking Down the West’s $146 Billion 2024 Defence Technology InvestmentG7 vs. the World: GDP, Population, and Military StrengthUS drillers cut oil and gas rigs for 10th week in a row, Baker Hughes saysExclusive! Tinubu Tips Late Ajimobi's Wife, Florence, Others for Ambassadorial PostsTinubu Mourns, Pays Tribute to Legendary Super Eagles Goalkeeper Peter RufaiNatasha vs Akpabio: Court Orders Senate President To Recall Senator NatashaHadi Sirika Denies Defection to ADC Coalition Rumors, Reaffirms Loyalty to Buhari, APCChina Snubs U.S. Crude for Third Month, Even as Ethane Trade RestartsHow Super Eagles Icon Peter Rufai passed Away at 61Dakuku Peterside’s Beneath the Surface Book Out in OctoberOil Prices Dip on Confirmation of Inventory BuildBuhari In Stable Condition - Ex-Aide ConfirmsBREAKING: Ex-President Buhari sick, hospitalised abroad
X whatsapp