Oil marketers have warned Nigerians to prepare for the “mother of all queues” if the Federal Government fails to meet their demands.
The oil dealers under the aegis of the Independent Petroleum Marketers Association of Nigeria also denied the payment of N74bn by the Federal Government.
AM Business had reported that the Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority said on Wednesday that it paid N74bn to oil marketers.
But IPMAN secretary in Abuja-Suleja, Mohammed Shuaibu, said the body never received any payment.
Shuaibu said, “FG alleged they have paid marketers N74bn right? We have accused them of sabotaging our efforts by not paying us our bridging claims and that is the fact.
“Since they claim to have paid, we are not arguing but we challenge them to come out and name the marketers that they paid. Let them explain from A to Z. Let them bring out the documents. If you say you have paid our members N74bn, and we say we’ve not been paid, then come out and explain to the public.
“Anyway, by the time we down-tool fully within the next one week, they will explain to the public and the presidency how the situation got to that level, because this one is going to lead to the mother of all queues.”
Shuaibu added, “You are owing a marketer, for example, N30m or N20m, you paid him N150,000 or N200,000 and you now go on air to say you have paid the marketer. Is there any justification to that effect?”
He said the indebtedness to marketers was way beyond N50bn, adding that IPMAN had been raising the alarm because many of its members were shutting down operations due to their inability to continue in business.