IPMAN directs members to suspend operations

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed members to suspend all operations across the country. 

In a statement signed on Tuesday by IPMAN chairman, Mohammed Kuluwu, the marketers were also ordered to suspend payment of ordering products from source until further notice.

Kuluwu according to the statement said the decision followed, “the critical situation as it affect our sourcing and selling of product at lost and the action of the authority to impose the selling of product at a lost price on our side”.

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ValidViewNetwork reports that the fuel crisis coupled with the naira redesignation crisis is causing economic hardship to the people resulting in demonstration by youths.