A Review of the Nigerian Energy Industry

‎IPMAN laments inadequate storage facilities for kerosene

Crude oil storageKUNLE KALEJAYE 11 September 2014, Sweetcrude, Lagos – The Independent Petroleum Marketers Association of Nigeria, IPMAN, has expressed dismay over the absence of ‎storage facilities in Atlas Cove tank farm in Tarkwa Bay, Lagos, for Dual Purpose Kerosene, DPK, better known as kerosene.

IPMAN Chairman at Mosimi Depot, Comrade Dele Tajudeen who stated this during a delegate meeting of the association in Mosimi, Sagamu, Ogun State said the situation might lead to scarcity of the product in the country.
He therefore urged the Federal Government to make storage facility available for the product and also ensure adequate supply of Premium Motor Spirit, PMS, also known as petrol to avert scarcity. 
While addressing journalists at the meeting, he stated that petrol is available at he depot, but kerosene and diesel are not getting to the depot.
Dele also stated that the association does not in any way in oppose to deregulation of the products, but retierated that before they are deregulated, the Petroleum Industry Bill (PIB) must be passed to ensure level playing field for all the stakeholders.
While reacting to the allegation of misappropriated N500 million, Tajudeen stated that the allegation was unfounded and baseless.
According to him, “the association did not make N500 million in turnover, where do we get such huge fund to misappropriate. They did not have legal standing to have access to our account, where did they get such figures is of great concerns. We are going to sue them for libel if they cannot substantiate their claims with evidence.”
It would be recalled that a faction of IPMAN led by Adeleke Dada alleged that the Dele Tajudeen-led faction misappropriated N500million belonging to the IPMAN.
Dada has stated that: “they misappropriated about N500 million during their tenure because  they made about N10 million per month from all of the unnecessary  levies which are illegal collection which were not accounted for.
During the fuel scarcity period, government did not increase the price of petroleum, it was their administration that increased the price  in their own capacity to the rate of N110 per litre which is very wrong, the government didn’t tell them to increase it.
We had enough of the product in Mosimi depot so, whenever there is scarcity, they used that opportunity to hike the fuel price so as to enrich their pockets which was not good on the masses.
We are going to call on the Economic Financial Crimes Commision (EFCC) to probe them because they embezzled the unnecessary levies that were paid to them,”
However, Tajudeen said the delegate meeting they are holding is to sensitize the members on the forthcoming election scheduled to hold on October 15, 2014, having being elected into office in 2010.
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