• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Energy

Oil marketers reveal they are working with EFCC to fight distribution of illegally refined petroleum products

Chike Olisah by Chike Olisah
July 23, 2022
in Energy
Oil theft: Nigerian Navy's vigilance saves over N71.8 billion in oil assets from April 2022 - June 2023

Crude oil theft (Image credit: Getty image)

Share on FacebookShare on TwitterShare on Linkedin

Oil marketers under the aegis of the Independence Petroleum Marketers Association of Nigeria (IPMAN) have announced their collaboration with the Economic and Financial Crimes Commission (EFCC) in the fight against sales and distribution of illegally refined and adulterated products.

This is coming over 5 months after the petroleum sector was hit with the importation of adulterated fuel into the country causing fuel scarcity in some major cities across the country.

This was made known by the Chairman, IPMAN, Enugu Depot Community in charge of Anambra, Ebonyi and Enugu state, in Awka on Saturday.

RelatedStories

efcc

Witness testifies in EFCC’s alleged N1.9bn fraud case against Works Ministry Director, Surveyor 

May 17, 2025
EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says

EFCC warns: Nigerian youths in rat race for fraudulent wealth 

May 16, 2025

Anyaso said the leadership of IPMAN in Southeast had met with the Enugu Zonal Office of EFCC with a view to exploring areas of collaboration, adding that such adulterated products were gradually finding their way into filling stations and the association would not allow the unhealthy development to continue.

He said the leadership of IPMAN had zero tolerance for the distribution of illegally refined products because of its sabotage effect on the economy and would work with all relevant agencies including the EFCC to combat the crime.

What IPMAN top official is saying

Anyaso said that the marketers have put in efforts to make petroleum products available at the cheapest possible prices and would as well ensure that customers were protected from the distribution of unwholesome products which would harm their vehicles and machines.

  • The IPMAN Chairman who attributed the increasing sales and distribution of illegally refined products to artificial scarcity and price hike, however, noted that the association would guard against such occurrences.
  • He said, “We are seeking collaboration from all stakeholders, specifically, we will partner with the EFCC to tackle the menace of extraction, sale and distribution of illegal petroleum products in the zone.
  • “These illegal products are not just sabotaging the national economy, they damage cars and machines with great risk to the health and safety of those who use them.
  • “We hope that with the support we get from the EFCC, we will be able to achieve this goal.’’

What you should know

  • Recall that earlier in February the Nigerian Midstream and Downstream Petroleum Regulatory Agency (NMDPRA) and the Nigerian National Petroleum Company (NNPC) Limited, had attributed the fuel scarcity in some major cities across the country to the importation of adulterated fuel from Belgium by some marketers into the country

Follow us for Breaking News and Market Intelligence.
Tags: EFCCIndependence Petroleum Marketers Association of NigeriaIPMAN
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

Related Posts

efcc
Business News

Witness testifies in EFCC’s alleged N1.9bn fraud case against Works Ministry Director, Surveyor 

May 17, 2025
EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says
Business News

EFCC warns: Nigerian youths in rat race for fraudulent wealth 

May 16, 2025
EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says
Breaking News

EFCC removes foreign national, Ellie Bitar, from CBEX crypto fraud investigation wanted list  

May 14, 2025
EFCC, NOUN, Sunflower Hotel
Legal & Regulations

Alleged N3.1bn fraud: Ex-Governor Gabriel Suswam seeks no-case ruling as EFCC concludes case again 

May 14, 2025
EFCC, NOUN, Sunflower Hotel
Business News

Alleged Corruption: Group cautions EFCC against becoming political witch-hunts tool in Nigeria

May 11, 2025
FCT High Court, Benjamin Joseph, zinox
Financial Services

System Glitch: Court orders final forfeiture of N1.2bn stolen by individuals from Nigerian bank 

May 11, 2025
Next Post
Standard Chartered launches Smart Business Loan (SBL)

StanChart to suspend using naira debit card for international spending from August 1st

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

nlng
Zenth Bank
Emple
first bank
Zenth Bank








DUNS

Recent News

  • Exchange rate gap widens as official closes at N1,599/$1, parallel N1,635/$1 
  • Access Bank reports N289 billion in mortgage loans, 2.3% of loan portfolio 
  • Weekly Market Wrap: Consumer Goods sector shines as All-Share Index firms above 109,500, ends in the green 

Follow us on social media:

Recent News

Naira , dollar, exchange rate

Exchange rate gap widens as official closes at N1,599/$1, parallel N1,635/$1 

May 18, 2025
Access bank

Access Bank reports N289 billion in mortgage loans, 2.3% of loan portfolio 

May 18, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics