• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • 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
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • 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
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Business News Business

Soludo to meet with IPMAN over N900m debt claims

Deborah Dan-Awoh by Deborah Dan-Awoh
September 14, 2023
in Business, Business News
Anambra State Governor, Prof. Charles Soludo
Share on FacebookShare on TwitterShare on Linkedin

The Anambra State Government has decided to meet with the Independent Petroleum Marketers Association of Nigeria to address the N900 million in debt claim owed to contractors who supplied diesel for streetlight generators.

This is in response to (IPMAN)’s letter of appeal, Tony Collins Nwabunwanne, Commissioner for Local Government, Chieftaincy, and Community Affairs, announced that the government will meet with IPMAN’s leadership to reconcile the figures for settlement NAN news said.

Nwabunwanne assured that the government had noted IPMAN’s complaint and was committed to protecting their businesses.

MoreStories

FG refutes false claims of religious genocide in Nigeria  

FG designates kidnappers, militants as terrorists, deploys forest guards nationwide

December 22, 2025
Olubunmi Tunji-Ojo

FG declares December 25, 26 and January 1, 2026 as public holidays

December 22, 2025

However, he attributed the delay in payment to discrepancies in the contractors’ claims. He emphasized that the forthcoming meeting would facilitate the reconciliation of these discrepancies and pave the way for resolution.

  • ”I have invited the leadership of IPMAN for a meeting early next week for discussion, it is clear that they do not have the correct information on our dealings with the contractors, there are discrepancies.
  • “So, the meeting will enable us to reconcile these discrepancies and progress to the next step.
  • “The Gov. Chukwuma Soludo administration is a business-friendly one and will do all that is possible to support and help them stay in business,” he said.

Backstory

IPMAN had in the letter begged Gov. Chukwuma Soludo to pay members who were contractors to the Anambra government for the diesel they supplied to power streetlight generators in March and April 2022. IPMAN said the debt was to the tune of N900,664,805.

It revealed that the debt issue dated back to 2022 when the Anambra State government owed approximately 70 of its members.

The association’s letter, titled “Request for Debt Payment of N900,664,805.00 Owed Our Members For Diesel Supplied and Services Rendered in Respect of Street Lights,” outlined the specific timeline of the debt and the circumstances surrounding it.

According to IPMAN, its plea to Governor Soludo is aimed at alleviating the financial strain on its affected members, as they have been struggling to keep their businesses afloat.

Many of these marketers have faced liquidity crises, with their trading capital tied up with the government or loans obtained from banks becoming increasingly difficult to repay.

 


Follow us for Breaking News and Market Intelligence.
Tags: Gov. Chukwuma SoludoIPMAN
Deborah Dan-Awoh

Deborah Dan-Awoh

Deborah Dan-Awoh is a seasoned lifestyle analyst with a knack for storytelling. The focus of her work covers people, money and culture as it relates with business and economy. When she's not keeping tabs on the latest trends in lifestyle and finance- Deborah enjoys networking with industry experts to gain insight into major markets as it affects the populace

Next Post
Don’t Miss: Electricity employees asked to withdraw services on Wednesday, June 7 

Power Minister breaks silence on cause of national grid collapse 

Leave a Reply Cancel reply

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

rabafast

tajbank

access bank
nairametrics
first bank






DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • 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
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • 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
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2025 Nairametrics