• 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 Business News

IPMAN may suspend operations in Anambra over N900 million debt owed by Anambra Govt

Caleb Obiowo by Caleb Obiowo
December 29, 2023
in Business News, Energy, Sectors
IPMAN Wants FG To Decentralize Petroleum Products Loading
Share on FacebookShare on TwitterShare on Linkedin

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has threatened to suspend its operations in Anambra State over the failure of the Anambra State Government to pay contractors the sum of N900 million owed them for supplying Automotive Gas Oil (AGO) to power streetlights before they were stopped. 

This announcement was made by Mr Chinedu Anyaso, Chairman of the IPMAN, Enugu Depot Community in charge of Anambra, Ebony, and Enugu States, in Awka on Friday.  

Anyaso explained that after the Anambra State Government had stopped and terminated the contract to supply AGO to power street lights, it subsequently directed the marketers to return all the generators in their custody, with which the contractors complied.  

RelatedStories

NUPENG threatens nationwide strike over violent attack on workers in Kaduna

IPMAN suspends strike after Lagos Govt agrees to talks on N12,500 e-call up levy for Lekki-Epe trucks 

June 18, 2025
NMDPRA bans 60,000-litre fuel tankers from depots to curb accidents  

E-call up dispute: IPMAN warns N12,500 truck fee may trigger petrol price hike in Lagos 

June 17, 2025

He said that even after the generators in the custody of the IPMAN members that were contacted by the state government for the project were returned, the Chukwuma Soludo-led administration was yet to fulfill its bid by paying the N900,664,805 debt it owed the contractors.  

According to Anyaso, this has caused the marketers that were contracted to be heavily indebted to their lenders and caused distress to their businesses due to the trapped capital.  

More Details  

Anyaso further stated that IPMAN had written the Anambra government to inform it that they had met the conditions set for them to pay the marketers their money. 

He said that the Anambra government was yet to respond to the demands of the IPMAN general assembly concerning the diesel supplied and services rendered in respect of street lights.  

A copy of the titled “Request For Debt Payment of N900,664,805.00 owed our members for Diesel supplied and Services Rendered in Respect Of Street Lights”, and  addressed to the Commissioner for Local Government, Chieftaincy and Community Affairs reads:  

  • “We refer to your response on the above subject, dated Nov. 3 on the report of some vendors that are yet to return some of the Government-owned generator sets allotted to them for the street lights projects. 
  • “Be informed, Sir, that all the generators have been fully returned to the Government. 
  • “We, therefore, humbly request that the debt payments owed our members for diesel supplied and services rendered be treated and paid as promised,” it said.  

Follow us for Breaking News and Market Intelligence.
Tags: IPMAN
Caleb Obiowo

Caleb Obiowo

Caleb Obiowo is a graduate of Urban and Regional Planning from the University of Uyo. At Nairametrics, he covers transport and logistics in Nigeria, along with real estate, construction, and aviation. He focuses on delivering clear, easy-to-understand stories and often digs deeper into industry issues through conversations with key players.

Related Posts

NUPENG threatens nationwide strike over violent attack on workers in Kaduna
Sectors

IPMAN suspends strike after Lagos Govt agrees to talks on N12,500 e-call up levy for Lekki-Epe trucks 

June 18, 2025
NMDPRA bans 60,000-litre fuel tankers from depots to curb accidents  
Sectors

E-call up dispute: IPMAN warns N12,500 truck fee may trigger petrol price hike in Lagos 

June 17, 2025
NUPENG threatens nationwide strike over violent attack on workers in Kaduna
Sectors

E-call-up dispute: IPMAN transporters to boycott Lekki-Epe corridor over N12,500 levy 

June 15, 2025
Nigerians are spending more on energy costs than they did a year ago
Energy

IPMAN urges filling station owners in Nigeria to implement stronger fire safety measures 

March 24, 2025
EFCC to Petrol Marketers: We test petrol to check illegal oil bunkering across Nigeria 
Legal & Regulations

EFCC to Petrol Marketers: We test petrol to check illegal oil bunkering across Nigeria 

March 23, 2025
BIG READ: Low patronage sparks fear of job losses for petrol stations  
Energy

Petrol marketers may sell to Nigerians in dollar if Naira-for-Crude issue is not resolved – IPMAN 

March 22, 2025
Next Post
Global market, NGX, stock market

"Global stocks poised for best year since 2019 as rate hike fears recede"-Report 

Leave a Reply Cancel reply

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

Emple
nlng
first bank








DUNS

Recent News

  • Nigeria’s top 10 stockbrokers by value of transactions in second quarter 2025 
  • Champion Breweries shares up 246.46% — How other beer companies are performing in 2025 
  • Rwanda reaffirms commitment to strengthening trade, aviation, and ICT ties with Nigeria 

Follow us on social media:

Recent News

Nigeria’s top 10 stockbrokers by value of transactions in second quarter 2025 

July 5, 2025
Champion Breweries Plc

Champion Breweries shares up 246.46% — How other beer companies are performing in 2025 

July 5, 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