₦airaland Forum

Oil marketers have said that the Nigerian National Petroleum Company Limited portal used to purchase petrol has been shut against dealers, making it impossible for them to apply for the commodity purchase.

They said marketers are still awaiting over 90 million litres of petrol from the state-owned company. This is valued at about N79bn.

The PUNCH recalls that amid marketers’ complaints over their inability to order petrol, the NNPC confirmed the shutdown of its purchasing portal to our correspondent last month, giving its reasons.

According to NNPC spokesperson, Olufemi Soneye, the company shut the portal due to a significant backlog.

Soneye explained that the shutdown became necessary to stop NNPC from holding marketers’ capital for too long.

“We have a significant backlog to address. The closure is intended to prevent us from holding marketers’ funds for an extended period,” Soneye had explained.

He, however, assured marketers that the portal would be reopened after the backlog had been reduced.

“It will be reopened once the backlog has been sufficiently reduced. We are working to address it as soon as possible,” he told our correspondent.

Marketers who spoke with our correspondent confirmed that NNPC was expediting actions to clear the backlogs as of the weekend.

Though NNPC did not disclose the value of the ‘huge backlogs’, independent marketers said they have over 2,000 tickets yet to be cleared with NNPC.

In an interview, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said the association is still waiting for the portal’s opening.

“They are on it, our marketers are still loading petrol from the NNPC. I can’t confirm the price now because the portal is still shut down.

“We have more than 2,000 tickets for 45,000 litres (of petrol). That is 45,000 multiplied by 2,000, you can now know the number of million litres it will be. This is just an estimate, you know I don’t work with NNPC and I don’t know what is on their system,” Ukadike stated.

He disclosed that a 45,000-litre truckload of PMS is around N39.5m, making N79bn when multiplied by 2,000.

The Petroleum Retail Outlets Owners Association of Nigeria also confirmed that its members could not access the NNPC purchasing portal.

PETROAN President, Billy Gillis-Harry, confirmed this in a phone conversation with our correspondent.

“The portal shutdown affects us too, we are all buying from NNPC,” he said briefly.

Meanwhile, the marketers noted that they have since been patronising private depot owners, who sell petrol to them at a premium.

This, they said, informed why the product is more expensive in their filling stations than in outlets owned by the NNPC and the major marketers.

Our correspondent gathered that the marketers usually bid for PMS through the NNPC portal.

According to them, payments will be made through the same channel while the marketer waits for months to get the product.

Independent marketers told The PUNCH that they paid for petrol but were not supplied after three months.

During an interview with The PUNCH in January, the National Vice President of IPMAN, Hammed Fashola, made a similar allegation which was denied by Soneye.

Fashola had asked the Federal Government to review the current distribution pattern to give priority to IPMAN members.

Fashola said, “We buy products from NNPC cash and carry. We don’t enjoy any credit facility with the NNPC. There are times when we pay for products, and you don’t get the products for two or three months. You have your money in the coffers of NNPC, which means they are trading with our money.

“If I am not exaggerating, we should be talking of over N300bn, when you consider the number of marketers all over Nigeria. Our money is always there, trapped, while we keep struggling to get fuel. The three days will turn into months if they don’t have products or they are out of stock, you have to wait, and your money will be there.”

At the moment, the marketers said they want to buy petrol directly from Dangote to ensure price parity.

Source: https://punchng.com/NNPC-portal-shutdown-delays-petrol-supply-Marketers

The Minister of Petroleum Mr Bola Ahmed Tinubu, who doubles as the super admin of the NNPCL Portal left for UK hospital without handing over....

This kind of impunity is what DOCILE society get when they allow the PRESIDENT to double as Minister of Petroleum as well as own Refinery in Malta, Agip and Oando...

DOCILE Citizens plus Part Time UK hospital Patient as President is equal to DEAD Society

thisisit:
The Minister of Petroleum Mr Bola Ahmed Tinubu, who doubles as the super admin of the NNPCL Portal left for UK hospital without handing over....

This kind of impunity is what DOCILE society get when they allow the PRESIDENT to double as Minister of Petroleum as well as own Refinery in Malta, Agip and Oando...

DOCILE Citizens plus Part Time UK hospital Patient as President is equal to DEAD Society

You have said it all!

APC is holding Nigeria hostage!

I think it’s time we tell ourselves the truth. NNPC should be sold and the proceeds donated to charity… if there’s any change/balance left after the donation, the rest should be flushed down the toilet.

Whats the difference between spending trillions on TAM that hasn’t achieved its goal and my suggestion up there?

We keep spending trillions on the refineries that haven’t refined a single barrel of even red or groundnut oil in decades.

Yeye dey smell.

mustyNEMESIS:
I think it’s time we tell ourselves the truth. NNPC should be sold and the proceeds donated to charity… if there’s any change/balance left after the donation, the rest should be flushed down the toilet.

Whats the difference between spending trillions on TAM that hasn’t achieved its goal and my suggestion up there?

We keep spending trillions on the refineries that haven’t refined a single barrel of even red or groundnut oil in decades.

Yeye dey smell.

And what is Tinubu doing about it?

NNPCL make una dey play

Only NNPC shut down their portal
Only NNPC fail to meet 7th production rollout
Only NNPC has officials who built another refinery in Malta......

You see NNPC MD Mele kyari and NNPC Minister Ahmed Tinubu, these two heartless people are the ones that has successfully brought Nigeria on her Knees

Many of these so call marketeers are criminality greedy.

They smuggle most of the fuel to neighboring countries and sell as fraction at criminally inflated price. They tempered with their meter to cheat Nigerian

NNPC too do.