The Independent Petroleum Marketers Association of Nigeria, IPMAN, has made a fervent appeal to Governor Chukwuma Soludo for the settlement of a hefty N900 million debt owed to contractors. This debt arises from the supply of Automotive Gas Oil (AGO) utilized for powering streetlights before the supply was abruptly halted. Chinedu Anyaso, the Chairman of IPMAN Enugu Depot Community, encompassing Anambra, Ebony, and Enugu States, conveyed this plea in Awka on Friday.
Anyaso emphasized that the state’s marketers may be compelled to cease operations without prior notice if the outstanding debt remains unsettled. The accumulated debts have placed an immense strain on the marketers’ financial resources, impeding their businesses and causing distress due to immobilized capital. IPMAN has formally notified the Anambra government of the fulfillment of conditions required for the settlement of the outstanding dues.
A letter addressed to the Commissioner for Local Government, Chieftaincy, and Community Affairs, titled “Request for Debt Payment of N900,664,805.00 owed our members for Diesel supplied and Services Rendered in Respect Of Street Lights”, emphasizes the association’s eagerness for a prompt response. It also clarifies the return of all government-owned generators originally allocated for the street lights projects and reiterates the urgent need for settling the outstanding debts owed to their members.
This developments mark a critical juncture in the interaction between IPMAN and the Anambra government, setting the stage for potential business disruptions if an amicable resolution is not reached promptly. The impact of these developments extends beyond the local landscape, signifying the ripple effects of financial disputes on crucial sectors such as energy supply and infrastructure maintenance.
As the global community observes these unfolding events, the resolution of this financial impasse will not only determine the immediate fate of IPMAN’s operations but also serve as a barometer for the broader implications of debt resolution within the energy and infrastructure domains. The swift and equitable resolution of this matter stands as a paramount necessity, underscoring the interconnectedness of financial obligations and operational stability within the energy sector. NAN
