• About Us
  • Home
Monday, March 27, 2023
Shaka Momodu
  • Right Of Reply
  • News
  • Politics
  • Business
  • OpEds
  • Sports
No Result
View All Result
  • Right Of Reply
  • News
  • Politics
  • Business
  • OpEds
  • Sports
No Result
View All Result
Shaka Momodu
Home Business

FG Orders NMDPRA to Punish Oil Marketers Ripping off Consumers

by News Reporters
2 months ago
in Business, News
0 0
0
FG Orders NMDPRA to Punish Oil Marketers Ripping off Consumers
Share on FacebookShare on Twitter

The federal government has ordered the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to punish oil marketers who are ripping off consumers by raising petrol prices nationwide.

After President Muhammadu Buhari’s FEC meeting on Wednesday, Timipre Sylva, minister of state for petroleum resources, answered journalists’ queries.

Sylva, echoing INEC chairman Mahmood Yakubu, vowed that the present petrol shortage will not hinder poll operations.

He stated everyone would help supply the commodity.
We are very unhappy about this. Everyone plays. “As I indicated earlier, the ministry of petroleum is not in control of all the elements that lead to scarcity, such as forex troubles and other issues,” he said.

“But today, there is supply, but sadly, we are facing some difficulties with the distribution and movement of the product to various locations for now.

“NNPC Limited, NMDPRA, and marketers are doing everything.

“Everyone is working to fix this situation. Today, INEC briefed us and told us that NNPC will supply petroleum products to INEC without a difficulty. It won’t effect the election.”

Sylva also accused oil dealers of profiteering.

He promised to punish the guilty.

“We have complaints of marketers profiteering, and I have asked NMDPRA to prosecute anybody who profiteers in this kind of situation,” the minister stated.

“We cannot let marketers exploit our citizens. I gave that directive, however I don’t know if it worked.

I don’t know how far that directive was implemented. If so, I’ll repeat that order. We’re not ignoring it.”

Sylva claimed his ministry’s surveillance agency could only operate legally.

Laws exist. You know. This democracy has laws. “They can’t break the law,” he replied.

Regulators cannot break the law. Thus, only legal mechanisms can implement these regulations.

“I will direct NMDPRA further to guarantee that nobody profiteers on Nigerian citizens.”

Sylva said the council authorized N117 billion for the Oloibiri Oil and Gas Museum and Research Centre.
“Council has granted a contract for the construction of the Oloibiri Oil Museum and Research Center to Messrs Julius Berger PLC at N117 billion and 30 months,” he stated.

It’s been a long time coming. President Shehu Shagari lay the foundation stone in the early 1980s.
So, this is a big milestone and is likely to be Mr. President’s legacy in the Niger Delta.

Previous Post

Kogi Governor’s Wife Arraigned by EFCC for N3bn Fraud

Next Post

Next Post

Leave a Reply Cancel reply

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

NEWS AROUND

  • OPINION | Dodgy Elections, Democracy and Divorce, By Dakuku Peterside

          Nigerian elections and Nigerian […]

  • Bandits Attack Kaduna Community, Kill Pastor, Several Others

    By Sam Kayode   Suspected Fulani bandits have […]

  • Anambra North 2023: Call Nwoye Now, Group Tasks Senator Oduah

    By Ogochukwu Isioma  The Initiative for Better […]

  • PHOTO: Oyeagwu, Zenith Bank GMD, Bags Doctorate Degree at UNN

    The post PHOTO: Oyeagwu, Zenith Bank GMD, Bags […]

  • REBUTTAL | Araraume and Purported Imo Guber Contest under Labour Party, By Uche Anyanwu

      The attention of Senator Ifeanyi Araraume has […]

  • Inciting Comments: Atiku Hails UK, Says DSS ‘Must’ Arrest Fani-Kayode

    (PRESS STATEMENT) The Presidential candidate of […]

  • OPINION | If I Were Tinubu-3: — setting a Tinubunomic’ agenda, By Segun Adeleye … (l)

      ‘When the righteous are in authority, the […]

  • Meningitis: Avoid Overcrowded, Poorly Ventilated Areas, Doctor Cautions Nigerians

    Chioma Ofoekii, a medical practitioner, has […]

  • Tuberculosis: Ignorance, poor environment leading cause of disease – Expert

    Despite the availability of its effective cure, […]

  • PDP, Adebutu Desperate to Compromise Election Materials, APC Warns INEC

    By News Agency of Nigeria The All Progressives […]

  • About Us
  • Home

© 2022 THIS REPUBLIC By Shaka Momodu

No Result
View All Result
  • Right Of Reply
  • News
  • Politics
  • Business
  • OpEds
  • Sports

© 2022 THIS REPUBLIC By Shaka Momodu

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
Go to mobile version