FG orders arrest of marketers who hoard petrol

The Federal Government has ordered security agencies to arrest petroleum marketers who purposely hoard products to create the artificial scarcity currently being experienced.

This is even as oil marketers have been warned to desist from hoarding the product or risk being arrested by industry regulators who have been detailed for enforcement.



The order was disclosed by the Nigerian National Petroleum Corporation (NNPC) in a statemnet issued on Monday in Abuja.

NNPC spokesman, Ndu Ughamadu, who signed the statement said that the warning followed the uncovering of 144 oil tankers filled with petroleum products in Kano.

According to him, government has intervened in an industrial action embarked upon by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) over labour disputes with NECONDE Energy Services Ltd.


“NNPC warns marketers not to hoard products as law enforcement agencies, working with industry regulators, have been detailed to take appropriate measures against any defaulter.
“The Corporation further assures that there are enough petroleum products to keep the nation wet,” Ughamadu said.


He urged motorists and other consumers of petroleum products to resist the temptation to go into panic buying.

“NNPC wishes to state that relevant government agencies are in consultation with industrial unions to arrive at an amicable resolution of issues over which there are threats of industrial action,” he said.