The Independent Petroleum Marketers Association of Nigeria, IPMAN, has issued a seven-day ultimatum to the Nigerian Midstream and Downstream Petroleum Regulatory Authority to fulfil the payment of bridging claims amounting to N100bn.

IPMAN therefore threatened to withdraw services if the amount was not paid to them before the deadline.

This move follows the NMDPRA’s failure to clear the debt, despite promises made 40 days ago in the presence of the National Security Adviser, Nuhu Ribadu, stressing that if unresolved, the situation could lead to a nationwide scarcity of Premium Motor Spirit nationwide.

The Chairman of the IPMAN Depot Chairmen Forum, Yahaya Alhasan, disclosed this during a press conference in Abuja on Monday.

Reading a communique, Alhasan expressed frustration over the NMDPRA’s failure to settle the bridging claims, despite repeated assurances, as the claims, which date back to 2024, were deducted from marketers’ payments for products to settle bridging allowances.

Alhasan said, “If NMDPRA doesn’t pay our money within seven days, we are going to withdraw our services across the nation.”