Business activities have been grounded at NNPC Depot, Apata Ibadan.
This follows a disagreement between the Management and Independent Petroleum Marketers Association of Nigeria, IPMAN over the newly introduced mode of payment for the marketers.
Radio Nigeria gathered that all trucks belonging to major marketers that were to lift fuel from the depot this morning were prevented by IPMAN members.
According to chief of staff to IPMAN Chairman in Oyo State, Chief Adebayo Adeyemo, the new mode of payment method was cumbersome and exploitative and capable sending many of them out of the business.
The members insisted that until the new mode of payment was reversed, business activities would continue to be at a standstill.
He however called on the government to prevail on the NNPC management to revert to the old method to prevent scarcity of petroleum products in the southwest of the country.
As at the time of filing in this reports, all efforts to speak with the NNPC management proved abortive.
Olukemi Akintunde
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