Oil marketers allegedly threaten to cut off fuel supply over N600bn debt by federal government

Oil marketers allegedly threaten to cut off fuel supply over N600bn debt by federal government

Sahara Reporters is reporting that Nigerian petrol depot owners and oil marketers have planned to shut down the nation's oil supplies from July 1, 2017.

Fuel scarcity looms

Fuel scarcity looms

NAIJ.com gathered that the oil marketers' alleged planned action follows the failure of the federal government to pay the N600billion owed them for providing fuel.

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The report comes just about two days after the Department of State Services (DSS) released the managing director of Capital Oil and Gas Limited Dr. Ifeanyi Ubah, a top oil marketer, from detention.

NAIJ.com had earlier reported that the DSS released the managing director of Capital Oil and Gas Limited Dr. Ifeanyi Ubah after six weeks in the custody of the secret police.

The oil magnate was released on Monday night, June 19, unconditionally by the DSS after his arrest following a rift he had with the Nigerian National Petroleum Corporation (NNPC).

Watch this NAIJ.com TV video of Nigerians lamenting bitterly over the fluctuating dollar rate which is affecting the prices of their goods

Source: Naij.com

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