“Fuel stations caught hoarding products will lose their landed property”

GistReel

The government of Edo State has warned fuel stations and dealers against hoarding their petroleum products following subsidy withdrawal. This warning from the Edo government comes after news of hikes in fuel prices and long queues at fuel stations surfaced online a few hours after President Tinubu announced the removal of subsidy on fuel. Edo Gov. warns fuel station owners. Photo credit: Google In a statement released by Osaigbovo Iyoha, the Chief of Staff to Governor Godwin Obaseki to fuel stations hoarding their petroleum products, he said; “The attention of Edo State Government has been drawn to the unscrupulous attempt by petrol dealers in the state to hoard fuel and create artificial scarcity and price hike. As a responsible government that cares for its citizens, we shall resist this economic sabotage by every legal means possible. To this end, all petrol stations are ordered to immediately resume sales of the products to Edo people or risk immediate closure, and possible revocation of their property to enable others who want to do legitimate and respectful business in Edo State to come and invest,” the statement said. It added that the government cannot continue to allow extortion of Edo people in whatever guise, warning that “a word is enough for the wise.”  

Kaduna residents cooperate with petrol stations, drivers for cash

Naira Scarcity: Kaduna residents cooperate with petrol stations, drivers for cash

Due to the scarcity of Naira notes across Nigeria, Kaduna State residents have resorted to petrol stations and commercial drivers for assistance.

Naira Scarcity: Kaduna residents cooperate with petrol stations, drivers for cash

According to the News Agency of Nigeria, people are seeking cash to meet their urgent needs since most banks’ ATMs in the city have run out of cash and POS operators have shut down for the same reason. As a result, individuals are flocking to fuel stations that accept cash payments for fuel purchases rather than electronic transfers. Reports revealed that individuals in need of cash are reaching an agreement with fuel buyers. They pay for the fuel electronically and receive cash in exchange from the buyer. People who were interviewed at one of the filling stations said that this arrangement provided relief to many individuals who had been experiencing severe hardships. “I got wind of this arrangement today and went to a petrol station dispensing fuel, talked to a commercial bus driver, and he accepted to help me.
“We agreed that I should pay N7,000, through the station’s PoS, being the cost of his fuel, which I did.
“When it was his turn to be dispensed of the fuel, I presented the N7,000 slip, and collected the cash from him in return; it was a big relief to me as I had no cash on me.
“The major challenge is that it is not everything that can be purchased through electronic transfer of money; there are some needs that can only be satisfied using liquid cash”, said Adamu Saleh, a resident.