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

Its Chairman, Depot Chairmen Forum, Yahaya Alhasan, who gave the ultimatum during a press conference yesterday, threatened that his colleagues would withdraw their services if the N100b was not paid to them before the deadline.

This follows the failure of the Nigerian Midstream and Downstream Petroleum Regulatory Authority to clear the debt, despite promises made 40 days ago in the presence of the National Security Adviser, Nuhu Ribadu.