Published On: Tue, Jul 19th, 2016


Independent Petroleum Marketers Association of Nigeria, IPMAN, has announced the dissolution of its Board of Trustees and the appointment of new members to replace members of the dissolved Board. Speaking at IPMAN’s Extra-Ordinary General Meeting in Abuja, factional President of the association, Mr. Chinedu Okoronkwo disclosed that the decision to dissolve Board of Trustees and also suspend one of its past presidents, Mr. Aminu Abdulkadir, was due to alleged sharp practices purportedly perpetrated by the past president and some members of the Board.

Okoronkwo said the new Board would be saddled with the responsibilities of advising IPMAN executive on its business processes to ensure that marketers enjoy adequate supply of products and also guarantee unhindered supply of the commodity across the country. Following the dissolution of the Board, members of the association present at the meeting, constituted a new 21-member Board of Trustees, representing the 21 depots across the country.

Also, in a communiqué issued at the end of the meeting, the National Executive Committee (NEC) of IPMAN was mandated to evolve measures that will further aid the association in strengthening its stake in the downstream sector and diversify where necessary, while a vote of confidence was passed on the Chinedu Okoronkwo’s NEC. Continuing, the communiqué reads, “That the 2009 Amended Constitution be and is hereby amended to reflect changes in the composition f the Board of Trustees Automatic Succession Clause for the office of the National Vice President as enshrined   in Articles 20 and 22 of the 2009 Amended Constitution, in accordance with current realities.

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