The intervention of the Nigerian National Petroleum Corporation (NNPC) to avert the crisis looming in the Liquefied Petroleum Gas (LPG) market, better known as cooking gas market, has failed following the refusal of the key stakeholders to sign the communiqué reached at a recent reconciliatory meeting, ThisDay reports.
It was gathered that the reconciliatory meeting was held on May 9, 2017 at the office of the Managing Director of the Nigerian Products Marketing Company (NPMC), a subsidiary of the NNPC, located at the corporation’s Towers in Abuja.
A source privy to the meeting said at the weekend that the meeting, which was presided over by the NPMC’s Executive Director in charge of Commercial, Sir. Billy Okoye, was attended by officials of the marketers of cooking gas, under the aegis of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) and the Nigeria Liquefied Petroleum Gas Association (NLPGA).
NALPGAM had asked a Federal High Court sitting in Lagos for an injunction restraining the individuals parading themselves as the executive and council members of the NLPGA from doing so, pending the determination of the substantive suit.