CASH CRUNCH: Reject Funds Transfers, Suffer Sanctions, NMDPRA Warns Fuel Stations


NMDPRA – Nigerian Midstream and Downstream Petroleum Regulatory ...

Poised with the big stick, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) intends to sanction fuel stations rejecting the use of Point of Sale (PoS) machines or bank transfers for transactions by cash-strapped customers.

In a statement on Thursday in Abuja, Nigeria’s Federal Capital Territory (FCT), by the General Manager, Corporate Communications and Stakeholders Management, NMDPRA, Mr. Kimchi Apollo, the organisation frowned at such by the fuel retail outlets.

“It has come to the attention of the NMDPRA that some retail outlets are not accepting the use of POS machines at their fuelling stations due to the recent cash crunch brought about by the new Naira design.

“The authority frowns at this recent behaviour which is causing untold hardship for Nigerians at a time when all hands should be on deck to assist the government in the transition to the new Naira,” Apollo said.

Consequently, he directed all retail outlets to ensure the free use of PoS and bank transfer for the sale of petroleum products to alleviate the suffering of customers.

He said that the NMDPRA and security agencies would be at retail outlets to enforce compliance with the directive, warning that defaulters would be sanctioned.

He stressed the NMDPRA’s commitment to ensuring quality services in the sale and distribution of petroleum products in the country.


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