IPMAN reconstitutes Board of Trustees, plans diversification

By Michael Eboh

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.