Find list of Oil Marketers deemed to have collected subsidy funds illegally from the Federal Government. The Probe report indicates that they return these amounts:
S/N NAME OF MARKETER Amount
1. ACORN PLC N8,514.900,513.00
2. ALIMINNUR RESOURCES LTD N2,543,800,931.00
3. AMG PETRO-ENERGY LTD N7,226,773,136.00
4 ANOSKYE GROUP OF COMPANIES LTD N1,318,443,535.00
5. ASCON OIL AND GAS COMPANY N4,451,932,090.00
6. AVANT GARDE ENERGY N1,154,824,298.00
7. A-Z PETROLEUM N8,065,557,645.00 owned By Chika Okafor
8. CAH RESOURCES ASSOCIATION LTD N24,206,727.00
9. CONOIL PLC N3,027,526,589.00 owned Mike Adenuga
10. CRUST ENERGY LTD N1,192,651,581.00
11. DOWNSTREAM ENERGY SOURCE LTD N2,947,780,261.00
12. DOZZY OIL AND GAS LTD N1,587,298,801.00
13. DUPORT MARINE LTD N3,555,127,358.00
14. ECO-REGEN LTD N3,339,101,218.00
15. EURAFIC OIL AND COASTAL SERVICES LTD N3,868,147,024.00
16. FIRST DEEP WATER DISCOVERY LTD N932,207,739,.00
17. FRADRO INTERNATIONAL LTD N3,661,643.268.00
18. FRESH SYNERGY LTD N1,417,029,059.00
19. HEYDEN PETROLEUM N3,345,456,733.00
20. IBAFON OIL LTD N1,474,479,459.00
21. IMAD OIL &GAS LTD N2,701,002,852.00
22. INTEGRATED OIL & GAS N13,252,055,429.00
23. INTEGRATED RESOURCES LTD N1,166,486,995.00
24. IPMAN INVESTMENT LTD N7,538,586,178.00
25. KNIGHTS BRIDGE N1,685,869,439.00
26. UNETRALE OIL SUPPLY & TRADING CO. N1,213,903,930.00
27. UNGO OIL AND GAS COMPANY LTD N1,201,297,922.00
28. LLOYDS ENERGY LTD N4,370,512,172.00
29. LOTTOU OIL &GAS LTD N1,427,429,910.00
30 MAIZUBE PETROLEUM LTD N5,509,407,903.00
31. MATRIX ENERGY OIL & GAS LTD N11,211,040,786.00
32. MENOL OIL & GAS LTD N4,333,348,489.00
33. MOB INTEGRATED SERVICES N5,066,786,851.00
34. MOBIL OIL NIGERIA PLC N2,660,968,597.00
35. MUT-HASS N1,102,084,041.00
36. NADABO ENERGY LTD N2,660,902,801.00
37. NASAMAN OIL SERVICES LTD. N3,441,253,193.00
38. NATICEL PETROLEUM LTD N5,276,169,320.00
39. NEPAL OIL &GAS SERVO LTD N2,353,911,978.00
40. NIPCO PLC N7,838,353,057.00
41. OAKFEILD SYNERGY NETWORK LTD N988,920,219.00
42. OCEAN ENERGY N1,778,180,051.00
43 OILBATH NIGERIA LTD N1,019,644,138.00
44. ONTARIO NIGERIA LTD N4,248,727,148.00
45. ORIGIN OIL &GAS LTD N4,141,367,099.00
46. PETROTRADE ENERGY LTD N908,805,371.00
47. PHOENIX OIL COMPANY LTD N1,827,838,204.00
48. PRUDENT ENERGY & SERVICES LTD N1,360,898,638.00
49. RAINOIL LTD N1,266,773,492.00
50. ROCKY ENERGY LTD N1,620,110,167.00
51. RYDEN OIL LTD N451,150,983.00
52. SEA PETROLEUM & GAS CO. LTD N1,019,571,609.00
53. SEDEC ENERGY LTD N845,226,771.00
54. SETANA ENERGY LTD N2,791,264,070.00
55. SHEILD PETROLEUM CO. NIG. LTD N1,502,198,610.00
56. SIFAX OIL &GAS COMPANY LTD N3,589,063,041.00
57. SOMERSET ENERGY SERVICES LTD N2,172,206,037.00
58. STONEBRIGDE OIL LTD N1,784,158,258.00
59. SULPHUR STREAMS LTD N4,758,693,054.00
60. SWIFT OIL LTD N5,062,403,555.00
61. TAURUS OIL & GAS LTD N6,472,821,001.00
62. TECHNO OIL LTD N547,179,342.00
63. TONIQUE OIL SERVICES LTD N3,827,112,622.00
64 TOP OIL & GAS DEV CO. LTD N7,367,662,306.00
65. TOTAL NIGERIA PLC N1,931,075,306.00
66. VALCORE ENERGY LTD N8,709,548,082.00
67. VIVENDI ENERGY LTD N1,127,773,642.00
68. YANATY PETROCHEMICALS NIGERIA LTD N4,682,342,275.00
The office of the accountant-general of the federation (OAGF) should account for the sum of N213.678 billion, being total of excess payments made by it over and above what PPPRA identified as paid in 2009 and 2010. The OAGF is not only responsible for the accounts of the federation, including the PSF and domestic crude account, but refused to provide further details on the account when requested to do so during the public hearing.
The EFCC and ICPC should ensure that the office of the Accountant General of the Federation accounts for the over-recovery figures of N2.766 billion and N5.27 billion respectively. Conflicting figures for Nigeria National Petroleum Corporation NNPC had two sources of recovery of its subsidy as follows:
Direct deductions from domestic crude receipts accruable to the federation.
Payment by CBN through deductions from distributable revenues as per the federation account component statement.
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