Finance Pays N192.5 Billion Verified Claims to Marketers in 2013

[FMFNigeria]

  Finance Pays N192.5 Billion Verified Claims to Marketers in 2013            News Release.  June 17, 2013

 

In line with the continued commitment of the Federal Ministry of Finance to manage fuel subsidy payments in a transparent and efficient manner that protects and enhances the interests of the Nigerian people, below is a list which details the current status of payments in respect of 2013 verified claims by marketers as at June 10, 2013.

Please note that the Federal Ministry of Finance makes payments based on batches of claims as submitted by the Petroleum Products Pricing Regulatory Agency (PPPRA).

NO. OF COMPANIES: 19

NO. OF CLAIMS:         39

 

S/No        NAME OF OIL MARKETER                   NO. OF CLAIMS

1    AITEO ENERGY RESOURCES LIMITED                           1

2    ASCON OIL COMPANY LTD                                               2

3    A-Z PETROLEUM PRODUCTS LIMITED                           2

4    BOVAS & COMPANY                                                          1

5    FOLAWIYO ENERGY LIMITED                                           3

6    FORTE OIL PLC                                                                  2

7    GULF TREASURES LIMITED                                             1

8    INTEGRATED OIL AND GAS LIMITED                              3

9    MASTERS ENERGY OIL AND GAS LIMITED                    2

10    MOBIL OIL NIGERIA PLC                                                 2

11    NIPCO PLC                                                                        3

12    NORTHWEST PETROLEUM & GAS LTD                         3

13    RAHAMANIYYA OIL AND GAS LIMITED                          3

14    RAINOIL LIMITED                                                              1

15    SAHARA ENERGY RESOURCES LIMITED                     3

16    SHORELINK OIL AND GAS SERVICES LIMITED            2

17    SWIFT OIL LTD                                                                  1

18    TECHNO OIL LTD                                                              2

19    TOTAL NIGERIA PLC                                                        2

Total:  N56,806,010,752.45                    

 

In addition, earlier in the year, a total of N135,696,269,214.05 was paid to Oil Marketers in respect of verified 2011 and 2012 arrears.  Thus, the total amount paid to Oil Marketers so far in 2013 is N192,502,279,966.50.

 

Paul C Nwabuikwu

Special Adviser to the Coordinating Minister for the Economy and Minister of Finance

 



Via: Federal Ministry of Finance (FMF) Nigeria