Nigeria pays oil marketers N41bn

Ngozi Okonjo-Iweala.

Ngozi Okonjo-Iweala.

Nigeria’s Federal Government on Thursday paid N41billion to 27 oil marketers whose claims had been verified for fuel subsidy reimbursements.

Mr Paul Nwabuikwu, the Special Adviser on Media to the Minister of Finance, Dr Ngozi Okonjo-iweala, unveiled the recipients in a statement in Abuja.

The marketers are A-Z Petroleum Product, ACORN Petroleum, AITEO Energy Resources, ASCON Oil and Gas Company, AVIDOR Oil and Gas Company, Dee Jones Petroleum Gas and CONOIL.

Others are Dozzy Oil and Gas, Folawiyo Energy, Gulf Treasures, Hudson Petroleum, Hyde Energy, Ibafon Oil, Master Energy Oil and Gas and Matrix Energy.

Others are Mobil Oil Nigeria, MRS Oil and Gas Company, NEPAL Oil and Gas Service, and NIPCO, Northwest Petroleum and Gas, and OANDO.

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The others are OBAT Oil and Gas Services, Rainoil, Shorelink Oil and Gas Services, Techo Oil, Tempogate Oil and Energy Company and Total Nigeria.

The statement further stated that the amount was the latest payment made on verified claims from the marketers.

“The marketers identified received a total of N41. 07 billion

“The information is provided in continuation of the ministry’s focus on transparency and accountability in the management of the subsidy regime,’’ it said.