These Oil Marketers Just Received N41bn In Oil Subsidy Payments

The Federal Government on Thursday released the sum of N41.074bn as fuel subsidy payment to 27 oil marketers.

A statement issued by the Special Adviser on Communications to the Minister of Finance, Mr. Paul Nwabuikwu, confirmed the payment.

The statement said the claims of the marketers had been successfully verified before the payments were made.

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It noted that the ministry would continue to ensure transparency and accountability in the management of the fuel subsidy regime.

According to the statement, some of the marketers that benefitted from the payment are A-Z Petroleum Products Limited, Acorn Petroleum Plc, Aiteo Energy Resource Limited, Ascon Oil and Gas Company Limited and Avidor Oil and Gas Company.

Others are Conoil Plc, Dee Jones Petroleum and Gas Limited, Dozzy Oil and Gas Limited, Folawiyo Energy Limited, Gulf Treasures Limited, Hudson Petroleum Limited, Hyde Energy Nigeria Limited, Ibafon Oil Limited and Masters Energy Oil and Gas Limited.

The other beneficiaries are Matrix Energy Limited, Mobil Oil Nigeria Plc, MRS Oil and Gas Company Limited, Nepal Oil and Gas Limited, NIPCO Plc, NorthWest Petroleum and Gas Limited, Oando Plc, Obat Oil and Gas, Rainoil Limited, Shorelink Oil and Gas Limited, Techno Oil Limited, Tempogate Oil and Energy Limited and Total Nigeria Plc.

Source: Punch