ADVERTISEMENT
The Sun Nigeria
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Home Business

Fuel scarcity: Fireworks over N74bn bridging claims payment

•You lied, marketers reply FG

4th July 2022
in Business
0
Halting importation of dirty fuel
0
SHARES
41
VIEWS
Share on FacebookShare on Twitter

By Adewale Sanyaolu

The current fuel scarcity being experienced in parts of the country may get messier in the coming weeks as  the Independent Petroleum Marketers Association of Nigeria(IPMAN) has described as false the claims by the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) that it paid about N74 billion in bridging claims to oil marketers.

NMDPRA had in a statement released last Wednesday by its General Manager, Corporate Communications, Kimchi Apollo, announced the payment of about N74 billion to oil marketers as bridging claims for past seven months.

“So far, the Authority paid N71,233,712,991 bridging claims and another N2,736,179,950.84 freight differentials to oil marketers as of June 6, 2022,” Apollo said.

He said the Authority’s attention was drawn to allegations made by the Independent Petroleum Marketers Association Nigeria (IPMAN), Suleja Branch) on product scarcity as a result of non-payment of bridging claims.

Apollo said the Major Oil Marketers Association of Nigeria (MOMAN) received N9.96 billion while IPMAN members were paid N42.30 billion.

He said NNPC Retails received N6.66 billion, while DAPPMAN members were paid N12.30 billion, which translated to a total of N73.97 billion.

He noted that the Chief Executive, NMDPRA, Farouk Ahmed, at a meeting on May 17 with IPMAN discussed bridging payment extensively during which the processes were explained and agreed upon.

But, reacting to NMDPRA N74 billion bridging claims payment, Secretary, Abuja-Suleja IPMAN, Mohammed Shuaibu, further disputed  NMDPRA claims and challenged its Chief Executive Officer(CEO), Farouk Ahmed, to reveal the names of the marketers the government paid the N74 billion as well as show documents to prove the claim.

Similarly, Shuaibu, National President of IPMAN, Mr. Debo Ahmed, in a telephone interview with Daily Sun yesterday equally faulted the N74 billion payment claims by NMDPRA.

According to him, the claim is bogus, saying NMDPRA may have made some payment but the N74 billion claim is contestable. He said the inability of the agency to settle outstanding bridging claims no doubt has contributed to the lingering fuel scarcity.

Rapheal

Rapheal

Related Posts

Breaking: Naira crashes to N710/$1
Business

Breaking: Naira crashes to N710/$1

27th July 2022
Glo most consistent data network in Nigeria - Beacon of ICT organisers
Business

Glo most consistent data network in Nigeria – Beacon of ICT organisers

27th July 2022
Yellen discusses price cap on Russian oil with UK's Zahawi - US Treasury
Business

Yellen discusses price cap on Russian oil with UK’s Zahawi – US Treasury

27th July 2022
Next Post
AMCON canvasses more women participation in financial services

Conflicting courts orders frustrating recovery process –AMCON

. . . Virus crisis puts EU credibility on the line, says France

EU earmarks €1.3bn to support Nigeria’s economic diversification efforts

We’ll overcome uncertainty, insecurity –Buhari

NDDC dedicates African Union’s award to Buhari

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Aboro Stool: Ibese residents protest “imposition of illegal monarch” by Ogun gov’t

2023: Kachikwu unveils Ahmed Buhari as running mate

Buhari appoints Kaura as OGFZA MD, Umahi as RMAFC Secretary

Glo most consistent data network in Nigeria – Beacon of ICT organisers

Kebbi declares Thu, Fri public holiday for voter registration

Kebbi: Absence of presiding judge in court stalls pre-election cases

Trending

ASUU Strike: Orji Kalu reinstates call on parties to end impasse
National

ASUU Strike: Orji Kalu reinstates call on parties to end impasse

27th July 2022
0

  Kenneth Udeh from Abuja The Chief Whip of the Senate, Senator Orji Uzor Kalu has one...

Customs arrests 4 suspects, intercepts 13 trucks of rice, donkey skin, others worth ₦7.432 billion

Customs arrests 4 suspects, intercepts 13 trucks of rice, donkey skin, others worth ₦7.432 billion

27th July 2022
Breaking: Naira crashes to N710/$1

Breaking: Naira crashes to N710/$1

27th July 2022
Aboro Stool: Ibese residents protest "imposition of illegal monarch" by Ogun gov't

Aboro Stool: Ibese residents protest “imposition of illegal monarch” by Ogun gov’t

27th July 2022
2023: Kachikwu unveils Ahmed Buhari as running mate

2023: Kachikwu unveils Ahmed Buhari as running mate

27th July 2022
ADVERTISEMENT

Follow us on social media:

Latest News

  • ASUU Strike: Orji Kalu reinstates call on parties to end impasse
  • Customs arrests 4 suspects, intercepts 13 trucks of rice, donkey skin, others worth ₦7.432 billion
  • Breaking: Naira crashes to N710/$1
  • Aboro Stool: Ibese residents protest “imposition of illegal monarch” by Ogun gov’t
  • 2023: Kachikwu unveils Ahmed Buhari as running mate
  • Buhari appoints Kaura as OGFZA MD, Umahi as RMAFC Secretary
  • Glo most consistent data network in Nigeria – Beacon of ICT organisers
  • Kebbi declares Thu, Fri public holiday for voter registration
  • Kebbi: Absence of presiding judge in court stalls pre-election cases
  • Akwa Ibom: Human rights lawyer Inibehe Effiong jailed for contempt of court
  • Akwa Ibom begins final process to resettle displaced natives
  • We need Peter Obi to rescue Nigeria – LP
  • Group threatens legal action over exclusion of Eket native from NDDC board
  • Fire at Port Harcourt Mall in Rivers State
  • BREAKING: Senators plan Buhari’s impeachment, stage walkout
  • Formulate policies on building collapse in Nigeria, surveyors urge FG
  • HAPPENING NOW: Body of Benchers holds call to bar for over 1,000 Lawyers
  • Sen Ekwunife charges new ministers on economic development, productivity
  • Alleged N109. 5bn fraud: Court to rule in suspended AGF, others bail Thursday
  • Ekiti Election: Tribunal grants Oni’s request for substituted service, inspection of materials

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • Change of Name
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.