Shell Energy Entrepreneurs banner Yudala banner
FG yet to release N413bn subsidy —Fuel Marketers

By News Express on 13/11/2015

Share on facebook Yahoo mail icon Gmail icon

Views: 1,442


Some accredited oil subsidy marketers on Thursday said the failure of Federal Government to release the approved N413 billion subsidy debt was disrupting their fuel importation schedule.

The marketers made their feelings known in an interview with the News Agency of Nigeria (NAN) in Lagos.

They said that they were concerned that the money had not been released one week after the approval was granted.

The marketers alleged that the delay was affecting loading activities at depots and had led to the shutting down of some filling stations due to non-availability of petroleum products.

The spokesperson for the marketers, who pleaded for anonymity, stated that “Government, through the Central Bank of Nigeria, has not released any subsidy claims as promised.

“As I am talking to you we have been directed by the CBN to go and meet the Debt Management Office for clarification.

“All our efforts to get the said money have been in vain and to start importing has been a serious problem.

“There is no money to back up the cheques presented to the marketers.

“We do not even know the basis for the clarification of the cheques, but we are aware that there is no money in the account.

“It is like giving the marketers cheques only to discover that there was no money in the account.

“Nothing like importing now because all marketers are angry because of the failed promised.” The market said “If you go outside Lagos you know how much they are selling fuel per litre now, it is the last stock that we are selling now.

“It is unfortunate that the Department of Petroleum (DPR) is saying that we are hoarding the products, which is not the truth.

“We have not collected a single coin from the money.

“If not the fact that some of the marketers are making some money from other products, how do you think we will be able to get anything for now?

“We have been summoned by DPR for a meeting this morning to settle the crisis; we are only managing what we have in stock at present.”

The Federal Government, had on November 3, approved the sum of N413 billion to petroleum products marketers as the outstanding payment for subsidy claims. (NAN)

•Photo shows President Buhari.

Source News Express

Posted 13/11/2015 04:53:30 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Corruption & incompetence: EX-MILITANTS DRAW BATTLE-LINE, tell Jonathan...

TUC, NLC spit fire over shooting, killing of...

Police bans use of siren by unauthorised persons...

Kano grants wheat farmers N100m loan

Keyamo, 29 others approved as SANs

Railway workers identify factors hindering effective services

Dangote trains South East block makers on proper...

Diaspora Security Forum suggests solution to recurrent Kaduna...

Atiku, Obasanjo hold secret meeting in Abeokuta

Health Professionals begin indefinite nationwide strike on Monday...

Enugu Electoral Commission gets N310m for LG polls...

Mother of murdered aide of Abia Governor’s son...

 

Latest News Remember the poor and give back to the society, Akpabio charges politicians •Promises more constituency projects PAMO University begins admission of students, activates website Killer herdsmen unmasked Police, Army launch manhunt for Niger Delta militants who kidnapped 5 oil workers 2019: Ministers, Nnamani, Kalu launch Buhari’s South West campaign office Federal Polytechnic Kauran Namoda issuing fake results, says Senior Staff Association Phone thieves burn 12-year-old boy Fulani killings: Group berates APC governors, says visit to Benue belated Presidency defends appointment of NIA DG, says he’s qualified for the job NBA seeks justice for victims of herdsmen attacks Ukah chides Oshiomhole over threat to install APC governor in Delta State Talks to end US government shutdown end in deadlock

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (316,049 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (306,367 views) Shameless Genevieve Nnaji exposes breasts in public (245,433 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (201,718 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (190,321 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (179,719 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (155,810 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (140,176 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (136,233 views) Lagos plane crash: Journalist releases victims’ names (124,711 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (122,021 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (119,091 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,854) Business Verdict (32) Columnists (792) Complaints & Requests (94) Enterprise & Opportunities (200) Entertainment (431) Features (541) Global Business Monitor (222) International (1,751) Interviews (139) Live Commentary (28) Love Matters (100) News (32,054) Opinion (868) Pidgin (10) Politics (4,363) Religion (667) Sports (1,408) Stock Watch (26) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

Thierry Henry in Lagos Nigeria

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!