Nigeria’s Ministry of Finance has released the sum of N48,085,299,281.50 billion as payments to 26 oil marketers to cover verified subsidy claims, Paul C Nwabuikwu, Special Adviser to the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, confirmed this evening .

“Before this latest payment, a total of N192,502,279,966.50 billion in verified claims had been settled this year,” Nwabuikwu said in an announcement in Abuja, capital of Nigeria.

“This means that, so far in 2013, total payments made to oil marketers stand at N240,587,579,248.00,” he added.

Below are details of the latest payments.

Serial Number

Oil Marketer

Batch Number

1.

AITEO ENERGY RESOURCES LIMITED

D/13

2.

ASCON OIL COMPANY LIMITED

D/13

3.

CONOIL PLC

D/13

4.

DEE JONES PETROLEUM & GAS LTD

D/13

5.

DOZZY OIL AND GAS LIMITED

D/13

6.

FORTE OIL PLC

D/13

7.

FRESH SYNERGY LTD

D/13

8.

GULF TREASURES LIMITED

D/13

9.

INTEGRATED OIL AND GAS LIMITED

D/13

10.

IPMAN INVESTMENT LTD

D/13

11.

MASTERS ENERGY OIL AND GAS LIMITED

D/13

12.

MOBIL OIL NIGERIA NIGERIA PLC

D/13

13.

NIPCO PLC

D/13

14.

OANDO PLC

D/13

15.

RAINOIL LIMITED

D/13

16.

SAHARA ENERGY RESOURCES LIMITED

D/13

17.

SWIFT OIL LIMITED

D/13

18.

TECHNO OIL LTD

D/13

19.

TOTAL NIGERIA PLC

D/13

20.

BOVAS & COMPANY

E/13

21.

HEYDEN PETROLEUM

E/13

22.

MRS OIL NIGERIA PLC

E/13

23.

RAHAMANIYYA OIL AND GAS LIMITED

E/13

24.

OBAT OIL & PETROLEUM LTD

E/13

25.

SHORELINK OIL AND GAS SERVICES LIMITED

E/13

26.

LINETRALE OIL SUPPLY & TRADING COMPANY LTD

B/12E

Payments of Subsidy Claims to Oil Marketers (July 15, 2013):

Total Amount Paid: N48,085,299,281.50

•Photo shows Okonjo-Iweala.

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