“Oil Marketers Received N103 Billion Bridging Claims In 9 Months” -FG

The federal government has said that it paid oil marketers a total of 103,037,183,922.91 billion Naira bridging claims within nine months.

This was disclosed on Tuesday by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) at the end of its meeting with the Northern Independent Petroleum Marketers Forum (NIPMF) and the officials of the Nigerian National Petroleum Corporation Limited (NNPC Ltd.), held in Abuja.

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The News Agency of Nigeria (NAN) recalls that the forum had threatened to embark on withdrawal of services due to accumulated unpaid bridging claims.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) across nine Northern states on Monday began a 3 days warning strike over accumulated unpaid bridging claims.

The NMDPRA, in a statement, said it would do everything possible to settle all outstanding claims after due verification and reconciliation.

It emphasised that payment of bridging claims was an ongoing process and payments were disbursed as they were received from marketers.

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“The meeting is in line with NMDPRA mandate to collaborate with industry stakeholders in ensuring uninterrupted supply of Premium Motor Spirit (PMS) throughout the nation.

“The meeting addressed issues regarding bridging claims and other matters.

“NIPMF has agreed to work with the NMDPRA to ensure free flow of petroleum products nationwide,” the authority said.

The NMDPRA affirmed that it would continue to carry out its mandate as stipulated in the Petroleum Industry Act (PIA), aimed at promoting and ensuring continuous and efficient operations of the Midstream and Downstream sector in Nigeria.

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