FG, oil marketers agree on settlement of unpaid claims

The Federal Government and petroleum marketers have agreed on
the settlement of outstanding claims and assured that operations at
all depots and sales will continue until further notice. This was
disclosed by Mr. Paul Abechi, Special Assistant on Media and
Communications to the Minister of Finance, Mrs. Zainab Ahmed.

The resolution was contained in a statement jointly signed by
officials of the Federal Government and representatives of the
petroleum marketers after a joint meeting yesterday in Abuja.

According to him, the petroleum marketers expressed satisfaction
over the arrangement being made by the Federal Government to settle
their claims and assured the members of the public of availability
of petroleum products.

He said that the meeting which was held at the Ministry of
Finance in Abuja, had in attendance senior government officials
from the Ministry of Finance, the Debt Management Office (DMO), the
Nigerian National Petroleum Corporation (NNPC) and the Central Bank
of Nigeria (CBN). Others present were officials from the Budget
Office of the Federation, the Office of the Accountant-General of
the Federation and the Petroleum Products Pricing Regulatory Agency
(PPRA).

Also in attendance on the part of the petroleum marketers were
representatives from the Depot and Petroleum Products Marketers
Association (DAPPMA), Major Oil Marketers Association of Nigeria
(MOMAN) and Independent Petroleum Marketers Association of Nigeria
(IPMAN). Abechi said: “The DAPPMA, MOMAN and IPMAN with the Federal
Government delegation meeting held at the Ministry of Finance in
Abuja on Thursday, agreed that operations at all depots and sales
will continue until further notice. “After a meeting held today
(Thursday) with senior government officials from the Ministry of
Finance, the DMO, NNPC, CBN, the Budget Office of the Federation,
the Office of the Accountant-General of the Federation and the
PPPRA, we are satisfied with the arrangements being made by the
government to settle the claims of petroleum marketers.

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