October 23, 2012 / Federal Ministry of Finance

In line with the commitment of the Federal Ministry of Finance to manage fuel subsidy payments in a transparent manner that protects and enhances the interests of the Nigerian people, below are two tables which detail the current status of payments on verified claims by marketers.

[Please note that the Federal Ministry of Finance makes payments based on submitted batches by the Petroleum Products Pricing Regulatory Agency (PPPRA).]

TABLE 1:              

LATEST PAYMENTS MADE BY THE FEDERAL MINISTRY OF FINANCE TO OIL MARKETERS IN 2012 AGAINST 2012 CLAIMS   

NO. OF COMPANIES: 24
 NO. OF CLAIMS: 43

S/NO.    NAME OF OIL MARKETER

1.            ASCON OIL COMPANY LIMITED (3 Claims)               

2.            BODEJ INVESTMENT LIMITED (1 Claim)               

3.            BOVAS AND COMPANY LIMITED (2 Claims)               

4.            CHANNEL OIL AND PETROLEUM LIMITED (1 Claim)               

5.            DEE JONES PETROLEUM AND GAS LIMITED (1 Claim)               

6.            DOZZY OIL AND GAS LIMITED (1 Claim)               

7.            FIRST DEEP WATER DISCOVERY LTD (1 Claim)               

8.            FOLAWIYO ENERGY LIMITED (1 Claim)               

9.            HEYDEN PETROLEUM LIMITED (1 Claim)               

10.          HONEYWELL OIL & GAS LIMITED (1 Claim)               

11.          INTEGRATED OIL & GAS (1 Claim)               

12.          MASTERS ENERGY OIL AND GAS LTD (1 Claim)               

13.          MOBIL OIL NIGERIA NIGERIA PLC (3 Claim)               

14.          MRS OIL & GAS LIMITED (1 Claim)               

15.          NIPCO PLC (4 Claims)               

16.          OANDO PLC (2 Claims)               

17.          RAHAMANIYYA OIL & GAS (3 Claims)               

18.          RAIN OIL LIMITED (5 Claims)               

19.          SAHARA ENERGY RESOURCES LIMITED (2 Claims)               

20.          SHORELINK OIL AND GAS SERVICES LIMITED (2 Claims)               

21.          SWIFT OIL LIMITED (1 Claim)               

22.          TECHNO OIL LIMITED (3 Claims)               

23.          TOTAL NIGERIA PLC (1 Claim)               

24.          ZALEX ENERGY RESOURCES LIMITED (1 Claim)    

                Grand Total:  N78,899,342,509.65

*Some claims were settled before substantive implementation of the Aig-Imoukuede Committee’s Report which led to the suspension of payments of all 2012 claims to oil marketers under investigation for serious infractions.   
        

Please note that of the total amount of N78.9 billion paid so far under this category, N34.6 billion was paid on Wednesday, August 22, 2012 following a thorough process of claims verification. This is in line with the commitment of the Federal Ministry of Finance to continue the payment of marketers whose papers have been processed and cleared.

                                                                    TABLE 2:                          

PAYMENTS MADE BY THE FEDERAL MINISTRY OF FINANCE TO OIL MARKETERS IN 2012 AGAINST 2011 ARREARS.                              

                S/NO     NAME OF OIL MARKETER

                1              ACORN PLC

                2              AITEO ENERGY RESOURCES

                3              AMG PETRO-ENERGY LIMITED

                4              ANOSYKE GROUP OF COMPANIES

                5              ASCON OIL COMPANY LIMITED

                6              AX ENERGY LIMITED

                7              A-Z PETROLEUM

                8              BAYWOOD CONTINENTAL LIMITED

                9              BRITANIA .U. NIGERIA LIMITED

                10           CAADES OIL & GAS LIMITED

                11           CAH RESOURCES ASSOCIATED LIMITED

                12           CAPITAL OIL & GAS INDUSTRY LTD

                13           CARNIVAL ENERGY OIL & GAS LTD

                14           CEOTI LIMITED

                15           CHANNEL OIL & GAS SVS

                16           CONOIL PLC

                17           CRUST ENERGY LIMITED

                18           DEE JONES PETROLEUM & GAS LIMITED

                19           DOWNSTREAM ENERGY SOURCE LTD

                20           DUPORT MARINE LIMITED

                21           ECO-REGEN LIMITED

                22           ETERNA OIL & GAS PLC

                23           EURAFIC OIL & COASTAL SERVICE  LIMITED

                24           FARGO PETROLEUM & GAS LIMITED

                25           FIRST DEEP WATER DISCOVERY LIMITED

                26           FOLAWIYO ENERGY

                27           FORTE OIL PLC

                28           FRADO INTERNATIONAL LIMITED

                29           FRESH SYNERGY LIMITED

                30           GEACAN ENERGY LIMITED

                31           HEYDEN PETROLEUM LIMITED

                32           HONEYWELL OIL & GAS LIMITED

                33           IBAFON OIL LIMITED

                34           INTEGRATED OIL & GAS

                35           KNIGHT BRIDGE OIL

                36           LLYODS ENERGY LIMITED

                37           LOTTOJ OIL & GAS LIMITED

                38           MASTERS ENERGY OIL & GAS LIMITED

                39           MATRIX ENERGY LIMITED

                40           MOB INTEGRATED SERVICES

                41           MOBIL OIL NIGERIA NIGERIA PLC

                42           MOMATS OIL & GAS LIMITED

                43           MRS OIL & GAS CO. LIMITED

                44           MRS OIL NIGERIA PLC

                45           MRS OIL NIGERIA PLC

                46           NADABO ENERGY LIMITED

                47           NASAMAN OIL SERVICES LIMITED

                48           NATICEL PETROLEUM LIMTIED

                49           NIPCO PLC

                50           NORTHWEST PETROLEUM & GAS CO LTD

                51           OAKFIELD SYNERGY NETWORK LTD

                52           OANDO NIGERIA PLC

                53           OBAT OIL & PETROLEUM LIMITED

                54           OIL BATH NIGERIA LIMITED

                55           ORIGIN OIL & GAS LIMITED

                56           PETROL TRADE ENERGY LIMITED

                57           PHOENIX OIL COMPANY LIMITED

                58           PINNACLE CONTRACTOR LIMITED

                59           PINNACLE OIL & GAS LIMITED

                60           PRUDENT ENERGY & SERV. LTD

                61           RAHAMANIYYA OIL & GAS LIMITED

                62           RAINOIL LIMITED

                63           ROCKY ENERGY LIMITED

                64           RYDEN OIL LIMITED

                65           SAHARA ENERGY RESOURCES LIMITED

                66           SEA PETROLEUM & GAS COMPANY LTD

                67           SHORELINK OIL & GAS LIMITED

                68           SIFAX OIL & GAS COMPANY LIMITED

                69           SIRIUS ENERGY RESOURCES LIMITED

                70           SOMERSET ENERGY SERVICES LIMITED

                71           TECHNO OIL LIMITED

                72           TONIQUE OIL SERVICES LIMITED

                73           TOP OIL & GAS DEVELOPMENT LIMITED

                74           VALCORE ENERGY LIMITED

                75           VENRO ENERGY LIMITED

                76           VIVENDI ENERGY NIGERIA LIMITED

                77           XALON PETROLEUM LIMITED

                78           ZALEX ENERGY RESOURCES LIMITED

                79           ZAMSON GLOBAL RESOURCES LIMITED                               

                                TOTAL AMOUNT SETTLED: N259,339,041,657.85