Updated List of Oil Marketers Recommended For Criminal Investigation
Category: Oil Sector
October 23, 2012 / Federal Ministry of Finance
Please see below the updated list of oil marketers recommended for criminal investigation. The updated number is 25, four more than the list of 21 released earlier. The number has been confirmed by the Presidential Committee on Verification and Reconciliation of Fuel Subsidy Payments.
The table also includes a summary of the infractions which the committee confirmed were committed by the 25 firms. As the information shows, some of the companies claimed payments for consignments brought in by ships which investigations revealed were either non-existent or were somewhere else in the world!
Please find below extract of the report detailing the cases against the Twenty-Five (25) OM&Ts.