ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, September 19, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Federal Govt Pays N103bn Bridging Funds To Oil Marketers In 8 Months – NMDPRA

by Nse Anthony - Uko
3 years ago
in Business
Oil Marketers
Share on WhatsAppShare on FacebookShare on XTelegram

The federal government has disclosed that it paid oil marketers a total of N103.03 billion in the past eight months as bridging cost for the transportation of petrol across the country.

Advertisement

The government’s clarification came two days after the Northern Forum of the Independent Petroleum Marketers Association of Nigeria, IPMAN, threatened to withdraw their services citing huge debts owed to its members by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA).

Recall that IPMAN had on Monday, announced the commencement of 3-day withdrawal of services as warning strike by their members.

It also declared withdrawal of their long heavy duty vehicles from the nine depot’s in the 19 Northern states of the country following failure of the NMDPRA to settle their  over N70 billion outstanding bridging claims despite all pleas and lobbies

But NMDPRA in a statement in Abuja explained that the payment of bridging claims was a continuous process, disclosing that a meeting has been held with the group to resolve the issue.

Related News

‎Compound Group Unveils Subsidiaries, Marks First Anniversary With Exclusive Offers

15 minutes ago

JUST-IN: Dangote Refinery Halts Product Sales To Unregistered Marketers

8 hours ago

“Previous engagements and today’s meeting addressed issues regarding bridging claims and other matters. The Authority would like to reiterate that payment of bridging claims is an ongoing process and payments are disbursed as it is received from Marketers.

“It should be noted that The Authority has disbursed a total of N103,037,183,922.91 Naira between December 2021 to August 2022.

“Following the extensive deliberations between the parties, The Authority further commits to fast-track the settlement of all outstanding claims when received from marketers after due verification and reconciliation. NIPMF has agreed to work with the NMDPRA to ensure free flow of petroleum products nationwide”, it added.

The spokesman of the forum, who is also the financial secretary of IPMAN, Alhaji Abdulkadir Mustapha,  at a press conference held at the IPMAN Maiduguri office had said:” We the members of IPMAN wish to clarify the air on our resolution to embark on three days withdrawal of services, as a warning strike action.

“For years, we have been following up the matter and lobbying the management of the NMDPRA regarding our unsettled bridging claims button.”

He had stated that a little  payment was made  less than five per cent of the total debts owed by the authority, adding that, the worst if it all, is that no payment was made for the year 2022 while claims for 2019, 3020 and 2921 are still unpaid.

“Though, some few payments has been made which is lesser than five per cent of our claims, but greater part of the claims had not been settled. Moreso, no payment had been made with regards to this year’s claim and year 2019/2021 still remain unpaid.

Join Our WhatsApp Channel

Tags: IPMAN
SendShare10172Tweet6358Share

Other News Updates

Business

‎Compound Group Unveils Subsidiaries, Marks First Anniversary With Exclusive Offers

2025/09/19
Business

JUST-IN: Dangote Refinery Halts Product Sales To Unregistered Marketers

2025/09/19
Business

Akwa Ibom Looks Beyond Oil, Targets Agric Products For Export

2025/09/19
Business

Equities Extend Gains, Up By N144bn

2025/09/19
Business

Global Aircraft Manufacturer Bombardier Endorses Dangote Refinery

2025/09/19
Business

Nigerian Aviation Regulator Fines Kenya Airways For Consumer Rights Violation

2025/09/19
Leadership Conference advertisement

LATEST

NCAA Accuses Qatar Airways Of Detaining Nigerian Passenger On False Allegation

Tinubu Visits Late President Buhari’s Family In Kaduna

‎Compound Group Unveils Subsidiaries, Marks First Anniversary With Exclusive Offers

NITDA, NGF Review DPI, Data Exchange Drafts To Enhance Digital Governance

Amotekun Corps Arrests 51 Suspected Criminals In Ondo

Iwobi Drums Support For ‘Operation Feed Your Local Government’ Initiative

STEM Africa Fest Empowers 3,000 Kids With Hands-on STEAM Learning In Lagos

FCT Minister Wike Approves Medical Doctors’ Demands To End Strike

Edo South Senator Imasuen Reiterates Senate’s Commitment To Varsity Funding

Fayose Meets Aregbesola After Quitting PDP, Eyes ADC Move

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.