• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, July 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • 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

Large-cap Stock Drives Local Bourse To N180bn Gains

Equities Extend Losing Streak As Capitalization Drops By N150bn

1 hour ago
Seplat Energy Appoints Ezugworie COO

Seplat Energy Drives Media Entrepreneurship, Empowers 50 Journalists

1 hour 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.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: IPMAN
SendShareTweetShare
Previous Post

China’s Strides In Space Technology Inspire Young Nigerians

Next Post

Kaduna Electric Seeks Improved Customers’ Response Bills Payment

Nse Anthony - Uko

Nse Anthony - Uko

You May Like

Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Equities Extend Losing Streak As Capitalization Drops By N150bn

2025/07/02
Seplat Energy Appoints Ezugworie COO
Business

Seplat Energy Drives Media Entrepreneurship, Empowers 50 Journalists

2025/07/02
Dangote’s 650,000bpd Refinery 97% Completed – NMDPRA
Business

Stakeholders Gear Up For Inaugural Gas Safety Conference To Secure Growing Sector

2025/07/02
C&I Leasing Posts Net Profit Of N1.6bn In 2024
Business

C&I Leasing Posts Net Profit Of N1.6bn In 2024

2025/07/02
Mobile Phone Subscribers Shrink 30% As SIM-NIN Policy Takes Effect
Business

SIM Swap, Registration Temporarily Halted As Telcos Migrate To New NIMC System

2025/07/02
Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director
Business

Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director

2025/07/01
Leadership Conference advertisement

LATEST

Benue Crisis And The Aftermath Of Tinubu’s Visit

Equities Extend Losing Streak As Capitalization Drops By N150bn

Seplat Energy Drives Media Entrepreneurship, Empowers 50 Journalists

Stakeholders Gear Up For Inaugural Gas Safety Conference To Secure Growing Sector

C&I Leasing Posts Net Profit Of N1.6bn In 2024

ALTON Announces Disruption In SIM Services Amid NIMC Platform Switch

Dantata Laid To Rest In Madinah, Dangote, Others Bid Farewell

The Political Economy Of Tax Reform

River Basin Allocates N9bn For Niger In 2025 Plan

Africa Unites Against Colonial Legacy As Senate Hosts Diplomatic Forum

© 2025 Leadership Media Group - All Rights Reserved.

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

© 2025 Leadership Media Group - All Rights Reserved.