FG pays N192.5bn verified claims to oil marketers in 2013

The Ministry of Finance on Monday said it has so far paid a total of N192.5 billion verified claims to oil marketers in 2013.

About N56,806,010,752.45 has been paid to 19 companies with 39 claims as at June 10 while earlier in the year a total of N135,696,269,214.05 was paid to oil marketers in respect of verified 2011 and 2012 arrears.

This brings the total payments for verified claims so far in the year to N192,502,279,966.50.

The Federal Ministry of Finance makes payments based on batches of claims as submitted by the Petroleum Products Pricing Regulatory Agency (PPPRA).

In a statement, the ministry said the payments have been made in line with its continued commitment to manage fuel subsidy payments in a transparent and efficient manner that protects and enhances the interests of the Nigerian people.

The list of companies that details the current status of payments in respect of 2013 verified claims by marketers as at June 10, 2013 was also released in the statement.