Abuja - The Petroleum Equalisation Fund Management Board (PEFfMB) met with officials of the major marketing companies and depots in Abuja on Thursday to check fraudulent practices by marketers.
The General Manager, Corporate Services, PEFMB, Goddy Nnaji, said the meeting was aimed at discussing ways of sanitising the equalisation scheme.
Nnaji said the meeting deliberated on how to ensure that products were made available nationwide at government approved prices.
He said the meeting was also meant to check fraudulent practices by marketers, which led to revenue losses and improve security at the depots.
Nnaji expressed the board’s determination to ensure that only genuine marketers, who moved products and sold at approved prices were paid.
Executive Secretary Major Oil Marketer Association of Nigeria, Babafemi Olawore, pledged that the marketers would partner the board to sanitise the system.
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.