Abuja - The federal government has concluded arrangements to pay refined products marketers about N45 billion after the verification of their claims by the Ministry of Finance.
According to a release from the Ministry of Finance, payment will be made once the verification of claims is completed.
The statement signed by Paul Nwabuikwu, Special Adviser to the Minister of Finance and the Coordinating Minister of Economy Dr. Okonjo-Iweala, said the information was necessary to satisfy all the enquiries coming in with regards to the status of payment to the oil marketers.
The release quoted the Minister as saying that the verification was deemed necessary to ensure that the federal government is not held liable in the event of any litigation between the banks and their marketers, following the institution of the new procedure by Office of the Attorney General.
“Only marketers whose claims have been cleared after they have gone through the verification processes are paid.
“This is to ensure that the unpleasant experiences of the recent past with regard to wrong and irregular payments are not repeated.
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