We’ll pay your claims without delay, Okonjo-Iweala assures oil marketers

The Coordinating Minister of the Economy and Minister of Finance, Ngozi Okonjo-Iweala on Friday said that oil marketers who do not have a case to answer after the on-going verification exercise will be paid their entitlements without any delay.


The Coordinating Minister of the Economy and Minister of Finance, Ngozi Okonjo-Iweala
Speaking at a meeting with oil marketers in Abuja, Mrs Okonjo- Iweala said that the verification process is a necessary prerequisite in sanitizing the oil and gas sector.

“We will continue to pay and make good on our words as the verification process by the Aig-Imoukhuede’s committee continues,” she said

The Minister said that the verification process is being expedited “to make sure that there are no undue delays and that marketers who make it through this process are paid the monies that are due them.”

On their part, some major oil marketers in the country have assured Nigerians of the availability of petroleum products in the country.

The General Manager of Folawiyo Energy ltd, Dipo Makanjuola said that his company supports the verification process and will continue to support government’s efforts to ensure steady supply of petroleum product in the country.

“The amount we have that is outstanding, we’ve all agreed with her (Minister of finance) and we are all basically on the same page. We hope that subsequently we can move from there and continue to support government in this challenge,” he said.

The Chief Operating Officer of Oando plc, Yomi Awobokun, who also said his company supports the verification exercise said since the process is slow, some “miscreants have taken advantage of this exercise and good intentions to ensure that they make a quick bulk enhance the queues that you see on the road.”