Earlier reports in the media appeared to suggest that a looming Fuel shortage was in the offing because oil marketers who had approached the CBN (Central Bank of Nigeria) for payments for product lifted, had returned empty handed because the Finance Ministry was yet to remit the recently approved sum of N161billion meant for oil subsidy payments to the apex bank.

A few marketers had been quoted as saying that they were told by the CBN that the subsidy account was virtually empty. But in a press release just made available to us from the Finance Ministry, Dr Ngozi Okonjo Iweala who oversees the economy has swiftly moved to refute the allegations. She noted that the sum for subsidy payments had since been made to the CBN and processes of transaction are responsible for the apparent delay.

http://www.ekekeee.com/fear-not-we-have-paid-up-okonjo-iweala-says-subsidy-payments-have-been-made/