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Indicted Marketers’ll Not Be Paid Subsidy Claims — FG - Politics - Nairaland

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Buhari Seeks Approval To Pay N413b Subsidy Claims / Fuel Scarcity: FG Pays N156bn Fuel Subsidy Claims To Marketers / Marketers To Suspend Fuel Importation Over N356.2bn Unpaid Subsidy Claims (2) (3) (4)

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Indicted Marketers’ll Not Be Paid Subsidy Claims — FG by Idokojimmy: 3:04pm On Aug 16, 2012
The Federal Government has said indicted oil marketers will not be paid subsidy claims. It also dismisses threats of strike by marketers.

The current scarcity of petroleum products in some parts of the country, particularly the Federal Capital Territory, has been blamed on the refusal of the marketers to lift products due to the decision of the Federal Government to withhold further subsidy payments.

The government said in a statement issued on Tuesday by the Senior Special Assistant to the Coordinating Minister for the Economy and Minister of Finance, Mr. Paul Nwabuikwu, that it had been discharging its responsibilities to marketers whose claims had been verified.

Nwabuikwu said, “The claim by some marketers that they have embarked on strike because the Federal Government has failed to pay them for fuel imports is not accurate.

“The true position is that the Federal Government has been meeting its obligations to oil marketers in respect of all legitimate claims.

“For instance, between April and May 2012, batches D/12 and E/12 involving 14 oil marketers with a claim of N17bn were fully settled through the issuance of Sovereign Debt Notes and other relevant documentation.
“In addition, since the directive by the Coordinating Minister to the Debt Management Office to continue payments of all verified claims, N25.6bn worth of claims have been fully settled with the issuance of Sovereign Debt Notes. In all, between April and August this year, in respect of 2012 PMS claims, Sovereign Debt Notes amounting to N42.666bn have been issued to 31 oil marketers.”
He, however, said claims by marketers who had been recommended for further investigation by the Aig-Imoukhuede Presidential committee had not been paid.
Payments or sanctions to this category of marketers, according to the statement, will be determined by the outcome of investigations.
Nwabuikwu further said, “Against this background, it is clear that the strike was instigated mainly by marketers who were indicted by the Aig-Imoukhuede committee, which investigated fuel subsidy payments.
“Their obvious intention is to blackmail the Federal Government in order to escape sanctions for the crimes they have committed. Nigerians should not be deceived by their antics. Such tactics will not succeed because the Federal Government is determined to ensure that persons and organisations, which did wrong things, do not get away with wrong actions and wrong behaviour.”
He gave an assurance that payment of marketers whose claims had been verified would continue in a consistent and structured way that would protect the best interests of the country.
“All marketers who have genuine issues to raise regarding their claims are encouraged to come forward for discussions or clarifications,” he said.
Long fuel queues resurfaced in most filling stations in Abuja and it environs due to the non-payment of subsidy claims to the indicted oil marketers by the Federal Government.
The News Agency of Nigeria reported that there were long queues of vehicles in some filling stations in Abuja on Wednesday, while other filling stations were locked.
The Major Oil Marketers Association of Nigeria and Independent Petroleum Marketers Association of Nigeria had earlier warned that there would be fuel scarcity if their claims were not paid.
http://www.punchng.com/business/business-economy/indicted-marketersll-not-be-paid-subsidy-claims-fg/
Re: Indicted Marketers’ll Not Be Paid Subsidy Claims — FG by 1800bc(f): 4:56pm On Aug 16, 2012
So what is gonna happen to the fuel queues all over?

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