The signs that the worsening fuel scarcity may last longer than expected came clear Wednesday when Major Oil Marketers Association of Nigeria (MOMAN), importers and storage companies said the federal government was yet owing them more than N200 billion ($1 billion) in subsidy payments.

The members of MOMAN, which include Total SA, Oando Plc, Forte Oil Plc and Exxon Mobil Corp’s local unit, are owed about 40 per cent of that amount as at the end of March, with more costs incurred since then, the executive secretary, MOMAN, Thomas Olawore, Stated.

This revelation has led to the chaos in the oil industry which has had ripple effect in other sectors of the economy.

The traffic snarl caused by the legion of tankers seeking to load petroleum product in Apapa for instance has caused incalculable discomfort to motorists in Lagos.

Yesterday, the Association of Nigeria Licence Customs Agents (ANLCA) said the nation was losing about N5 billion daily on account of the traffic lockdown on the Apapa-Oshodi expressway.

A “recent meeting” with the Coordinating Minister for the Economy and Finance Minister Ngozi Okonjo-Iweala “was not conclusive,” Olawore said in an interview in Lagos.

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http://monitor9ja.com/2015/05/oil-marketers-fg-owes-us-1-billion/

Also here

http://www.thisdaylive.com/articles/oil-marketers-fg-owes-us-1-billion/209290/

what is it with this people and .1B Dollars? thats the exact amount Amechi said he wants to steal.

buhari will pay all of you double that amount.