30 May 2012

Nigeria: PEF Tags 10,000 Trucks On 'Project Aquila'

Lagos — The Petroleum Equalisation Fund Management Board says it has tagged over 10,000 trucks under its Project Aquila which started in the country last year.

The project involves electronic loading of petroleum products in depots to check malpractices on bridging claims by marketers.

Mr Goddy Nnadi, the General Manager, Customer Services of the company, who spoke with newsmen in Lagos, said PEF would give priority to marketers who had keyed into the project in terms of payment.

The electronic loading will guaranty accurate information on movement of petroleum products from one destination to the other. It will also help government in policy planning and analysis.

Nnadi said project Aquila will also ensure prompt payment of marketers' claims.

He disclosed that by the time the project is fully implemented, payment of bridging claims by marketers will take a maximum of two weeks.

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