Nigeria: A-Z Petroleum Seeks Recovery of N30bn Subsidy Debt From Federal Govt

11 August 2022
Leadership (Abuja)

A-Z Petroleum Products Ltd yesterday urged the House of Representatives to help in recovering N30 billion liabilities due to it from the Ministry of Finance, Budget and National Planning.

A representative of the firm, Hafford Udochukwu made the plea while appearing before the House ad hoc Committee investigating the daily consumption of petroleum.

Udochukwu said the federal government has a liability of N30 billion after the firm supplied 245.89 million litres of PMS in 2015, 26.27 million litres in 2017 and 26.64 million litres in 2018.

He stated that the government stopped payment in 2017 putting the company out of business.

"We have not been paid since 2017 because of that we stopped trading in PMS, we are being owed over N30 billion by the government for subsidy differentials and because of that, we have stopped trading."

"We have not been trading on PMS, we are kind of handicapped. Several times, we have written to the ministry, they have paid others but we have not been paid, in fact, we went to court two months ago.

"We are asking the committee to prevail on the Ministry of Finance so that they can pay us the outstanding," he said.

The chairman of the committee, Abdulkadir Abdullah in his ruling asked Mr Udochukwu to supply the committee with relevant documents to help in the intervention.

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