In a notice circulated today by the office of the Finance Minister and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, the government stressed that the updated number is 25, four more than the list of 21 released earlier. The information, in a table format, was extracted from a report.
“The Presidential Committee on Verification and Reconciliation of Fuel Subsidy Payments has confirmed the number,” the notice said.
“As the information shows, some of the companies claimed payments for consignments brought in by ships, which investigations revealed were either non-existent, or were somewhere else in the world!” the government said.
While most of the companies were cited for a single infraction each, some of them had several. They include:
• Capital Oil & Gas Industry Limited, which has five infractions totalling almost $8.9 billion;
• Matrix Energy Limited, five infractions totalling $6.23 billion; and
• Nassaman Oil Services Limited, four infractions totalling $3.86 billion.
The full list is as follows:
Please find below extract of the report detailing the cases against the Twenty-Five (25) OM&Ts.