Facts have emerged that major and independent marketers in the country are owing the Federal Government about N86.4bn as at July 2016.
According to reports, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, NNPC Retail, is among 22 other major and independent petroleum products marketing firms that are owing the federal government.
The report also indicated that the money being owed arose from products supplied to the marketers but yet to be paid for.
The NNPC Retail is said to be owing N22.56 billion, Oando, N25.05 billion, Forte Oil, N10.09 billion, Nigerian Independent Petroleum Company, NIPCO, N5.5 billion, Total Oil, N1.42 billion, Conoil, N1.3 billion and Mobil Oil, N276.95 million.
Similarly, among the indebted independent marketers are Master Energy owing N5.5 billion, MRS Oil & Gas, N3.997 billion, Heyden Petroleum, N2.7 billion, Danium Petroleum, N2.35 billion, A&E Petroleum, N1.89 billion, Rahamaniyya Petroleum N1.65 billion, Càpital Oil, N1.3 billion and Amicable Petroleum, N495.35 million amongst others.
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