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Published On: Wed, Jan 28th, 2015

Petroleum Equalization Fund pledges uninterrupted payment of marketers’ claims

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By Etuka Sunday with agency report

The Petroleum Equalization Fund (PEF) has resolved to pay marketers claims for transportation of refined petroleum products on a constant and continuous basis.

The decision, said PEF, in a statement on Tuesday, “was the outcome of the January 26, 2015 meeting with its Management Board, the National Association of Road Transport Owners (NARTO), attended by the executives of Petroleum Drivers Union (PTD), with the Executive Secretary of the Major Marketers Association of Nigeria (MOMAN) and representatives of the Petroleum Products Price Regulatory Agency (PPPRA) and Nigerian National Petroleum Corporation (NNPC) Retail.

“It was noted that due diligence had been concluded on all manual claims and those found not to have met the minimum requirements for processing payment are yet to be returned to the concerned marketers. All those that passed the minimum requirement tests have been processed and paid”.

The PEF, according to the statement, presented evidence to confirm the dedication of the board staff to their duties even on weekends and public holidays.

It stressed that the board would “ensure uninterrupted and improved service delivery provision always. However, any complaints shall be looked into and appropriate sanctioned applied.”

It said that efforts had been made to communicate new policies and guidelines to marketers, as board further pledged to improve on its communication strategy with all stakeholders.

The statement noted: “The Board informed members that there are currently five tagging teams operating at different sites of Lagos (two), Ibadan, Enugu and Kaduna. And to date a total of about 13,600 trucks had been tagged nationwide, with a 2-D encrypt code imprinted on the body of petroleum tankers.

“PEF(M)B and NARTO/PTD pledge to meet monthly on committee level with MOMAN on a quarterly basis to quickly resolve any and all issues to remove imputation that may impact negatively on our relationship

“The Meeting was attended by S.A. Oladiti, National Chairman PTD, Ayoola Sadiku, National Vice President NARTO, Executive Secretary MOMAN, Obafemi Olawore, NNPC Retail Representative, Tafida A.T and PPPRA Representative, Prince Ishaku Abner”.

 

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