Fuel marketers confirm receipt of N236bn promissory notes

Petroleum products marketers Monday, have confirmed that they have started collecting the N236 billion promissory notes for their outstanding subsidy debts.

The Executive Secretary, Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Olufemi Adewole, said in an interview (Premium Times) that marketers began to collect the payments on Friday.

“I can confirm to you government made good its promise to deliver promissory notes to marketers on Friday. Our members have been collecting it. We appreciate government’s gesture, especially the president, who stepped in to ensure the matter was resolved amicably speedily,” he said.

The payment is an implementation of the federal government’s promise to pay them latest last Friday.

The Federal Government had promised the oil marketers that a payment of N236 billion as the first tranche of the outstanding N348 billion subsidy claims by the Major Oil Marketers Association of Nigeria (MOMAN) and the Depot and Petroleum Products Marketers Association (DAPPMA) will be paid.

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