Pulse.ng logo

Pulse Infographics How 22 oil marketing firms owe Nigeria N86.4 billion

The debts cover distribution of fuel products to a host of firms over the past ten years

  • Published: , Refreshed:
How 22 oil marketing firms owe Nigeria N86.4 billion play

How 22 oil marketing firms owe Nigeria N86.4 billion

The debts are in respect of products allocated to the firms by the pipelines PPMC, for distribution over the last 10 years

Major marketers

Mobil Oil – N276.95m

Conoil – N1.3bn

Total Oil – N1.42bn

NIPCO – N5.5bn

Forte Oil – N10.09bn

Oando – N25.05bn

NNPC retail – N22.56bn

Independent marketers

Amicable Petroleum – N495.35m

Capital Oil – N1.3bn

Rahamaniyya Petroleum – N1.65bn

A&E Petroleum – N1.89bn

Danium Petroleum – N2.35bn

Hayden Petroleum – N2.7bn

MRS Oil & Gas – N3.997bn

Master Energy – N5.5bn

Other marketers

Zamson Petroleum - N3.06m

Sharon Oil – N3.8m

Felande Petroleum – N8.4m

Azman Oil – N19.35m

Ascon Petroleum – N20.04m

DM Kurfi – N36.11m

Honeywell Oil – N40.96m

Aito Petroleum – N426.4m

Some of the ‘alledged’ indebted billionaires

Wale Tinubu (Oando PLC) – N25.05bn

Femi Otedola (Forte Oil) – N10.05bn

Mike Adenuga (Conoil) – N1.3bn

Ifeanyi Uba (Capital Oil) – N1.3bn

*The allocation of products to the firms was under the intervention bulk allocation arrangement and intervention truck distribution to marketers by the NNPC marketing and distribution subsidiary from its Suleja, and other products depots across the country.

Data: ICiR

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.