National Wire About Nigerians, Nigerian Business and Other Stories
The Petroleum Equalisation Fund (Management) (PEF) Board has vowed to punish any oil marketer who engages in falsification of documents for the movement of petroleum products in the country.
Already, PEF has sanctioned 25 oil marketers for various offences aimed at defrauding the Federal Government through bridging claims. The offences ranged from changing of truck heads without getting clearance from the agency, and tampering of tags affixed on trucks to the presentation of trucks with water (instead of petrol) at receiving depots by these marketers.
Although bridging was meant to be a temporary solution until the refineries were producing at full capacity, but the state of the refineries had worsened over the years. In a copy of the guideline, if a marketer is confirmed to have tampered with the marking tag when defaced, removed, relocated, transferred, or re-positioned would lead to the suspension of the marketer for a period of three months.
