The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it disbursed a total of 103,037,183,922.91 billion Naira bridging claims to oil marketers between December 2021 and August 2022.
The authority disclosed this at the end of its meeting with the Northern Independent Petroleum Marketers Forum (NIPMF) and the Nigerian National Petroleum Corporation Limited (NNPC Ltd.) officials, on Tuesday in Abuja.
The News Agency of Nigeria (NAN) recalls that the forum had threatened to embark on withdrawal of services due to accumulated unpaid bridging claims.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) across nine Northern states had on Monday embarked on three days warning strike over non-payment of their bridging claims.
The NMDPRA, in a statement, said it would fast-track the settlement of all outstanding claims when received from marketers after due verification and reconciliation.
It reiterated that payment of bridging claims was an ongoing process and payments were disbursed as they were received from marketers.