How we shared N182bn subsidy fund – Conoil, Forte Oil, others

Five of the major oil marketers that have been benefiting from the Federal Government petroleum subsidy scheme have disclosed how they shared N182 billion among themselves under the subsidy scheme within two years.

The major oil marketers made up of Conoil Nigeria Ltd, A. A Rano, ASB Investment Ltd, Forte Oil Nigeria and Knight Bridge Ltd that appeared before the Joint Senate Committee probing petroleum subsidy, yesterday, in Abuja gave detailed accounts of their various claims running into several billions of naira even as they denied malpractices in the subsidy scheme.


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