Rainoil Limited, a major player in the oil and gas downstream sector, has denied any wrongdoing in the controversial subsidy payment regime.

The company said that the report presented by the Farouk Lawan-led House of Representatives’ Ad-hoc committee investigating the implementation of the subsidy administration exonerated it from any misdeeds

Rainoil was reported as one of 45 oil companies that refused to submit papers and ignored the subsidy probe panel to defend their level of involvement in the fuel subsidy bazaar.