THE revision of the eligibility criteria for oil marketing and trading companies in the PSF guidelines by PPPRA amended the requirement for the proof of ownership of storage facilities with a minimum storage capacity of 5,000MT for the particular product to include a valid throughput agreement of storage facility with a minimum storage capacity of 5,000MT for the particular product.

For now, I will not support third phase in this amnesty programme. This is because this thing has turned to business and by the time we start a third phase, demand will also come for a fourth phase

GIVEN the huge sums involved, it is expedient that PPPRA should make payments only on the basis of original or authenticated documents to minimise losses due to operational and fraud risks.

HE is popularly known as Tompolo, an ex-militant leader that once evoked terror in the Niger-Delta. Most people don’t know him by his bonafide name, Government Ekpemupolo, not to mention that he is a High Chief of Gbaramatu kingdom, Warri South-West Local Government Area of Delta State.

A REQUIREMENT for the presentation of guarantees or performance bonds (issued by Nigerian banks) by oil marketing and trading companies participating in the scheme on a transactional basis as a mitigant against the presentation of false subsidy claims.