The ongoing subsidy probe has revealed that that Total Nigeria Plc. received excess subsidy claims of N2.7bn in 2011.
The House of Representatives Ad- hoc Committee investigating the Subsidy Regime on Wednesday produced records indicating that Total Nigeria Plc received excess subsidy claims of N2.7bn in 2011.
The Managing Director of Total, Mr. Guy Maurice, had consistently argued that the firm had never been overpaid by the Petroleum Products Pricing Regulatory Agency (PPPRA).
“It is not possible that Total would ever have been overpaid. The money would have been returned if it ever happened,” the MD insisted.
Mr. Maurice said that his company supplied 211 million litres of petrol to the Nigerian market last year and the value of subsidy claimed was N16.1bn.
However, records provided by the office of the Accountant- General of the Federation showed that Total actually received N18. 8bn for the 211 million litres of petrol supplied.
Mr. John Enoh, A member of the committee and Chairman, House Committee on Appropriation, stated that unless Total produced superior evidence to counter the AGF’s, the panel would have to recommend a refund of the N2.7bn to the Federal Government.
Mr. Maurice still refuted the overpayment after the documents were tendered. He later admitted “not being sure” over the matter and said he would refer the figure to the company’s Finance department and report back to the committee.
Jackson Ibanga, general manager, operations of the Total, informed the committee that they had received over-payment in some instances but have always returned such payments to the PPPRA but assured the committee that they will avail the panel with all necessary information.