NPA Directs Defaulting OMCs To Settle Debt with PDM

The National Petroleum Authority (NPA) has directed all Oil Marketing Companies with outstanding debts with the Primary Distribution Margin (PDM) Funds to settle them.

The NPA issued August 4, 2022, as the deadline to settle the debts.

“Management of the National Petroleum Authority wishes to advise all Oil Marketing Companies (OMC) who have outstanding debts owed to the Primary Distribution Margin (PDM) fund to settle by 4th August 2022”.

The NPA noted that it will adopt legal actions if the OMCs fail to settle the debts when the deadline elapses.

The directive was contained in a notice signed by the Corporate Affairs Directorate of the NPA.

Source: opemsuo.com/Hajara Fuseini