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PEFMB re-sounds end to manual payment of petroleum marketers

By on March 30, 2013

The Petroleum Equalisation Fund Management Board (PEFMB) says the Federal Government has stopped the manual payment of transportation claims to petroleum products marketers in the country.

The General Manager (Corporate Services) of the board, Mr Goddy Nnadi, speaking to newsmen in Lagos said the board stopped the manual payment of marketers’ claims after it launched an electronic claims management solution, nicknamed “Project Aquila”.
“It is part of the original plan to ensure payment of claims within 72 hours. Project Aquila is an e-loading and payment system that will ease the process of marketers’ getting their entitlements,” he explained.
Nnadi said that over 200 members of PEFMB staff and more than 1,500 marketers had been trained on the application of the Project Aquila software.
He also said that more than 15,000 petroleum products conveying trucks nationwide have been captured in the Project Aquila website platform.
“The new electronic solution has brought more transparency in petroleum products distribution.
“One major advantage of this e-loading system is that it will enable the industry to generate accurate data on the petroleum consumption patterns across the country.
“It is a phenomenon that will greatly enhance distribution and marketing trends for the downstream sector.”
Nnadi said that the e-payment system would enhance monitoring of distribution of petroleum products across the country.
He noted that distribution of petroleum products was not properly monitored in the past, thereby making it difficult to either confirm or certify deliveries at designated depots or “drop points“.
The general manager urged petroleum product marketers to ensure that their trucks were tagged with the necessary flyers and gadgets to be able to be captured in the project’s software database.
“Any truck not properly tagged will not be allowed to load products in any depot,“ Nnadi said.
(NAN)