SAT, SEPT 23 2023-theGBJournal |Petrol stations caught dispensing fuel with adjusted fuel pumps would face heavy sanction, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) warned Friday, the News Agency of Nigeria (NAN) reports.
Mr Farouk Ahmed, NMDPRA Chief Executive, said this during an interactive session with commissioners of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Friday in Abuja.
He said that the sanctions to be meted out include revocation of operating licenses, suspension from operation or shut down depending on the gravity of the offence.
According to him, adjustment of fuel pumps by filling station operators is a major concern to the oil regulatory bodies and the Federal Government.
Meanwhile, the NMDPRA boss said that the authority would continue to collaborate with the RMAFC to generate more revenue for the federation.
“We have started the engagement but this is just a formal collaboration on areas where we can improve the revenue generation for the federation.
“There are two areas we have to look at which are either to generate revenue or cut costs,” he said.
He called on citizens to invest in the midstream sector of the economy.
“For example, if you want to build a gas plant, come to us, we will give you the guidelines, the policies, and you will come and invest.
“The area you want to invest in will determine the cost of investment; the investment opportunities are there,” he said.
RMAFC Chairman, Mr Bello Shehu, said that the engagement between both organisations was to strengthen their partnership.
“We are here in order for them to enlighten us on what they do and what we can do as a commission to assist them to better boost revenue generation for Nigeria.
“We are interested in what the authority does to enable us monitor better and know the right questions to ask which will enable us give appropriate information,” he said.
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