Energy company reveals reason for delayed payment, denies contract breach

The CSOs had, through a publication, alleged that the delayed payments were an economic sabotage, urging the presidency and the Economic and Financial Crimes Commission (EFCC) to intervene.

In a rejoinder, H-PTP Energy Services clarified that it has yet to receive the outstanding payments for the project it handled due to disputes with the owner. It added that it is working hard to resolve the issues for its benefit and that of the subcontractors.  

The company queried why the CSOs would accuse it of economic sabotage because of the delayed payments, which it has been working hard to resolve with the project owner. 

The statement partly reads: 

According to the company, no aspect of its operations is shady, as the organisations claim. The company asks them to disclose any such deals or face legal action.

The firm stated that it would continue to deploy lawful means to recover debts from the project owner to pay those with verifiable claims. 

It asked the presidency and the anti-graft agency to ignore the claims made against it in the publication.

TimesNow.com.ng earlier reported that oil marketers in Nigeria will buy petrol directly from Dangote Refinery. However, they will face price challenges.

The reason is a price difference between Dangote petrol price and imported PMS.

While the Dangote Refinery can supply much of Nigeria’s domestic petrol needs, the government strictly controls pricing via the Nigerian National Petroleum Company Limited (NNPC), creating a significant hurdle for marketers.

Source: TimesNow.com.ng

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