Financial Energy Review
by Jenifer Dike……………
The Department of Petroleum Resources (DPR) has put on hold pre-qualification bid round of oil firms owing taxes to government
According to DPR those companies that did not make the pre-qualification bid due to tax defaults have until Friday 24, July, 2020 to meet up the requirements.
DPR in its notifications to companies that were prequalified for the bid round of marginal fields also advised some of those it hasn’t prequalified on steps to take before the deadline this weekend.
DPR discovered that some of those companies that did not make the pre-qualification include companies that are also owing government tariff and other fees.
These companies, DPR noted were those that may have fulfilled all obligations to government, however, some of their directors on board in another company were delinquent in paying statutory fees as a result made the prequalificiation of such a company difficult and their pre-qualification put on hold until the directors clear themselves.
These companies so affected are expected to comply by close of business this week Friday. In effect DPR has helped government to take advantage of the bid round to reclaim some of the debts owed to federal, State and local governments in Nigeria.
