A Forte
Oil filling station which belongs to Nigerian billionaire and business
mogul, Femi Otedola has been hit with a huge fine by the Kano state
government.
The
Kano State Government had set up a committee to prevent hoarding of
petrol and selling above official rate, has fined a Forte Oil filling
station in the state the sum of N4.2million.
The
state commissioner for Commerce, Rabiu Bako, who is the chairman of the
committee, said the stipulated penalty for a filling station found
hiding petroleum products and selling above pump price was to make it
pay fine by doubling the official pump price of their existing product.
He
added that at the time of the clamp down, the station had already
disposed of 26,000 litres from the 34,000 litres allocated to it. The
commissioner said when they multiplied the cost of the available litres
with the surcharge, they arrived at N4.2million.
culled:premium times
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