The under-listed are part of the companies indicted by the House of Representatives committee probing the misappropriation of the Petroleum Subsidy Fund and have been required by the House to refund N8,664,352,554.00.
IBAFON OIL
Ibafon Oil Limited is a private Limited Liability company incorporated in Nigeria on 10th of March 1998, and commenced business in 1999. Area of core competence over the years has been construction & leasing of tanks.
IBAFON OIL LIMITED presently runs 31 million litre capacity Tank Farm at Ibru Jetty Complex, Apapa, Lagos, Nigeria for the storage and marketing of select petroleum products. It operates service stations in Ibadan, Oyo State and in Kaduna.
Aquitane
Aquitane Oil and Gas Limited was incorporated in April 2005 as a direct response to the emerging trends in the dynamic Oil and Gas industry of the West African sub region. Though a relatively new operating entity, the company is itself an amalgamation of individuals with industry competencies that cut across the various segments of the energy sector.
The company has been able to enter into major products trading transactions with market leaders like Addax, WABECO, Global Fleet, Sahara Energy and Zenon, quickly surpassing all industry benchmarks over a 12 month period.
