Folawiyo Energy Denies Breaching DPR Regulations

Folawiyo Energy Limited (FEL) has denied violating regulations that guide the sale of petroleum products, noting that the company has not had its own products in storage for the past three months, Vanguard reports.

The company said during the period that it only stored and distributed products for the NNPC, without any involvement in collecting payments from the companies taking the NNPC stock.

The company’s spokesman, Adeshola Komolafe , said that FEL has notified the appropriate authorities of these facts and has protested the unfair attempt to tarnish its corporate reputation.

Source: Energy Mix Report