Library / B 2103 Federal Republic of Nigeria Official Gazette No. 205
B 2103 Federal Republic of Nigeria Official Gazette No. 205

Page 13 of 82
B 2115
(3)  The levies in subregulations (1) and (2) of this regulation shall, in
accordance with the Act, form part of the wholesale price of petroleum products
and natural gas sold in Nigeria.
(4)  The levy in subregulation (1) of this regulation shall be due immediately
upon the sale of petroleum products and shall be remitted by the supplier to the
Authority Fund not later than the 21st day following the month of the sale, or as
may be directed by the Authority.
(5)  The levy in subregulation (2) of this regulation shall be due within 21
days of the sale of petroleum products and natural gas sold in Nigeria and shall
be remitted by the supplier to the Midstream and Downstream Gas Infrastructure
Fund not later than the 21st day following the month of the sale, or as may be
directed by the Authority.
(6)  The levies in subregulations (1) and (2) of this regulation shall be
included in purchase agreements, invoices, receipts and any other document
between a supplier and wholesale customer evidencing the sale of petroleum
products or natural gas.
(7)  The supplier shall not later than the 30th day of each month, submit to
the Authority a report which shall comprise —
(a)  the volumes, price and names of the wholesale customer; and
(b)  a copy of the purchase agreements, invoices, receipts and any other
document between a supplier and wholesale customer evidencing the sale of
petroleum products or natural gas.
(8)  The Authority shall upon confirmation of payment of the levies, issue
a receipt to the supplier who shall in turn provide the wholesale customer with a
copy of the receipt.
(9)  The Authority shall monitor wholesale points for the issuance of
certificate of quantity and quality, and the reconciliation of petroleum products
or natural gas sold.
(10)  Where the supplier of petroleum products or natural gas fails to remit
the levies to the Authority Fund or Midstream and Downstream Gas Infrastructure
Fund as prescribed in these Regulations, the supplier shall in addition to the
amount not remitted, be liable to an administrative penalty equal to 10% of the
amount unpaid for each month or part of it, after the date on which payment
became due.
(11)  The Authority may, in addition to the penalty specified in subregulation
(10) of this regulation —
(a)  suspend the licence of the supplier of petroleum products or natural
gas until the levies and penalty are paid; or
(b)  suspend the operations of the facility into which the petroleum product
or natural gas was processed, discharged, or stored until the levies and penalty
are paid.