On Saturday 16th May 2015, we received an SMS ordering the suspension of loading activities in all depots from Monday 18th May 2015. We later realized that this directive was as a result of unpaid funds owed to transporters by oil marketers who in turn are owed by the Federal Government.This development has resulted in immense hardship to our fellow country men and women. We believe that a better solution can be pursued towards solving this problem in a way that does not adversely affect our dear citizens. Capital Oil and Gas has watched with so much pain, the suffering and hardship our citizens have been subjected to as a result of scarcity of petrol, diesel, aviation fuel and house hold kerosene.
We are deeply pained to hear that hospitals cannot perform surgeries, laboratories are unable to carry out much needed tests especially for emergency patients leaving such patients at risk of dying, radio stations are shutting down, communication is being affected as MTN and other telecommunications company have announced an impending shut down while homes, offices and key facilities nationwide are experiencing blackouts. In some parts of the country, petrol is already selling at an all-time high of N1,000 per litre.
Our citizens have left their homes and are now sleeping in fuel stations,facing the risk of robbery attacks and other attendant risk. In a few days’ time, a new government headed by General Muhamadu Buhari will be sworn in. Apart from our citizens being unable to watch the handover on television and unavailability of transportation for attendees of this historic handover, the resulting chaos from this scarcity may shutdown the Nation and sabotage the efforts Nigeria has made to attain greater heights.
We are constrained at this point and have decided that two wrongs cannot make a right. We will not be part of this sabotage against our fatherland. Therefore from this minute, we shall take the risk of opening our facilities and commence swift loading and distribution of products Nationwide. Our facility has the capacity to load over 13 million litres of product before dawn.
This comes to approximately 400 trucks of petroleum products. With this act, it is our belief that once again our citizens will begin to smile, return to normal family and work life. We call on other petroleum marketers to follow suit and save our Nation from this impending economic and social crisis. This is a period that requires patriotism and service to fatherland. Let’s join hands to help our fellow citizens and save Nigeria. We also call on striking bodies to call off the strike action. Let us work together for the betterment of our people. As we brief you this moment, our truck park, port reception facilities and our depot complex have been ordered opened.
We are ordering and resuming discharge of products from vessels at our berths. We have ordered our trucks to commence loading of products and move overnight to every state of the Federation. Most importantly, we wish to use this medium to thank NNPC and PPMC for their steadfastness in ensuring the availability of petroleum products. Current PPMC stock level in our storage tanks and buffer stock on vessels awaiting discharge at our jetty is capable of meeting the Nation’s need for 15 days. Furthermore, we wish to emphasis that we have a total solution to the traffic menace on the oshodi apapaexpressway.
In the coming weeks, we hope to engage the Federal Government (Federal Ministry of Transport), Lagos State Government and other stakeholders in the affected area, to optimally utilize our truck park facilities which has the capacity to accommodate over 1,100 trucks per time and 5,000 on a shift basis. Capital Oil and Gas continues to appeal to Nigerians to accept and support deregulation as this will curb corruption, enhance competition, lead to reduction of pump price for petroleum products and ensure constant supply to meet Nigeria’s demand. Long live the Federal Republic of Nigeria.
Dr. Patrick Ifeanyi Ubah
Managing Director/CEO Capital Oil and Gas Industries Limited Lagos,
Sunday 24th May 2015.
234 comments:
«Oldest ‹Older 201 – 234 of 234Did u read the statement at all if u did u would have seen where he said that the federal government is owing them.
Thank u Ifeanyi. Wale Tinubu and Otedola abeg make una release una own too. Why watch Nigerians suffer Like this just because you want to protect your selfish interest?
He is not the only one that took money for subsidy. Let the other importers release theirs too. The likes of wale Tinubu and Otedola.
You are just an efulefu.
Anon ure so daft! We are talking of the untold hardship people are going tru and ure talking trash. Is he the only one that collected money for subsidy? Why have the others refused to release the fuel they are hoarding?
Abegi make persin hear word all dis long sermon na WASH
My year Of Linda's 100k
Ifeanyi Ubah go settle ur debt with AMCON first before u start acting like a saint. All this just to enter the good of Buhari...Thief
Uba is a business man, the depot belongs to NNPC and the tankers are loading at 120 and 130 per liter and the petrol station will sell at 200 naira per liter. We shall see.
My dear wat do u really know about the govt??? Stop writing with so much hate to your fellow human, cos if you are in her shoes worse will happen, these ministers ab been serving from Obasanjo's regime... it was pple like u dat flooded the street of Lagos to stop subsidy in 2012, the reason we r facing all these is a result of not allowing the govt remove subsidy they were paying these marketers, As we know today the marketer claims r outrageous and Okonjo is not willing to approve the payment until they provide valid document, becos some document had differentials in exchange rate.... They marketers r trying to sabotage these govt period.. before u reign curses try to know the truth.... if Subsidy was kicked out in 2012 we wont be facing this today
I pray ooo
Anybody insulting this guy is just plain stupid. We have a serious problem if a lot of you truly believe the things you write on this blog.
NigerianS lets b appreCiative for once at least he tried
As in looking for favour ni from Buhari. Because GEJ is leaving soon. We know you Abeg. Marketing strategy Nwoke Nnewi
Shut up. And go n buy fuel for me
You're well informed!
Ignorance! and stupidity! two words for you!
Nice. Pay attention Igbo haters, that is one of them coming to the aid of Nigeria!! What are you brothers doing?!
No one is happy about the situation,every business man or women would always take advantage of situations like this,would it have being better if he did not bring out his petrol? I would sell at a high rate but still people will get to have little to use,its better than nothing,we keep saying government this government that who are the government,I bet that all this people coming out to call people names would do worse if given the opportunity.all we the youths do is come online and insult ourselves while the old men keep ruling us,how can change come when we the young ones keep fighting each other,we don't have to call another names just because you don't agree with his or her opinion,may God bless Nigeria and I pray buhari brings change,we should stop insulting him and support him,if we give him our support and he fails then we have every right to crucify him.
Amen oh!!
Stupid
And if guy wan go toast this Oluchi now she go dey form ajeee o. Dey speak yeye English wey man no fit decode
GOD BLESS UBAH
Nigerians doesn't need to be helpful, see how some people are here insulting and abuse him for helping we Nigerians. If you join to abuse him you are very ungrateful and try to learn how to appreciate. Thanks Mr Ifeanyi Uba GOD BLESS YOU REAL GOOD.
What rubbish. Maopic views.
Who else
@Anon, 11:57..Tnk u,i'm a jezebel of truth,not sum faceless liar mofo like u....Idiiiatt!
Show ur ugly face n face me,i go teach u how not 2 disrespect ur elders..werey!
Pls tell them. It's PPMC's fuel not his and that's why he wants to play hero.
Yinmu @ anon 12.06. Dis una buhari must be a god o. his miracles no go get mate.
And the DUMB ASS IGBOS are lauding the very guy who joined hands with others to start all this! All na strategy. He knows what he is doing. Thanks to him for the fuel but no idiotic igbo should come here insulting any other tribes. You guys should just go and start your biafra and leave us alone! After this government comes in, all oil marketers will see nothing to market. Subsidy is dead and they know it. Your fucking ifeanyi knows it and he's being smart and making his money quickly before the hurricane hits them. That is where all his money came from...this same subsidy. You think he gives a fuck about us, including you?? You people will never go to school and learn well. You are all dumb in the way you talk and behave. Kudos to the REAL igbos out there that make their country proud! People like Linda, with honest hustle. Not all these dumb fucks on LIB. Eyin olori buruku oshi wonyi! Idiotic dumb bastards! *spits*
Even if he is corrupt...at least he is one of the criminals trying to make a difference...where are the tinubus, the adenugas, the otedolas. ifeanyi Uba..thanks for making an effort. pple would always talk no matter what. Igbos gat the good, the bad and d ugly and we proud of that. all you self righteous pple calling him out...go and hug the nearest available transformer
Its amazing how ignorant most nigerians are ....instead of accepting and facing the truth most of you resort to tribalism and pure studity
oh well God help una
IFeanyi Uba is a fool for being nice to this wicked race called Nigerians. They call him names for dashing them 13m Liters of Fuel when he could have sold it at N300 [thereby making billions] a liter just because he is Igbo. They said Igbos like money more than other tribes but only an Igboman brought fuel out while other tribes hoarded theirs while waiting for fuel to sell at N1000/L. Wale Tinubu the owner of Oando stole about 8times what Uba was accused of stealing from the oil scam and yet his wickedness never let him release a drop of Fuel. His people still love him for hoarding his fuel and creating untold hardship in his region. Who is getting the insult from all these wicked and evil tribes now? its Uba! Uba ought to have paid wickedness with wickedness because that's what works here in this black monkey's nation.
Buhari was going to make the scarcity worse because in the first instance, it was him that caused this second round of strike by marketers when he carelessly said that he didnt believe in subsidy and the stories surrounding it. This was after they confronted the APC-led govt to know whether the new govt will offset the outstanding debts owed them by GEJ.
IFeanyi Uba is a fool for being nice to this wicked race called Nigerians. They call him names for dashing them 13m Liters of Fuel when he could have sold it at N300 [thereby making billions] a liter just because he is Igbo. They said Igbos like money more than other tribes but only an Igboman brought fuel out while other tribes hoarded theirs while waiting for fuel to sell at N1000/L. Wale Tinubu the owner of Oando stole about 8times what Uba was accused of stealing from the oil scam and yet his wickedness never let him release a drop of Fuel. Not to mention their tin-god Femi Otedola [Farouk Scam]. Their people still love them for hoarding their fuel and creating untold hardship in their entire regions. Who is getting the insult from all these wicked, retrograde and evil tribes now? its Uba! Uba ought to have paid wickedness with wickedness because that's what works here in this black monkey's nation.
Buhari was going to make the scarcity worse because in the first instance, it was him that caused this second round of strike by marketers when he carelessly said that he didnt believe in subsidy and the stories surrounding it. This was after they confronted the APC-led govt to know whether the new govt will offset the outstanding debts owed them by GEJ.
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