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Ifeanyi Ubah of Capital Oil & Gas Industries Releases Press Statement on 13 Million Litres of Fuel to Help the Scarcity

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fuel-scarcity-612x300CEO Capital Oil and Gas Industries, Ifeanyi Ubah has announced that all Capital Oil stations have been ordered to start selling fuel.

In the press statement released, he spoke compassionately about the fact that a lot of sectors in the Nigerian economy have started to suffer as a result of the fuel scarcity.

Read the press statement below:

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.

21 Comments

  1. khole

    May 25, 2015 at 10:35 am

    Ifeanyi Ubah didn’t type all that English though…..

    • SOye

      May 25, 2015 at 10:51 am

      Who cares if he did???! We are touched at his humanity, and also grateful.. We just hope they don’t go wahala him for this sha! Mbok, we need fuel o

    • Eniola/ Ms Catwalq

      May 25, 2015 at 3:18 pm

      Touched by what humanity? Or the delirium from fuel fumes have caused you to forget the man’s questionable character or that of his brother/cronies?
      Nigerians wake up!!! How is he sitting on so much and why is he pulling out now. I don’t trust the negro for SHIT!!!

    • adizzy

      May 25, 2015 at 10:52 am

      is that all you saw??

    • Nwaforigbo

      May 25, 2015 at 12:43 pm

      Igbo amaka. Igbo is love!!! Thanks nwanna .Dalu .
      Haters go on you hear?

  2. jummai

    May 25, 2015 at 10:35 am

    Wow, am impressed at their patriotism.

  3. Niola

    May 25, 2015 at 10:39 am

    Thank you Ifeanyi we will now be heading to Capital Oil located in Apapa, Mushin and i think Ibeju-Lekki Express way…I sincerely hope that you are doing this out of this kindness of your heart as there will be no ministerial appointment for you especially as you attempted to incite ethnic division the other day.

  4. treasure

    May 25, 2015 at 10:49 am

    wow! this is good. may God continue to increase you for this that you have done sir.

  5. Ahmed Sakiru O

    May 25, 2015 at 10:56 am

    Thanks for easen the burden opon us,Nigerians appretiate ur kind gesture sir.

  6. Chimag

    May 25, 2015 at 11:54 am

    You are one in a million,God will help you to achieve your good intentions.

  7. bimbz

    May 25, 2015 at 12:13 pm

    Ifeanyi Ubah for President!

  8. apc lies

    May 25, 2015 at 12:25 pm

    Where is Wale Tinubu of Oando gas?
    Adenuga of Conoil?
    Otedola of Forte oil? APC men and their patrotism.

    The tribe you hate has the biggest heart!

    • Fiona

      May 25, 2015 at 2:14 pm

      @ apc lies How did this become a tribal issue? This is just the most myopic way of thinking. ‘my own, my own’ killing Nigerians since 1960’………………….i am not saying this may not be a genuine act but have you also considered that this act may also have been driven by his active participation in igniting the ethnic uproar during the election and is a way of appeasing the incoming government? Don’t bite me, Nigeria has made me the cynic i am today

  9. Igbakua Cosmas

    May 25, 2015 at 12:41 pm

    Thanks to Capital, Nigeria would have been in total mess without your kind gesture. Do extend your facilities to Benue state and more. Best of luck.

  10. Jhennique

    May 25, 2015 at 2:35 pm

    Politics in play.. we are watching

  11. Ada Nnewi

    May 25, 2015 at 2:43 pm

    TAN ambassadors una still dey do online work? Ifeanyi Ubah if you like dash out fuel and write love letter to every Nigerian individually, the kerosene and petrol subsidy i zu oshi ga do gi nnonu….I can’t wait for your trial to start…you will be bled dry the way you have bled Nigerians dry.

    • Happy

      May 25, 2015 at 5:04 pm

      Ada Nnewi, if Ifeanyi Uba is a thief, then Adewale Tinubu is a thief, Bola Tinubu is a thief, Obasanjo (who could not afford to pay for a presidential ticket/form in 1998 when he came out from jail and at the end of his two tenures owned a university, farms etc) is the grandfather of all thieves! Danjuma who murdered Aguiyi Ironsi and does not deny it is walking free and even asking for Jonathan to be tried?! Murtala Mohammed who spearheaded the massacre of men and young boys in Asaba during the Nigerian/ Biafra civil war (known today as Asaba Massarces) was never brought to book instead he was immortalized with an International Airport in Lagos and his face put on your hairs notes. This event didn’t happen in 1904, it happened about 40 years ago and many of the survivors are still alive an can tell you what happened! STOP READING NIGERIAN NEWSPAPERS. THEY ALL HAVE ONE AGENDA… TO PROMOTE THE AGENDA OF THE SOUTH WESTERN AND NORTHERN PART OF NIGERIA. IT’S ALL PROPAGANDA. No wonder history is not taught in Nigeria and that is why Nigerians know more about American and British histories. Pick up many history books on Nigeria and read and it will amaze you that the men that ruined Nigeria since its inception are all in APC now and have suddenly become “agents of change”. But will Nigerian youths read up on the history of their country or prefer to read about “egg plants” and Chris Brown on Linda Ikeji’s blog? Your guess is as good as mine and that is why these fools/ leaders will continue to take you all for a ride! Why can’t Nigeria run a real Federalism whereby the states control their resource and pay taxes to the Federal Government in Abuja? Let the states run their own police. Any state that can’t generate enough internal revenue to run its state or pay its workers, that state should be scrapped and merged with another state. Allow the different regions to develop at their own pace and this will breed healthy competition among the regions and each will strive to do better thereby leading to real development that Nigeria seriously needs. Scrap Quota system, affirmative action. Scrap all them…because it has only produced us incompetent graduates, doctors, lawyers etc. Is it rocket science? I say this because all tNigerian leaders do is cosmetic development, and that is why 2 years after they leave power, the problems still persist and no lasting solution is ever found!! In 70’s when I was born, Nigeria had no 24 hrs electricity, there was fuel scarcity, ASUU strike, bad roads, bad healthcare. In 2015, do we still have this problems? Your answer is as good as mine. Can you now see that there has not been real progress all these years only cosmetic progress. America that you guys love to copy so much runs that kind of system. Canada runs this system too. But Nigeria will not agree to this system…you ask why? The answer lies in the history books that the youths never read or the Nigerian history that is not taught in school. Ada Nnewi, sorry to derail your post but just had to write all these so maybe one or two persons will read it and ask real questions that will bring lasting development to Nigeria and not all these APC and PDP nonsense. Buhari is not a magician and without restrucuring Nigeria in the ways that I Mentioned above, he will leave power and Nigeria will still not have 24 hrs electricity or good healthcare for all including people in rural areas.

    • Happy

      May 25, 2015 at 5:08 pm

      Correction *naira notes*

    • Sandi

      May 26, 2015 at 3:57 am

      Biko thank you for this. Nigerians also have amnesia. The men they abuse yesterday will become hero’s today.

    • Nwaforigbo

      May 26, 2015 at 4:34 am

      God bless you. The truth do hurt, it will hurt them all for the rest of their life. Their generation will be miserable for all the pains they inflicted on poor citizens.

    • Mewe

      May 26, 2015 at 9:44 am

      Truer words haven’t been spoken… leave juveniles like Ada Nnewi to be forming APC spokesperson, when the real politicians crosscarpet without any qualms! A nation without history like Nigeria, is a nation were yesterday’s villains are tomorrow’s heroes… heck, people are already hailing Abacha!

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