Fuel crisis: Hope rises as Ifeanyi Uba’s Capital Oil releases 13m litres of fuel


Capital Oil and Gas Limited on Sunday began loading of over 13 million litres of petrol from its depot in Apapa to various states to cushion the effect of the lingering scarcity.

Managing Director/CEO Patrick Ifeanyi Ubah told reporters in Lagos that over 20,000 trucks have been penciled down for loading this week to boost economic activities.

He said the company’s facility has the capacity to load over 13 million litres approximately 400 trucks, of fuel per day.

“It is our belief that this development will enable our citizens to 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,” he said.

Ubah said that “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 realised 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.

“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.”

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