News TAN CEO, Ifeanyi Ubah To End Fuel Scarcity With 13M Litres of...

TAN CEO, Ifeanyi Ubah To End Fuel Scarcity With 13M Litres of Fuel


TAN CEO, Ifeanyi Ubah To End Fuel Scarcity With 13M Litres of FuelTAN and Capital Oil and Gas CEO, Ifeanyi Ubah said he will release 13 million litres of fuel to depots around the country in order to end fuel scarcity.

Ubah is a close pally to Goodluck Jonathan. He released a statement on the issue today, May 24, 2015.

“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.”

“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.”

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