Capital Oil Tackles Illicit Practices By Marketers

The managing director of Capital Oil and Gas, Ifeanyi Ubah, on Tuesday said the company had adopted measures to curb illicit practices by oil marketers.

Addressing newsmen in Abuja, Ubah said the company had adopted the ”no change of number” measure to curb the unpatriotic act.

“We recently noticed some sharp practices by oil marketers who use our facility as an avenue for selling loaded products or loading tickets at unapproved prices. We have therefore come out with measures to curb the unpatriotic acts.

“The modus operandi adopted to stop these unwholesome practices is what we call no change of number,” he said.

Ifeanyi Ubah

The measure would ensure that only marketers that presented approved trucks listed on the loading tickets would be loaded with products.

Earlier, the policy was abused as it had a gap in security where some marketers used to change of truck number to get an access to products.

”The marketers collect loading tickets from NNPC with a particular number, come to our terminal with a different truck which is not indicated on the loading tickets. We have resorted not to load products for any marketer with such loading ticket,” he added.

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Ubah explained that there were many terminals used by NNPC to store products in Lagos and other parts of the country and marketers were at liberty to use any of them.

Commenting on allegation of not dispensing to Independent Petroleum Marketers of Nigeria (IPMAN), he said that capital oil and gas should not be dragged into leadership crisis.

Ubah said the company were holding its customers in high esteem and would continue to maintain best practices as one of the major petroleum terminals in the country.

“IPMAN should try and resolve their leadership crises; I helped them four years ago and brought peace under the leadership. I don’t want to get involved again in their problem; we hold all our customers in high esteem,” he said.

He added that IPMAN members were not obliged to get products from capital oil alone as NNPC deposits products in many depots.

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