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

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TAN 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

“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

“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

“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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Updated: May 25, 2015 — 5:18 pm
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