Fuel Scarcity: IPMAN Vs Capital Oil


By Abel Okpechi
Last week, the Managing Director of Capital Oil and Gas, Mr. Ifeanyi Ubah, told journalists in Abuja that his company “adopted the no change of number measure to curb illicit practices by marketers”. His riposte was a response to a piece by a public affairs commentator, Johnson Nwanuforo whose essay entitled, “IPMAN, Capital Oil and Fuel Scarcity” sought to blame Capital Oil for the lingering fuel scarcity in Nigeria.
Mr. Ubah said that his company “…noticed some sharp practices by oil marketers who use our facility as an avenue for selling loaded products or loading tickets at unapproved prices. The modus operandi adopted to stop these unwholesome practices is what we call ‘no change of number’….” Anybody who is out for the truth regarding the root cause of the lingering fuel scarcity in the country should be comfortable with Ifeanyi Ubah’s explanations. Unfortunately, we have allowed a situation where a factional President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Elder Chinedu Okoronkwo, has been using the media to spread falsehood in order to demonise Ifeanyi Ubah.
For instance, shortly after Ubah’s response to Mr. Nwanuforo’s treatise on the matter of fuel scarcity in the country, Elder Okoronkwo, through his Special Adviser on Strategy and Public Communication, Chief Larry Nworuh, countered with a deceptive riposte entitled, “Fuel Scarcity: Capital Oil takes over DPR’s statutory functions…”. Elder Okoronkwo wants the world to believe that “Mr. Ubah… has threatened to sanction oil marketers nationwide over issues bordering on NNPC products stored in Capital Oil tank farm…”. How Elder Okoronkwo came to this ridiculous conclusion is hard to fathom. However, it is difficult to see how an effective measure adopted by Capital Oil to “… ensure that only marketers that presented approved trucks listed on the loading tickets would be loaded with …Read More

Source:: PM Newspaper