Capital Oil and Gas Industries limited, has bared his fangs on some fraudulent marketers, banning them from lifting petroleum products from its terminals pending compliance with the directive to deliver products at designated locations and sell at government approved and regulated prices only.
In a statement issued late on Friday, by Director of Publicity, Afam Ilouno, the management lamented the unpatriotic and fraudulent activities of some petroleum marketers who load petroleum products at its terminal only to resell the allocated product at exorbitant prices far above the stipulated prices set by government.
Capital Oil further noted that it was angry over reports in the media that these products are often diverted to locations other than those approved by relevant authorities, warning that there will be no more for such under-hand business.
“It has come to our notice the unpatriotic activities of some petroleum marketers who load petroleum products at our terminal and resell the allocated product at exorbitant prices far above the stipulated prices set by government. These products are often times diverted to locations other than those approved by relevant authorities.
“Unscrupulous practices such as these ultimately affect the citizens of our country as products are sold at some locations above the fixed price of N87/litre for Premium Motor Spirit (PMS). Since Capital Oil & Gas distributes a high percentage of petroleum products consumed daily nationwide, the general perception held by some filling station operators and end users may be that we are short changing Nigerians.
“Our company is committed to making petroleum products available to Nigerians at the prices stipulated by the relevant government agencies and have indeed played a vital role in ensuring constant availability of petroleum products nationwide,” the management added.
Further more, Capital Oil who defied the last strike by oil marketers to flood tge market then recalled that they were antagonized for tgat act noting: “In recent times, we have received hard knocks from some of our colleagues in the industry especially when we defied the last strike that almost crippled economic activities nationwide. An ugly situation that made banks announce early closures, shut down of services rendered by telecommunication companies, difficulty in road transportation and flight cancellations as well as inability of hospitals, hotels, government offices etc to function due to non-availability of petroleum products to power their generators and vehicles.
“We are fully aware that our current actions will generate lots of threats, intimidation and blackmail from various quarters especially those involved in these activities. But we shall not be deterred.
“Capital Oil & Gas is determined to join hands with the relevant government agencies to ensure that products loaded from our terminal are discharged at designated filling stations nationwide in line with directives given at various stakeholders’ meetings held with relevant government agencies.
“Going forward, only marketers that are willing to comply with the directive to deliver petroleum product loaded for designated locations or filling stations and sold at the stipulated prices will be allowed to load from our terminal,” the management posited.
APPLY: WTO opens entry for 2022 young professionals programme
The World Trade Organisation (WTO) has opened applications for its 2022 Young Professional Programme (YPP).
The programme provides opportunity for young professionals to enhance their knowledge of the organisation and international trade issues.
In 2021, 14 professionals out of 2,400 candidates were selected for the programme from Bangladesh, Belize, Dominican Republic, Eswatini, Guatemala, Georgia, Indonesia, Malawi, Mauritania, Namibia, Nicaragua, Nigeria, Chinese Taipei and Thailand.
WTO said “The YPP is a unique opportunity to gain hands-on experience which can help open the door for future professional opportunities in the field of multilateral diplomacy and global trade.
“The YPP selection gives preference to young professionals from developing and least-developed countries that are members of the WTO and whose nationals are currently under-represented or not represented in the organization’s Secretariat.
“The programme is part of the Secretariat’s overall goal to increase its diversity to better reflect the make-up of its membership.”
To be eligible, applicants must be of age 32 as of January 1, 2022, and selected candidates will work at the WTO secretariat for one year, starting from the beginning of next year.
The areas of work at the programme includes accessions, agriculture, dispute settlement, intellectual property rights, market access, media and external relations, WTO rules, trade and development, trade and environment, trade in services and investment, trade facilitation, trade policy analysis and trade-related technical assistance.
WTO said candidates must have advanced university degree in law, economics, or other international trade-related subjects relevant to WTO work; must possess relevant expertise or continued academic study in a field of interest to the work of the WTO.
Equally, candidates must similarly have a minimum of two years relevant work experience.
The trade organisation further said selected candidates will be paid $3821.66 (N1,454,141.63 million) monthly and applications can be accessed on the WTO e-Recruitment website and should be completed no later than 29 April 2021.
Buhari receives briefing from Osinbajo
Vice President Yemi Osinbajo on Monday briefed President Muhammadu Buhari at the Presidential Villa, Abuja.
The President had last Thursday returned to the country after a16-day medical trip to London, United Kingdom.
He left Nigeria on Tuesday, March 30, briefly after a security meeting with defense and intelligence chiefs as well as other security sector managers.
Gunmen attack Imo police station, kidnap officer
A police officer has been abducted in an attack on Mbieri Divisional Police Headquarters in Mbaitoli Local Government Area of Imo state on Thursday morning.
This comes three days after the state Police Command headquarters and Owerri Correctional Center were attacked while 1,884 inmates released.
A resident of Mbieri said the gunmen released the suspects in custody.
However, the policemen on duty were said to have engaged the attackers in a gun duel but they were reportedly overpowered by the gunmen who had sophisticated weapons.
A community leader, Nokey Ebikam, told newsmen that the police divisional headquarters was not burnt but only freed the suspects in detention after vandalizing it.
Police Public Relations Officer in the state, Orlando Ikeokwu, confirmed the attack on the police station but did not go into details.
It was gathered that aside the officer who was abducted, two others sustained injuries in the incident which is the second major attack on a police station since an armed gang invaded the state police headquarters on Monday.
The Police authorities have blamed the attacks on the outlawed Indigenous People of Biafra (IPOB) but the group has distanced itself from the attacks.
- Governors, Labour kick as NNPC presents N3tr subsidy bill to FEC
- EPL: I don’t play in my preferred positions – Pulisic becomes latest Chelsea player to hit at Tuchel
- Celebrity Big Brother Season 3 cast revealed: Meet the new famous houseguests
- Dow futures drop 300 points as investors assess Fed update
- Gunmen kidnap Ex-President Jonathan’s cousin in Bayelsa
LIFESTYLES1 day ago
These 7 surprising things lower your libido!
NEWS2 days ago
Nigerian Labour Congress suspends planned nationwide protest over subsidy
NEWS1 day ago
Nigerian Army arrests political thugs from Ibadan with guns heading for Ekiti PDP primaries
BUSINESS1 day ago
CBN retains interest rate at 11.5% to contain inflation
BUSINESS2 days ago
IMF cuts 2022 global growth forecast as U.S., China recovery wanes
BUSINESS15 hours ago
Global oil benchmark tops $90 for the first time since 2014
BUSINESS15 hours ago
Federal Reserve points to interest rate hike coming in March
SPORTS16 hours ago
Transfer: Aubameyang demands double Ibrahimovic’s wages to leave Arsenal for AC Milan