Nigeria: Ifeanyi Uba to Release 70m Litres of Fuel, MOMAN Shivers

Nigeria - In a bid to soften the fuel scarcity crisis plaguing the nation, Ifeanyi Uba of Capital Oil and Gas Industries Limited yesterday announced that it was releasing about 13 million litres, approximately 400 trucks, of petroleum products to the Public.

According to a Vanguard report, the company will release a total of 70 million litres in the coming days.

The move has, therefore, broken the ranks of oil marketers and depot operators, who have refused to import any more products until their outstanding subsidy claims of over N200 billion is paid by the Federal Government.

The marketers have now become jittery over the development because they are now being exposed as saboteurs, seeing they have enough fuel stock in their depots but have refused to dispense them, even as they are losing billions of Naira daily.