Posts Tagged ‘Capital Oil’

​Capital Oil exposes NNPC’s lapses during House investigative hearing

…Says NNPC owes Capital Oil N16bn …As Committee says it can help Capital Oil to recover its money   The Managing Director of Capital Oil and Gas, Dr. Ifeanyi Ubah yesterday exposed lapses in the Nigeria National Petroleum Corporation (NNPC) saying that the corporation owes the company N16 billion with a key portion of the […]

#DemocracyDay | Capital Oil Workers fear Job losses, plead for Ifeanyi Ubah’s release

Employees of Capital Oil and Gas Industries Ltd have urged the Federal Government to release their Chairman, Dr. Ifeanyi Ubah, who is in the Department of State Services (DSS) custody. The workers urged Acting President  Yemi Osinbajo, Senate President Bukola Saraki, House of Representatives Speaker Yakubu Dogara and the Minister of Labour, Sen. Chris Ngige […]

Capital Oil vs NNPC | 25 Points Nigerians should note

1- There is what is known as “Throughput contents” in the contract document between NNPC and Capital Oil . The “Throughput” agreement, in accordance with the norms and practice in the industry worldwide, allow conversion and diversion of its products by the ‘Operator’ so long as the Operator is prepared to re-deliver the products (in […]

FCT Council Polls, A Crying Shame – PDP

The Peoples Democratic Party (PDP) has described the just concluded Federal Capital Territory (FCT) area councils election as a shame, saying that the federal government, officials of the Independent National Electoral Commission (INEC) and security operatives manipulated the elections in favour of the All Progressives Congress (APC). The Abuja Municipal Area Council (AMAC) chairmanship candidate, […]