Capital Oil boss moves to reduce fuel scarcity

chika ebuzor

April 6, 2016 7:39 AM

Ubah recently boasted that he knows how to return the Naira to N200 to one Dollar in 30days.

Ifeanyi Ubah, the chairman of Capital Oil and Gas

Ubah in a statement which he personally signed, said "This is to inform our valued customers and the general public that NNPC has brought enough fuel cargoes into the country.

"Consequently, Capital Oil has commenced massive 24hours loading in a bid to meet NNPC's target of eliminating fuel queues nationwide within the next few days.

"We also wish to discourage Nigerians from panic buying & hoarding while calling on everyone to stop patronizing the activities of black marketers. Support NNPC!"

The Capital Oil and Gas boss recently boasted that he knows how to return the Naira to N200 to one Dollar in 30days.

The Oil mogul even put down his assets reportedly worth N500b as a wager, if his idea does not bring down the Naira to N200 per Dollar.

The billionaire, who is also the owner of Ifeanyi Ubah FC allegedly slapped Heartland FC goalkeeper, Ebele Obi on March 23, 2016.

Ubah was subsequently handed a 10 match ban and fined N2.5m by the League Management Company (LMC).

chika ebuzor