Tag Archives: Capital Oil

Ubah goes to court to prevent AMCON from winding up Capital Oil

Businessman, Ifeanyi Ubah and his company, Capital Oil and Gas Industries Limited have sued the Asset Management Company of Nigeria (AMCON) and its Managing Director, Ahmed Lawan Kuru, over the alleged violation of terms of a consent judgment they all entered in 2012 over Capital Oil’s N81billion debt. In a fresh motion for committal brought…
Read more

DPR allegedly suspends import permits of Capital Oil, Folawiyo, Sahara, ors

The Department of Petroleum Resources (DPR) has allegedly suspended the importation permit of six petrol depots in Lagos and Calabar for selling Premium Motor Spirit (PMS), otherwise called petrol, above the official ex-depot price of N77.66 per litre, ThisDay reports. The action was the first time in a decade that the organisation would apply sanctions…
Read more