Capital Oil & Gas Ind. Ltd Not Capital Oil PLC – Management

Posted on October 28, 2018

 

The Management of Capital Oil & Gas Industries Limited said that their attention has been drawn to news making the rounds with regards to Securites and Exchange Commission and its purported to take over Capital Oil PLC. While the news is true, the Management has however noticed with dismay that most media outlets have used their logo, pictures of their depot or the picture of their Managing Director in support of their story.

In view of this blunder which is a product of lazy journalism, the Management wishes to make it clear for the unsuspecting listening and reading public that Capital Oil PLC and Capital Oil & Gas Ind. Ltd. are different entities.

The Capital Oil in question is absolutely different from Capital Oil and Gas which belonged to Dr. Ifeanyi Ubah. Capital Oil PLC is currently registered on the floor of the stock exchange and as such is a publicly quoted company. On the other hand, Capital Oil and Gas is a limited liability company owned by Dr. Ifeanyi Ubah and is not quoted. Hence, Capital Oil and Gas has no business with the Securities and Exchange Commission (SEC).

“Capital Oil PLC is less popular than Capital Oil and Gas which is why everyone assumes Dr. Ifeanyi Ubah’s company is being referred to anytime Capital Oil is being mentioned. This is very wrong.”

Please find below, a graphic illustration showing the logos of Capital Oil & Gas Ind. Ltd. and Capital Oil PLC. The difference is clear for all to see.

This is for the kind attention of the unsuspecting public who have been misled by the activities of lazy reporters and journalists into believing that Capital Oil & Gas Industries Limited was about to be taken over by the Securities and Exchange Commission.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

President Bola Ahmed Tinubu has approved an extension of Mrs. Kemi Nanna Nandap’s tenure... Continue
At the end of a crucial meeting of the leadership of the Orashi National... Continue
KINGSLEY EBERE  A 33-year old staff of Wema Bank PLC, Quadri Ali Adedamola, has... Continue
inDrive, the urban mobility platform, has unveiled a list of essential delivery tips to... Continue
The Executive Chairman of Ojodu LCDA, Lagos State, Hon Segun Odunmbaku, has charged constituents... Continue
MICHAEL AKINOLA  Two men, Babatunde Adebisi Adebayo, 29 and Babarinde Olanrewaju Tolani, 25, have... Continue
President Ahmed Bola Tinubu has approved the appointment of the State Party Chairman of... Continue
ENGR. IGWE OGWO  In the realm of Nigerian politics, public discourse often oscillates between... Continue
KINGSLEY EBERE    A 61-year old man, Clement Uchechukwu Nnedu, has been arrested and... Continue
IZUCHUKWU ADICHIE  History may remember November 8, 2025, not as an election day, but... Continue

UBA

DANGOTE AD

GLO


Access Bank

Twitter

Sponsored