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1 month ago
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- The Presidential Initiative connected Compressed Natural Gas has banned and delisted a conversion centre
- The committee disclosed that the centre was delisted aft it recovered that it sold government-owned conversion kits
- PCNG disclosed that the conversion kits were to beryllium installed for escaped for conveyance owners, but were sold for N200,000 and N1.2 cardinal by the centre
Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.
The Presidential Initiative connected Compressed Natural Gas (Pi-CNG) has delisted a conversion centre, Charles Goriola Yakub of C&L Smart Energy Limited.
The determination followed confirmed reports of misconduct involving an amerciable merchantability of government-owned conversion kits.
Source: UGC
PCNG threatens to writer the centre
The committee besides threatened ineligible enactment against the centre implicit an alleged smear campaign, which aims to discredit the strategy and vowed not to succumb to blackmail.
The method advisor connected stakeholder absorption and nationalist engagement, Kenechukwu Chukwu, said successful a connection that the delisted trader was implicated successful the amerciable merchantability of government-funded CNG conversion kits, which were to beryllium installed for free.
CNG Conversion centre sells kits
According to the statement, the kits were allegedly sold for betwixt N200,000 and N1.2 million.
The connection disclosed that the relation began online and media attacks against the Pi-CNG aft his centre was delisted.
Meanwhile, the Presidential Initiative has disclosed that it is preparing ineligible and instrumentality enforcement responses to the physics blackmail and cyberbullying, informing that the culprits would beryllium held to relationship implicit their nationalist claims.
It disclosed that it does not grip procurement oregon grant contracts straight and operates arsenic a facilitator successful concern with applicable authorities agencies.
PCNG reportedly obtains video evidence
The connection said that disposable records amusement that C&L Smart Energy was portion of the PCNGI Conversion inaugural until December 2024, erstwhile it was suspended for selling the government’s conversion kits astatine varying prices.
The committee said the kits were meant to beryllium installed for escaped for commercialized conveyance operators.
According to the statement, an investigation, which included video grounds and documentation, showed victims of the centre’s crisp practices.
The connection further said the PCNGI suspended the centre to sanitise the system.
“We instrumentality the integrity of the programme seriously. As an involution program, PCNGI does not grant contracts oregon procure by itself, it depends connected different MDAs to bash so, to absorption connected its halfway relation of promotion and enablement,” the connection said.
More Nigerians person to CNG
Legit.ng findings amusement that much commercialized conveyance operators are embracing CNG arsenic an alternate to petrol pursuing the subsidy removal.
The inaugural was launched to supply Nigerians reprieve pursuing precocious PMS prices.
Petrol was sold for N1,200 per litre instantly aft President Bola Tinubu ended subsidies connected PMS.
Source: UGC
The determination prompted the Nigerian authorities to launch the initiative, providing centres wherever Nigerians can person their vehicles for free.
FG Plans caller 150 retail stations to bargain cheaper CNG fuel
Legit.ng earlier reported that Michael Oluwagbemi, the programme manager and main enforcement of the Presidential Compressed Natural Gas Stations Initiative, has announced plans to person nary less than 150 retail stations earlier the extremity of 2025.
He disclosed this during the groundbreaking ceremonial of 5 mini-liquefied earthy state plants successful Kogi by the Nigerian National Petroleum Company Limited.
He added that the statesmanlike CNG inaugural is hoping to pull millions of dollars successful concern this year.
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Source: Legit.ng
