Tribune OnlineTribune OnlineTribune Online
  • Home
  • News
  • Columns
  • Editorial
  • VIDEOS
  • Entertainment
  • Politics
  • Health
  • Opinions
  • SPORTING TRIBUNE
Reading: The rip-off by oil marketers
Share
Notification Show More
Font ResizerAa
Tribune OnlineTribune Online
Font ResizerAa
  • Home
  • News
  • Columns
  • Editorial
  • VIDEOS
  • Entertainment
  • Politics
  • Health
  • Opinions
  • SPORTING TRIBUNE
  • About Us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Advertise
Have an existing account? Sign In
Follow US
© 2026 African Newspapers of Nigeria Plc. All Rights Reserved. | Disclaimer | Privacy Policy | Editorial Policy | Corrections Policy | Terms & Conditions
Home » The rip-off by oil marketers
Editorial

The rip-off by oil marketers

David Olagunju
March 13, 2019
Share
Add as a preferred source

I N a moment of supposed candour, the Director, Weight and Measures Department in the Federal Ministry of Industry, Trade and Investment, Mr Muhammad Sidi, recently revealed how oil marketers rip Nigerians off through false measures, making N198,500 illegally from every 33, 000-litre truck of PMS. Mr. Sidi made this  statement in Abuja during a surveillance activity of the department to some fuel stations. He said the action was to ensure that all commercial transactions involving the use of weights and measures were accurate, fair and legal.

Of course, his revelation did not come as a surprise. It was something most Nigerians had suspected all along and he merely gave it an official seal, confirming that his department had all along been largely dormant while hapless Nigerians were being daily taken to the cleaners by  unscrupulous oil marketers. Most Nigerian motorists have a fair gauge of what is being sold to them at fuel stations and what they do is to determine which of the stations gives the fairest deal in their purchases. The ideal situation is what Mr Sidi painted in his official narrative, namely that all commercial transactions involving the use of weights and measures should be accurate, fair and legal and it is heartening to know that he harped on this fact. But then, how often does his department carry out the routine surveillance? After sealing off the premises of erring outlets, does the department ensure that they suffer further sanctions to deter other marketers from similar practices?

Don’t throw away the baby with the bathwater, Ajimobi urges Makinde

To be sure, most of the transactions in the oil industry are bedevilled by the legendary opacity which has characterised public activities in the land. To say the least, not a few of millionaires have been made from these shady deals for which the whole country suffers inexorably. The rip-off by the oil marketers is just a tip of the iceberg: there is monstrous grand larceny in the oil industry, and Mr Sidi merely scratched the surface of a cancer threatening to strangulate a life source to the Nigerian economy. Just as the individual fuel buyer is being ripped off, the whole country is also being ripped off in the international market where transactions sadly also involve the use of weights and measures that are neither accurate nor fair. Mr. Sidi should therefore not expect Nigerians to be impressed by his discovery and revelation on the oil industry when bigger theft and sleaze are being covered by a criminal syndicate in a conspiracy of silence.

In any event, Mr. Sidi’s revelation amounts to self-indictment since his department has failed to give the ordinary fuel buyer the needed protection from the predatory hawks in the oil industry that are ripping their customers off virtually in all transactions. If the department had been consistent in apprehending the erring outlets, the sharp practices would have been reduced significantly, if not totally eradicated. It is not hard to imagine that as soon as the brief surveillance that precipitated the statement issued in Abuja was completed, the affected stations’ technicians returned the fuel pumps to the cheating mode in order to continue the rip-off. It is even apposite to ask questions regarding the weigh bridges along the country’s major roads where these trucks were weighed in the past. Are they still in use?  If yes, the rip-off must then be at the instance of conniving regulators, lax enforcement and carefree compliance.

One good thing about Mr. Sidi’s revelation however is the acknowledgement of the proper procedure often neglected  by the establishment in the corruption conundrum in which the oil industry is submerged. Now that the lid covering the sharp practices of the oil marketers has been lifted, we can only hope that Nigerians will heave a sigh of relief, experiencing fairer deals from subsequent transactions.

 


WATCH TOP VIDEOS FROM NIGERIAN TRIBUNE TV

  • Back to School, Back to Business A Fresh Start

  • Relationship Hangout: Public vs Private Proposals – Which Truly Wins in Love?

  • “No” Is a Complete Sentence: Why You Should Stop Feeling Guilty

  • Relationship Hangout: Friendship Talk 2025 – How to Be a Good Friend & Big Questions on Friendship

  • Police Overpower Armed Robbers in Ibadan After Fierce Struggle


    Get real-time news updates from Tribune Online! Follow us on WhatsApp for breaking news, exclusive stories and interviews, and much more.
    Join our WhatsApp Channel now


Previous Article Brexit British lawmakers reject Theresa May’s Brexit deal for second time
Next Article Financial Resilience, Financial Resilience, Get a financial makeover, Back to Basics, Back to Basics, Back to basics, black friday, personal budgets, wealth creation, budgeting, planning, financial makeover, poverty, Harvard University, benefits of compound interest, compound interest, investment, successful people, financial knowledge, get-rich-quick, Retirement Savings, Financial discipline, Planning , finance apps, mobile apps, personal finance, school, habits , Personal budgets, wealth protection, personal finance terms, personal finance, economy , Real estate investments, savings, Financial inclusion, financial inadequacy, due diligence, Money market, dependents Exercising due diligence

Most Read

  • JAMB resolves 50,370 complaints in three months, begins preparations for 2027 UTME
    JAMB resolves 50,370 complaints in three months, begins preparations for 2027 UTME
  • Welcome to your new home, FUTA VC tells fresh students
    Welcome to your new home, FUTA VC tells fresh students
  • 2027 UTME: JAMB lists six things candidates must do before registration
    2027 UTME: JAMB lists six things candidates must do before registration
  • How I sexually assaulted, filmed woman naked over N600,000 debt — Suspect
    How I sexually assaulted, filmed woman naked over N600,000 debt — Suspect
  • BOUESTI presents 36 academic programmes to NUC for accreditation
    BOUESTI presents 36 academic programmes to NUC for accreditation
  • 15-year-old FCT student wins 2026 UBA national essay competition
    15-year-old FCT student wins 2026 UBA national essay competition
  • Ex-LASU VC, Prof Olatunji-Bello, named Redeemer’s varsity Pro-Chancellor
    Ex-LASU VC, Prof Olatunji-Bello, named Redeemer’s varsity Pro-Chancellor
  • ‘Uzodimma has corrected injustice against Northern community in Imo’
    ‘Uzodimma has corrected injustice against Northern community in Imo’
  • Tinubu to Nigerians: We’ll provide reliable electricity if re-elected
    Tinubu to Nigerians: We’ll provide reliable electricity if re-elected
  • Opay to customers: How to check eligibility for FG’s N50,000 cash support
    Opay to customers: How to check eligibility for FG’s N50,000 cash support

Frontpage Today

Subscribe to e-Paper

E-Vending, e paper, pdf, e-paper, Tribune
QUICK LINKS

About Us
Advertise with Us
Contact Us
Privacy Policy
Disclaimer
Editorial Policy
Corrections Policy
Terms & Conditions
COLUMNS

Aplomb
Ask The Doctor
Autoclinic With The Mechanic
Awo's Thought
Empowered For Life
Festus Adebayo's Flickers
Gibbers
Intimacy
Language & Style
Leadership & Management
Lynx Eye
Monday Lines
Mum & Child
Natural Health
Notes from Atlanta with Farooq Kperogi
On The Lord's Day
Your Life Counts

ENTERTAINMENT

Entertainment

RELIGION

Tribune Church
Church News
Muslim Sermon
Eye of Islam
Islamic News

EDITORIAL

Editorial
Opinion
Letters
News Extra

BUSINESS

Capital Market
Money Market

REGIONS

Niger Delta
Arewa
MORE

Sexuality & Health
Special Report
Sports
Tourism
Travelpulse & MICE
Weekend Lagos
Book Review
Education
Event Digest
Crime & Court
Ecoscope
Energy
Maritime
Aviation
Brands & Marketing
Agriculture
Info Tech
Labour
Leadership & Management
Arts & Culture
Arts & Reviews
Politics
Health News
© 2026 African Newspapers of Nigeria Plc. All Rights Reserved. | Disclaimer | Privacy Policy | Editorial Policy | Corrections Policy | Terms & Conditions

Add Tribune Online to your Homescreen!

Add
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?