Naval Staff, Vice Admiral Emmanuel Ikechukwu Ogalla’s directives to stamp oil theft out of the maritime environment.”
An unbothered Ariyo told reporters that he started the business five years ago and secured a N50m loan from a bank.
It was learnt that the business was not registered with the Corporate Affairs Commission (CAC), and has been getting supplies from workers in oil vessels popularly called “Remain on Board” (RB).
Also, he bought products from depots with waybills that permitted him to load in Apapa.
The 47-year-old Ariyo said: “Since I started about five years ago, I deal only on Diesel (AGO) and retail the product to individuals within Jakande, Agunji, Igbo-Efon, Ajah and its environs.
“I bought four of the tanks from a filling station for N1.5m each after the station discarded during renovation.”
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