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3 June 2015

Do not be a victim of fuel fraud!




Fuel has always been an integral component of our lives in Nigeria. The unfaltering challenges with power supply and distribution faced over the years by Nigerians has resulted in us being especially dependent on petrol and diesel for running generators in the homes and workplaces.

The cost of running a 150KVA generator for business operations from 8am to 5pm is substantial.

The average fuel usage for running a 9-5 is at 85 to 95 liters’ a day with a normal price of N135 (One Hundred and Thirty Five Naira) per litre which equals to about N12, 000 every day. In these climes, with its scarcity being the order of the day, fuel is practically liquid gold… a rare and precious asset. 

Imagine having to spend triple the amount of the average fuel consumption per day, 12,000 multiplied by 3 that is N36, 000 just on fuel for one day. Let’s not even go into how much diesel would cost. Businesses have had to put a halt on operations due to this current fuel’s scarcity; banks are shutting down at 1pm just to save up fuel for the next day’s operations. Sad as it may be every other aspect of lives has been tremendously affected by this situation. The last thing you want to worry about is a dishonest staff smuggling your precious “Liquid gold”



Across small and large businesses alike, it is commonplace for staff involved in running the generators to engage in theft of resources or facilitate leakages in the operating process. A typical instance is where the fuel supplier connives with the administrative staff or security to supply less than the agreed amount and the price differential is shared amongst the involved fraudsters. This increases the cost of production and decreases operational efficiency of the said establishment. How can you curb this pilferage? Is it possible to conveniently monitor your “liquid gold?”
For the majority of those that are heavily reliant on generators for power, you could be saving a significant percentage of your fuel expenses by wisely investing in a Fuel Monitoring solution.
Concept Nova’s fuel manager is a fuel monitoring solution that gives a realistic analysis of your fuel consumption using web based technology. This solution is a combination of a hardware fuel monitoring device (sensors and probes) and a robust cutting edge web-enabled application, giving it the ability to capture real-time statistics on the movement of fuel in and out of the asset/vessel, as well as location of asset.
Mangers are now able to monitor in and out flow of your company’s fuel and how much fuel has been consumed within a specific time frame. The fuel monitoring solution also detects any fuel-theft attempt and when the fuel vessel is being refuelled. This fuel manager is designed as a condition monitor that checks the working hours of your generator also detecting any leakage or faults in the tank. This protects your organization against unforeseeable mishaps and asset malfunctions. Getting this fuel monitoring solution would not only help your organization optimize its fuel usage thereby reducing costs but it would also increase the overall operational efficiency of the company. With this solution your worries about fraud, fuel theft, operational and cost inefficiencies can be curbed
Look no further! Concept Nova’s fuel monitoring solution has been specially designed to cater to these needs. Your organization does not have to be a victim of “fuel fraud” especially in these trying times. Improve in fuel efficiency and reduce fuel cost with Concept Nova’s fuel monitoring solution
For more details on the fuel manager visit Concept House, 32, Montgomery Road, Sabo-Yaba, Lagos, Nigeria or call 07026333742, 07046180256 Email: info@concept-nova.com

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