The Managing Director of Concept
Nova, a technology company, Chukwuma Ochonogor, has said the company’s
innovative fuel management system has eliminated the challenge of fuel theft
suffered by many businesses, especially fleet operators in Nigeria.
Ochonogor, made this known during a knowledge sharing session held in Lagos, recently.
The solution named Fuel Control
System (FCS), has a telematics device, a cloud-based software, fuel level
sensor designed to monitor fuel in tanks and its location, thereby assisting
business owners to optimise their diesel consumption, thus offering an abundant
return on investment.
It comes in two variants – a
stationary FCS for tanks and a mobile FCS for trucks.
Ochonogor said: “The Fuel Control
System enables corporate heads, business/asset owners and operation managers in
different industries such as transportation, haulage and Logistics, FMCGs,
shipping and delivery Services, etc have ultimate control over their diesel
“It is a unique and flexible fuel
management solution designed to get real-time information on diesel consumption
and fuelling activities.
“It also allows you to get various
alerts of any unusual and suspicious activities such as diesel tampering, theft
or tampered refuelling process that occurs within your organisation,” he added.
He pointed out that according to the
World Bank, 70 per cent of firms in Nigeria use generators.
This, he said made diesel the second
or third highest expense for organisations.
“Being one of the highest operational
expenses does not deter employees and vendors from stealing diesel. Their acts
increase organisations’ budget which eats into their ROI.
“However, with stationary FCS,
organisations can get prompt alerts that would eliminate theft and reduce
fuelling cost greatly,” he said.
He further explained that the Mobile
FCS has a vehicle tracking feature alongside the many benefits integrated to
the solution. The vehicle tracking feature gives precise information about the
location and time of criminal activity to the authorised individual assigned in
an organisation. “This would aid in taking disciplinary actions and facilitate
effective decision making.
“Fuel theft is one of the many
problems that most businesses operating in Nigeria must grapple with on a daily
“In a report by Fleet Management Weekly by Shell, two out of every five drivers have witnessed their fellow drivers commit fuel-related frauds with fuel syphoning as its highest,” he said.
Source: This Day Newspaper