Oil business be it distribution, trading or exploration is capital intensive that requires enhanced technical know -how and optimal efficiency in management. Without tactical and strategic planning and implementation, it becomes quite easy to go into debts. The problem of debts that was accumulated by Ifeanyi Ubah and its Capital Oil is an indicative of a management lapses that can be corrected when the parties involved sit down, sort things out and work together. With company’s reform, pragmatic orientation and sound management the financial climate will improve. But before that debt re-negotiation and restructure are the ways forward for Capital…