The Chairman of Capital Oil and Gas Limited, Ifeanyi Ubah, has been arrested by the Department of State Services (DSS).
The DSS disclosed this in a statement issued on Saturday by its spokesman, Tony Opuiyo.
Opuiyo said Ubah was arrested on Friday in connection with the theft of petrol kept by the Nigerian National Petroleum Corporation (NNPC) in his Lagos tank farm.
The product was valued at over N11 billion.
The agency said Ubah’s action amounted to economic sabotage, with “capacity to negatively impact on national economy.”
Opuiyo said the Capital Oil and Gas chairman also engaged in other activities inimical to national security and public order.
He said, “In furtherance of his gimmicks to undermine the government and people of Nigeria, he has incited members of the Petroleum Tanker Drivers (PTD), a critical player in the downstream sub-sector of the Petroleum Industry, to refuse/stop the lifting of products.
“This is part of his plans to curry their sentiments and cause them to embark on strike and also stage protests in his favour with the ulterior motive of arm-twisting the NNPC to abandon the cause of recovering the stolen products. The implications of this on law and order are common knowledge. It is consequent upon this that the Service arrested and will prosecute him forthwith.
” The public is hereby reassured that the Service will collaborate with appropriate agencies to ensure that the mischievous activities of any person or group(s) to engage in illegal activities will not affect the effective distribution of products across the country. It will also support such agencies to bring to book individuals or companies involved in any criminal act that undermines the nation’s economy.”
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See make sure you have authentic evidence if not when you prosecute him his lawyer will defend him tactically. Take note
ReplyDeleteAuthentic evidence ke, authentic nonsense ni
ReplyDeleteWhere were they when products to the tune of #11billion was been trucked out from Ifeanyi Uba's Depot?
Do you know how long it will take to truck out such an amount of product?
Which account were Marketers paying into as trucking was going on?
The truth is that -Ifeanyi Uba defaulted on the agreement entered into with NNPC cabals as WE do often use the word to the sharing percentage, now they are coming to sing a different song to Nigerians.
Assuming the deal went as planned, will anyone of us hear this foul cry from the NNPC?
MTchewwww
Who is a blind man deceiving that he is asleep?
Trust Igbo man Na with ego
Well you made sense but don't forget all these happened in the chop I chop regime , d GEJ era, d throwayface era , if u remember , during d last scarcity , UBA claimed he bailed us out by releasing trillions of liters of PMS into d economy, same he did during d dollar scarcity releasing dollars into d economy like say him be United Nations but we kno he stole them n day of reckoning is here !! He can't get out of dis except PDP takes over !! Fucking criminal !!
ReplyDeleteAre angry that bailed out the masses when the federal govt could not do anything,one thing you should know is that deals that go on in the Nnpc if they get published 😳 so I ask you how can a man without a gun steals this amount of oil in broad daylight ..Haba be smart,forget party bias and stop thinking from the anus
DeleteOlatunji badmus I shake my head for your ignorance...please go and read,and get your facts right before coming here to vomit thrash.....
ReplyDelete