Copy

Saturday, 6 May 2017

Capital Oil Boss, Billionaire Ifeanyi Ubah Arrested By DSS Over N11 Billion Oil Theft

 
The managing director of Capital Oil and Gas Limited, Ifeanyi Ubah has been arrested by the Department of State Services. The agency revealed the arrest today in a statement by spokesman, Tony Opuiyo. Opuiyo said Ubah was arrested on Friday in connection the theft of petrol kept in his tank farm in Lagos by the Nigerian National Petroleum Corporation. 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 gave additional reasons for Ubah’s arrest. He said he  has further engaged in other activities inimical to national security and public order.
 
“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 is, in fact, a 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”.
 
Source: NAN

No comments:

Post a Comment

I’m glad you visited Alabekee’s blog. I love to read your opinion. Please spare me few minutes of your valuable time and drop a comment because it will motivate me to blog better.

DISCLAIMER: Please note that apart from www.alabekee.com, Alabekee does not own any other blog/website. Also bear in mind that comments on this blog are not posted by Alabekee. Alabekee’s blog readers are totally responsible for the comments they post on www.alabekee.com.

Contact me for Inquiries/Tip-offs – alabekee44@gmail.com or Call 08060623254/09051251337

Follow me on Twitter-@AlabekeeOla
Instagram - alabekeesblog
Facebook - Alabekee Ola

Thanks so much for being part of Alabekee’s blog!