Tag: Capital Oil
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Reps task SEC to take over Andy Ubah’s Capital Oil
… Vows to Expose Fraud by Ex-CEOs The House of Representatives Committee on Capital Market and Institutions on Thursday asked the Security and Exchange Commission SEC to take over the Capital Oil Ltd, a public liability company incorporated in Nigeria since 1985. The directive was handed down to SEC by the Sub-Committee Chairman…
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Senate approves N348bn subsidy payments to Oando, Capital Oil, 72 others
The Senate on Wednesday gave approval for the payment of outstanding subsidy claims to the tune of N348 billion to Oando, Total, Honey Well, Capital Oil, Conoil, A.A. Rano, and 68 other petroleum marketers. The approval is sequel to a letter on Promissory Note Programme and a Bond Issuance to Settle Inherited Local Debts and…
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2019: Capital Oil boss, Ifeanyi Ubah joins Anambra South Senatorial race
Dr Ifeanyi Ubah, the Chief Executive of Capital Oil and Gas Ltd., has declared his intention to represent the Anambra South Senatorial District at the 2019 general elections. Ubah disclosed his intention during a stakeholders’ meeting of the All Progressives Grand Alliance (APGA), Anambra South zone at Ekwulobia, Aguata Local Government Area on Saturday. He…
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Ifeanyi Ubah, Capital Oil stole N11bn NNPC tells court
The Nigerian National Petroleum Corporation, NNPC, has accused the chairman of Capital Oil and Gas Ltd., Ifeanyi Ubah of using his company (Capital Oil) to divert 84,891,730 litres of Premium Motor Spirit, PMS, valued at N11,144,586,314.40. It (the NNPC) therefore opposed the suit filed by Ubah seeking to be released from the custody of the…