Tag: ifeanyi ubah
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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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PDP suspends Capital Oil boss, Ifeanyi Ubah
The Peoples Democratic Party (PDP) on Wednesday announced that it has suspended Ifeanyi Ubah, chairman of Capital Oil and Gas Ltd. A statement issued by the national caretaker committee of the party said Ubah was suspended for making disparaging allegations against the party over the Anambra governorship primary election which he lost to Oseloka Obaze.…
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NNPC has owed me N16bn for two years – Ifeanyi Ubah
The Chairman of Capital Oil, Ifeanyi Ubah, on Thursday said claims that he was owing Nigerian National Petroleum Corporation N11 billion was false. Ubah made the disclosure at the on-going public hearing organised by the House of Representatives Committee on Petroleum Downstream. The committee is investigating how 82 million metric litres of petrol belonging to…
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Breaking: DSS release Capital Oil boss, Ifeanyi Ubah
The Managing Director of Capital Oil and Gas Limited, Ifeanyi Ubah, has been released from Department of State Services, (DSS) detention. A source very close to the oil tycon told TheNewsGuru.com that he was released yesterday night unconditionally by the security outfit. Recall Ubah was arrested detained by the DSS in connection with the theft…
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Ifeanyi Ubah: Appeal Court backs N43bn probe by EFCC
The Abuja Division of the Court of Appeal has given the Economic and Financial Crimes Commission, EFCC, nod to continue its investigation of Capital Oil and Gas Limited and its Managing Director, Ifeanyi Ubah, for alleged complicity in a N43.29bn petroleum subsidy scheme fraud. EFCC and the police had levelled them allegations of obtaining subsidy…
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BREAKING: Court stops Ifeanyi Ubah’s release, backs DSS to detain him for another 14 days
Minutes after a Federal High Court in Lagos ordered the Department of State Service to release embattled oil magnate, Ifeanyi Ubah, within 48 hours, another court in the Federal Capital Territory has given the agency the nod to hold him for another 14 days. Justice Yusuf Halilu of the FCT Federal High Court on Thursday…
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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…
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Fayose labasts DSS over detention of Ifeanyi Ubah
Ekiti State Governor, Ayodele Fayose has condemned the Department of State Services (DSS) arrest and detention of the Managing Director of Capital Oil and Gas Limited, Ifeanyi Ubah, lamenting that, “the DSS is becoming law unto itself and dragging Nigeria back to 1984 when Decree 2 was used by the National Security Organisation (NSO) to…
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JUST IN: DSS arrests Ifeanyi Ubah
The Department of State Services, DSS, on Saturday said it has arrested Chairman of Capital Oil and Gas Limited, Ifeanyi Ubah The department made this disclosure in a statement by its spokesman, Tony Opuiyo Opuiyo said the former guber aspirant in Anambra State was arrested on Friday in connection with the theft of petrol kept…