" ITREALMS: For stealing: DSS arrests Ifeanyi Ubah of Capital Oil

Saturday, May 06, 2017

For stealing: DSS arrests Ifeanyi Ubah of Capital Oil

The Nigeria Secret Police, otherwise known as the Departmentof State Services (DSS) has explained the arrested of the Managing Director of Capital Oil, Mr. Ifeanyi Ubah, for alleged stealing, reports ITRealms.

Ifeanyi Ubah, ITRealms gathered was arrested on Friday for "economic crimes of national security dimension". 

DSS in a press statement by one Mr. Tony Opuiyo, explained that Ubah's arrest was specifically on acts of economic sabotage, which comprised stealing, diversion and illegal sale of petroleum products stored in his tank farm by the Nigeria National Petroleum Corporation (NNPC).       

"So far, it has been established that the products stolen amount to over N11billion. There is no doubt that Ubah’s acts have the capacity to negatively impact on national economy," DSS said, stressing that he also engaged in other activities inimical to national security and public order.

In addition, DSS claimed that Ifeanyi Ubah has incited members of the Petroleum Tanker Drivers to refuse/stop the lifting of petroleum products, which amounts to undermining of the Federal Government.

"This is part of his plans to curry their sentiments and cause them to embark on strike and also stage protests in his favor 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," Opuiyo explained.

Uboshe Uboshe/GEE
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