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3 Apr 2017

Ifeanyi Ubah Speaks Again, Admits DSS Invited Him

The Group Managing Director of Capital Oil and Gas Limited, Mr. Ifeanyi Ubah, has said that he reports at the headquarters of the Department of State Services in Abuja daily and that he is not being detained.

Ubah, who spoke in a telephone interview with a Punch correspondent in Abuja on Sunday, said that the DSS was mediating in a financial dispute he had with the Nigerian National Petroleum Corporation.

When he spoke with the Punch correspondent, he said he was on his way to the DSS office, where he said there would be a reconciliation meeting between him and the officials of the NNPC. He said he was grateful to the DSS for intervening in the matter, adding that he would make a public statement to thank the security outfit on Monday.


“I go there every day. I’m on my way there now. We have a reconciliation meeting with them today. I will make a statement tomorrow (today) to thank the DSS for being able to resolve the issue,” he said.

Ubah is being interrogated over the claim by the NNPC that it had N11bn worth of Premium Motor Spirit stored in facilities of his company.

The NNPC had written both the DSS and the Economic and Financial Crimes Commission, asking them to help it to recover the said amount.

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