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Nairaland Forum / Nairaland / General / Business / Court Freezes Ubah’s Capital Oil Accounts (37076 Views)
Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn / Ifeanyi Ubah's Capital Oil Logo Adorns Olympic Stadium London / FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion (2) (3) (4)
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Re: Court Freezes Ubah’s Capital Oil Accounts by Ibime(m): 9:58am On Apr 16, 2016 |
tankara1010: Ranting of a typical ethnic jingoist and ignoramus with no clue as to the back story In the banking crisis of 2009, Capital Oil was one of the biggest holders of toxic loans owing N100bln to the banks. The CBN bad debt vehicle AMCON bought the loans to stabilise the banks, and now Capital Oil is unable to meet the finance charge of an obligation he signed, you are bleating like a castrated goat. Thunder fire anyone who liked or shared the utter peabrained litany of ignorance you typed above. Is is today that Ifeanyi Ubah became a thief and a 19? How about when he stole N21bln from Cosmas Maduka? https://www.nairaland.com/1093865/ifeanyi-ubah-fraudster-cosmas-maduka 8 Likes 2 Shares |
Re: Court Freezes Ubah’s Capital Oil Accounts by ifevictor: 10:02am On Apr 16, 2016 |
amedave:This is the most reasonable comment I have heard from a SS/SE person for a long time. Instead of stating the obvious and holding their leaders accountable for their ordeals, the are here blaming every other person but themselves. It is only an irresponsible man that keep blaming every one else for his failures 6 Likes |
Re: Court Freezes Ubah’s Capital Oil Accounts by fejicruz(m): 10:02am On Apr 16, 2016 |
Hahahahahaha. Osun State is not a company & it is workers they are owing salary.... Lol. engrchykae: 1 Like |
Re: Court Freezes Ubah’s Capital Oil Accounts by Deen77: 10:05am On Apr 16, 2016 |
Ugo4ema2015: Sometimes you are forced to comment. Do you know this first happen under Jonathan, this has nothing to do with the government is about loan from banks. 2 Likes |
Re: Court Freezes Ubah’s Capital Oil Accounts by Niseamaka(m): 10:10am On Apr 16, 2016 |
tankara1010: You did not touch on the main issue: capital oil and gas inability to repair over 100 billion naira loan acquired from several banks. Keep popular tribal sentiments aside and tell me why the assets of any company who could not meet up with loan repayments should not be frozen temporarily pending the resolution of the issue. 3 Likes |
Re: Court Freezes Ubah’s Capital Oil Accounts by fejicruz(m): 10:12am On Apr 16, 2016 |
Owing a bank is not the problem here. The actual problem is that your Ifeanyi Ubah has not been servicing the loan owed. Get that. tankara1010: 5 Likes 1 Share |
Re: Court Freezes Ubah’s Capital Oil Accounts by shamecurls(m): 10:19am On Apr 16, 2016 |
Ibime: 2 Likes |
Re: Court Freezes Ubah’s Capital Oil Accounts by Nobody: 10:22am On Apr 16, 2016 |
Lot of under 20's on Nairaland. This guy borrowed a 100 billion Naira and refused to pay back since 2007 and you are here shouting wizard-hunting. 6 Likes |
Re: Court Freezes Ubah’s Capital Oil Accounts by afonjay: 10:28am On Apr 16, 2016 |
Generalyemi:u can imagine what dis dude is saying. I travelled to as far as kano is borno n sokoto I bought fuel at 86.50'kobo at filling stations but as close as port harcourt is to refinary I could not see fuel at rate of 86 50 kobo per lilter n u re to be. An IGBO man who was borned to cheat each other. 2 Likes |
Re: Court Freezes Ubah’s Capital Oil Accounts by afonjay: 10:28am On Apr 16, 2016 |
Generalyemi:u can imagine what dis dude is saying. I travelled to as far as kano is borno n sokoto I bought fuel at 86.50'kobo at filling stations but as close as port harcourt is to refinary I could not see fuel at rate of 86 50 kobo per lilter n u re to be. An IGBO man who was borned to cheat each other. 1 Like |
Re: Court Freezes Ubah’s Capital Oil Accounts by gabbytabby: 10:30am On Apr 16, 2016 |
Generalyemi: why does he owe so much to the bank then. Is he syphoning capial oil money to his personal offshore account. 4 Likes |
Re: Court Freezes Ubah’s Capital Oil Accounts by chidozieikeji2: 10:34am On Apr 16, 2016 |
U can flog a child for a long time but not forever God is watching |
Re: Court Freezes Ubah’s Capital Oil Accounts by modath(f): 10:42am On Apr 16, 2016 |
amedave: Thank you... EoD 2 Likes |
Re: Court Freezes Ubah’s Capital Oil Accounts by modath(f): 10:44am On Apr 16, 2016 |
oyb: Please enlighten me, heard whispers but don't have a clear picture, thank you. |
Re: Court Freezes Ubah’s Capital Oil Accounts by Nobody: 11:17am On Apr 16, 2016 |
modath: https://www.nairaland.com/1093865/ifeanyi-ubah-fraudster-cosmas-maduka https://www.nairaland.com/1098517/cosmas-maduka-how-ifeanyi-ubah https://www.nairaland.com/1100866/coscharis-group-pure-water-business tldr - Ubah met cosmas somewhere - gave the usual my business is struggling because i am being persecuted blah blah blah blah ; cosmas then uses his influence in access bank to help ubah secure loans to lift product. ubah however diverts the loan to capital projects. 1 Like |
Re: Court Freezes Ubah’s Capital Oil Accounts by Nobody: 11:21am On Apr 16, 2016 |
That's what you (Biafran) get, when you ignorantly don't know that you're a prince. But instead beg to dine with slaves (Hausas) |
Re: Court Freezes Ubah’s Capital Oil Accounts by Positivist: 11:27am On Apr 16, 2016 |
tankara1010:Did you read the part where it was said that the reason for the freezing is as a result of the heavy debt the company owes several banks? 2 Likes |
Re: Court Freezes Ubah’s Capital Oil Accounts by creflo22: 11:37am On Apr 16, 2016 |
You guys should start ignoring this uninformed faceless people commenting. Ifeanyi ubah should even be in jail for punching and slapping the opponents of his team during a football match! The crime is called aggravated assault and in developed and sane countries with respect for the rule of law it attracts jail time! 1 Like |
Re: Court Freezes Ubah’s Capital Oil Accounts by diegwu01: 11:41am On Apr 16, 2016 |
Ibime: 1 Like |
Re: Court Freezes Ubah’s Capital Oil Accounts by diegwu01: 11:45am On Apr 16, 2016 |
amedave:Word! thank you bro. 1 Like |
Re: Court Freezes Ubah’s Capital Oil Accounts by franugo(m): 12:12pm On Apr 16, 2016 |
tankara1010: Either u are purposely playing d fool card to lead us on or u are actually this stewpid in real life...question dt u r supposed to ask is who is n who is not servicing his/her loan{s}, not all these shit u r spewing here 1 Like |
Re: Court Freezes Ubah’s Capital Oil Accounts by obailala(m): 12:21pm On Apr 16, 2016 |
tankara1010:Take this your gutter 'victim mentality' and 'persecution complex' reasoning to the trash, N100billion is a lot of money. The report says someone has a major debt issue and all you can think of is marginalisation? Is he the first person to have his assets frozen due to loan defaulting? Should he be above the law because he is from a particular section of the country?... Tufiakwa for the resoning of an average Igbo youth (especially since GEJ days). 1 Like |
Re: Court Freezes Ubah’s Capital Oil Accounts by obailala(m): 12:35pm On Apr 16, 2016 |
tankara1010:You must be one of the very many dull people out there who are incapable of using your God given brains to think, but rather have allowed yourself to be bound in mental slavery. Today the reason why most shippers prefer the Lagos ports and run away from the southern seaports is because of security challenges, pirates, militants etc. The largest importers today in Nigeria are Igbos and they would rather use the Lagos ports for its relative security and peace of mind they derive. Security is the single biggest issue which killed the ports in the SS. Now the Navy has been sent in to the Niger-Delta creeks to maintain security, you foolishly oppose this move and would prefer that criminal militants and pirates are allowed to operate freely, but you turn around to complain that the seaports in the SS are being allowed to die. You are indeed very unintelligent and confused and it is because people like you are in great numbers, that is what actually drags down the development of the potentially viable SS and SE. 2 Likes |
Re: Court Freezes Ubah’s Capital Oil Accounts by AceRoyal: 12:49pm On Apr 16, 2016 |
birmingham04:FYI I'm not Igbo or an IPOB youth. Don't judge based on assumptions,he has been having it really rough since this government came into power. You claim to love all tribes but ur post has tribalism written all over it. one love. |
Re: Court Freezes Ubah’s Capital Oil Accounts by Guk: 1:06pm On Apr 16, 2016 |
tankara1010: You and your fellows who clicked "Like and Share" are so ignorant, am sure you do not even know what AMCON means. Ifeanyi Ubah is one of the greatest destroyers of our economy. He was owing Banks hundreds of billions of Naira. He refused to pay. To make sure the banks don't collapse, AMCON, bought his debts so that he can pay over time but he went to GEJ and got his company back plus billions of Naira for TAN. If you don't have a job today, he is one of the major causes as money meant for u and I from GEJ was dashed to him. Ifeanyi Ubah is so chronic a debtor that even his fellow village man Cosmos Maduka.. Coscahris took him to court for duping him His problem now has nothing to do with this Govt. This is a case that has been on for years which he has been dodging. Pls Google Ifeanyi Ubah and go and read about his ways and stop all these ignorant behaviour 3 Likes |
Re: Court Freezes Ubah’s Capital Oil Accounts by wacoj(m): 1:08pm On Apr 16, 2016 |
I hear Esu's voice but In Jacob's body. Northerners at it again... |
Re: Court Freezes Ubah’s Capital Oil Accounts by gbishman: 1:19pm On Apr 16, 2016 |
This is a man who claimed to have the magic wand in changing the economic fortunes of the country with any theoretical evidence and now he can't even save 1 Like |
Re: Court Freezes Ubah’s Capital Oil Accounts by modath(f): 1:21pm On Apr 16, 2016 |
oyb: I have read & I'm just stunned!! Cc Tankara1010 .... see dirty linen!! |
Re: Court Freezes Ubah’s Capital Oil Accounts by ogmaskman: 2:37pm On Apr 16, 2016 |
tankara1010: How gullible. Do you know the reason AMCON was established. Why not ask question bfor u confuse pple. I am sure you know but you would rather play to the gallery. How quick for you to jump to the defence of Uba via a vis the igbo nation. Apart from the infamous TAN project which other project (investment) has he blesséd the igbo nation with. How easy for you to see thru your myopic mind the deprivation of the igbo nation by the buhari led govt because one man has refused to pay back his loan. We ddnt hear this kind of "patriotic" cry when the coaster rail project was removed and the money shared by even the southeastern sin-ators in the form of constituency project. Maybe the rail project isn't important afterall. Let me not even go to the Niger delta issue u raised. I do not have all the time to purge ur obviously skewed mindset. Back to AMCON. AMCON's duty is to buy bad debts and then find a way to get back their money. Capital oil and gas had a debt repayment issue with its creditors about 2 yrs ago. AMCON as a body set up by the govt to tackle such issues stepped in and bought the debt thereby invoking all relevant clauses. If for any reason capital oil fall short of any of the clauses, which in this case is very possible, AMCON will approach the law court for the protection of its investment. Btw, Uba's albatross is a certain biafran, cosmas maduka. Broda, always strive for the truth because the truth shall set you free. I won't go further than this because I might be flogging a dead horse here. Some pple only believe what they feel and not what is right or constitutional. Shallom. 3 Likes |
Re: Court Freezes Ubah’s Capital Oil Accounts by spartanobad(m): 2:51pm On Apr 16, 2016 |
uduak2016:M not surprised wit the way our oil sector z going down, I think they need to b checked |
Re: Court Freezes Ubah’s Capital Oil Accounts by ogmaskman: 2:55pm On Apr 16, 2016 |
Quakertellicus1: Thank god GEJ did not win the election. Recall AMCON took over capital oil at some point but suddenly returned it back to uba bfor the elections. GEJ was a flight risk as the president of Nigeria. God!!! I can't say anymore. 2 Likes |
Re: Court Freezes Ubah’s Capital Oil Accounts by jaxxy(m): 3:26pm On Apr 16, 2016 |
RockHard: He's not d only debtor within/outside d sector. Get real Cc: Modath |
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