Ifeanyi Ubah, the managing director of Capital Oil and Gas Limited has been arrested by the Department of State Services.
Ifeanyi Ubah
The agency revealed the arrest today in a statement by spokesman, Tony Opuiyo.
Opuiyo aid Ubah was arrested on Friday in connection the theft of petrol kept in his tank farm in Lagos by the Nigerian National Petroleum Corporation. The product was valued at over N11 billion.
The agency said Ubah’s action amounted to economic sabotage, with “capacity to negatively impact on national economy”.
Opuiyo gave additional reasons for Ubah’s arrest. He said he has further engaged in other activities inimical to national security and public order.
“In furtherance of his gimmicks to undermine the government and people of Nigeria, he has incited members of the Petroleum Tanker Drivers (PTD), a critical player in the downstream sub-sector of the Petroleum Industry, to refuse/stop the lifting of products.
“This is part of his plans to curry their sentiments and cause them to embark on strike and also stage protests in his favour 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.
” The public is hereby reassured that the Service will collaborate with appropriate agencies to ensure that the mischievous activities of any person or group(s) to engage in illegal activities will not affect the effective distribution of products across the country. It will also support such agencies to bring to book individuals or companies involved in any criminal act that undermines the nation’s economy”.

Source:
http://www.vanguardngr.com/2017/05/breaking-dss-arrests-ifeanyi-ubah-n11b-oil-theft/

nkwuocha1:
Hmm.
Northern agenda. Na only him dey thief oyel? Yeye dey smell. Rubbish!

Watch as Ndi AFON-NJO will scamper here like tse tse fly to poo

biafran spoted... they will never learn...
You think say everybody go be like ona biafran-governor-Fayose... 2 sided coin..

modified:
Na ona way be that sha...
To be a billionaire is not a day job...

FTC thoh!!

no be today

I have a feeling all my Igbo brothers on this thread will blame Yorubas for the arrest of this man- even though na proper Thief him be- And Yoruba have nothing to do with his arrest.

That typical "We must protect our own criminal" attitude that most Nigerians have.

Ehen... one below me has started.

Hmm.
Northern agenda. Na only him dey thief oyel? Yeye dey smell. Rubbish!

Watch as Ndi AFON-NJO will scamper here like tse tse fly to poo

Am suspecting something .

If it happens that no one comes here to write... "They are arresting Igbos because....", then I know there's hope for a better Nigeria ahead.

Daura Service, Biko unu hapu Nwa Nne mu aka

The same ifeanyi we all know?

Igbos what did we do to deserve such thiefery

theft of petrol kept in his tank farm in Lagos by the Nigerian National Petroleum Corporation. The product was valued at over N11 billion.

Industrious thief

No rich man in Nigeria that won't have connection with stealing, he dey blood

The same person sons and daughters of fallen demon (skull miners) commended for preaching one Nigeria, are the same set of people that are calling for his head.

Indeed, you all are truly descendants of fallen serpent.

Uba you see your life...

Interesting days ahead.

If indeed he did as he is accused then he should remit the funds back to fg.

And the sorry continues

Yes nah, why won't they arrest him? Anything to bring down an igbo man is welcomed... How many times have the likes of dangote, danjuma etc been arrested? oh, I forgot they are saints who should be emulated because they have never faulted and never will.

DSS again

God punish this thief and the ubah brothers in anambra state

Buhari showed up, high profile arrest is made...nice.
I just hope he is aware of things happening around him

I NOTICED THAT FOR LONG; THIS MAN NA WALKING BANK

UBAH: UNINTERRUPTED BANK OF ANAMBRA HOUSTON

Another story to make us forget about the sick vegetable we call a President.

Since money no dey to plant somewhere, arrest can kuku be made.


Hope Babachir Lawal don dey kirikiri too?

U.B.A is in trouble again! abeg make I go withdraw all my money from the bank

Mhen this is poor

or is ut cus of the project he got going on in nnewi?

Ok

You release Nnamdi kalu and want to replace him with Ifeanyi Uba? This country sef

ok

TrapHedges:
Mhen this is pure

or is ut cus of the project he got going on in nnewi?

Hugs

Not again, dis man and trouble be lik 5&6

2moro, he would come out and say it's a lie...

I tire for all these news.