atlwireles: 06 November 2014, Lagos - The Asset management company of Nigeria, AMCON, has handed over of Capital Oil Group to Ifeanyi Ubah, after amicable settlement of all outstanding issues between both parties.
The has also debunked what it described as “some false statements,” including sacking of some staff.
In a terse statement, by Kayode Lambo, AMCON’s spokesman, said “the insinuation that AMCON may have laid off staff is incorrect. Capital Oil may be referring to possible loss of jobs down its own supply chain that may have been affected when there was a stand-off while the court order obtained by Amcon was being contested by Capital Oil itself.”
An earlier statement by Lambo announcing the return of Capital Oil Group to Ubah, linked the development was sequel to “amicable settlement of all pending legal disputes between the parties.
“Cosequent upon this settlement, Chief Patrick Ifeanyi Ubah will be resuming his role as the Managing Director /Chief Executive Officer of Capital Oil and Gas Group.
“His resumption as the MD/CEO of Capital Oil/Gas brings to an end the management of Capital Oil/Gas by AMCON… “, the statement added.
His company was indicted by Mr Aigboje Aig- Imoukhuede’s led 15-man Presidential Panel constituted by President Goodluck Jonathan to re- investigate the findings of the report of an earlier investigation panel set up by the Ministry of Finance on Fuel Subsidy payments valued at over N2 trillion.
Where was he absolved of fraudulently receiving subsidy payments in the report you quoted above??
Sealeddeal: OP,what proof do you have to show that it is GEJ that released Capital oil and gas to its owner,Ifeanyi Ubah?
AMCON operates under the thumb of the president without whose approval properties/assets of this nature can neither be confiscated nor relinquished. One would simply be playing the ostrich by trying to absolve the president of involvement in this.
kasiem: from the spelling of ifianyi which is supposed to be ifeanyi u will finally realise that this op is not an igbo person who has been claiming to be
Go to hell in six different ways. And don't try to derail the thread.
Question remainsn why was capital oil returned to Uba??
The Nigeria Police has arrested the Managing Director of Capital Oil & Gas Industries Ltd , Mr Ifeanyi Uba , over the alleged involvement of his companies in the fuel subsidy scam. The oil magnate who arrived the Unit in the company of his team of lawyers was interrogated today by the Special Fraud Unit , Milverton Ikoyi.
His company was indicted by Mr Aigboje Aig- Imoukhuede’s led 15-man Presidential Panel constituted by President Goodluck Jonathan to re- investigate the findings of the report of an earlier investigation panel set up by the Ministry of Finance on Fuel Subsidy payments valued at over N2 trillion.
The Asset Management Company of Nigeria (AMCON) yesterday reinstated Mr. Ifeanyi Ubah as the Managing Di rector/Chief Executive Officer (CEO) of Capital Oil and Gas (COG), nearly 17 months after it took over the assets and management of the oil firm following a controversial loan deal involving Access Bank and Coscharis Group.
The reinstatement of Ubah puts to rest the close to two years management of the company by AMCON.
Ifeanyi Uba is the major financier and coordinator of TAN.
Why was capital oil returned back to him?? Why isn't he in jail??
Nb: I need cogent answers. This is an ongoing research work.
Cc: Seun, Obinoscopy. Please can we have this on the front page?? What is sauce for the goose is also sauce for the gander.
berem: Seun moved the thread to front page. I saw him viewing before he moved it. At a time when Nigerians are being killed almost on daily basis,this is the time Nigerians should reflect on the future of our beloved country,what has he done through his forum to unite Nigerians? Absolutely nothing!
Acidosis,I hope you get the research you are looking for since nairaland is now a place for you to do your research .
Nonsense!!
Seun your bias is becoming shameful. What is the meaning of this?? Was this moved to the fp because the op called you his/her mentor or because it is a research thread Do we now suppose if we do same, our threads would receive thesame treatment??
Remember that thread where you made that highly disgusting comment about the General when he LOST HIS WIFE?? We still have that fresh on our minds and like nairaland, WE WILL NEVER FORGET!! We understand your hatred for the gentleman, but you created a PUBLIC FORUM and must run it as such!
MohaSheikh: More than a brand name Buhari is now an ideology, More than a theory Buhari is a fact, More than a proposal, he is now a solution. #GMB2015 haters go hug Transformer
berem: and the number one Buhari hater on Nairaland has moved the idiotic thread to front page.
Forget them. A lot of research question threads will be flooding the politics board soon and may God punish "them" if those threads are not moved to the fp!
tomakint: You are sounding too monotonous with your 'Jonathan is going back to Otuoke' lines....get use to it now....Jonathan shall be your President till 2019!
[size=15pt]Boko Haram Releases New Video On Captured Towns, Shekau Seen Preaching To Locals[/size]
A new Boko Haram video obtained by AFP on Sunday shows militants on an armoured vehicle parading down a road in an unidentified town they apparently control and the group's leader Abubakar Shekau preaching to locals. In the 44-minute video, residents are also shown cheering the terrorists. In addition, Shekau is heard reiterating that there are no ongoing ceasefire talks with the government, and threatening to kill the man purported to be Boko Haram’s negotiator. He also expresses support for ISIS and other so-called caliphates, similar to the one he claims to have established in Nigeria. “To everyone living in Islamic Caliphate, we convey our greetings,” he said, specifically giving a shout out to “brethren” in Afghanistan, Pakistan, Azerbaijan, Shishan/Chechnya, Yemen, Somalia and “the Caliphate in Iraq and Syria.”
OMG!! You must be kidding me!! So who was the guy the military killed??
I don't trust these Americans. Hope they are not covertly arming the terrorists: load a plane with bombs and guns, pilot it to Boko Haram stronghold, and then deliberately subtly "crash" it covering up the actual purpose of the mission which is to deliver arms to Boko Haram to further distabilize the country.
Sadly, we have a bunch of clowns runing the country's intelligentsia.
They can hold a replica in heaven and in hell if they like and tell us Jesus and saTAN sponsored them, we don't care!! All we know is JonaTAN is going back to Utuoke where he belongs next year!!
It was learned that a governorship aspirant on the platform of the APC, (name withheld) was being questioned by the police in connection with the killing.
This has been my grouse with law enforcement!! What is wrong in naming a suspect?? Oh, I see what is wrong, he's likely a big man!!
Had this been about some poor guy who was accused of some petty crime, the police would have invited all media houses including CNN to the station, stripped the "suspect" down to his boxers only, chain him (if he's lucky, he gets handcuffs), make him sit on the ground, and have his name and pictures sent to all ends of the earth in 5seconds!!
Regardless of his political affiliation, the fullness of the wrath of the law must be brought to bear on those found guilty. No one has the right to take another man's life just like that!
jayonpoint: U're insane! Which african? Are u for real? N btw wen has d rule change? Charles Taylor was tried n convinced @ ICC. kenyatta recently stepped down to face investigation panels @ ICC, its a common int'l practice which african countries were signatory. So, wats ur point exactly. U dnt want ur brother to pay for his obvious crime committed against innocent soul murdered @ d prime while denying many families of hope n happiness while he gallivant arnd wit his own family n enjoy his look money. He will nt survive dis.
Before you emit more garbage than you already have, go check my timeline.
FOLLOWING the crisis rocking the All Progressives Congress (APC) in Lagos State...
And somewhere on Nairaland FP
List Of Nigeria Media And Their Political Affiliation
Taking a cusory look at 2015 elections and the lies and propaganda being spewed out, I've decided to list out Nigeria media leanings and their political affiliation so that you can "judge the book by its cover".
ProfessorPeter: Boko haram sponsors are walking free on the street of northern Nigeria and Buhari is seen as messiah while Ihejirika Who "show" boko haram "pepper" is being dragged to ICC.
Odefolio, why don't you go drag Buhari who is the major sponsor to court
@post: ICC can go to hell in 7 different ways!! I hate what they represent and what they do! That court was set up simply to consider cases involving Africans, and some war criminals from some poor Balkan States, including some parts of Asia.
I was disgusted to my marrows when I read that ICC had declined to prosecute the case involving a Turkish Flotila (2011 incident) carrying aids bound for Gaza with dozens of activists on board, ten of whom died when the Flotila was boarded/raided by Israeli soldiers!! 10 unarmed CIVILIANS murdered in broad day light!!!
The court's president says after considering all the facts of the case, there is STONG EVIDENCE TO SUGGEST THAT ISRAEL COMMITTED WAR CRIMES but the court declines to prosecute the case!! Is Israel outside the jurisdiction of the court What about George Bush and Tony Blair?? Just a couple of weeks back, they arm twisted Uhuru Kenyata, President of a sovereign nation, to appear before them yet they can't prosecute a single Israeli soldier, it is beyond them!! ICC represents the height of double standards and hypocrisy.
Not a fan of Ihejirika, neither am I a fan of Sheriff, but Fvck the ICC and their white supremacist agenda!! Let Africans handle their shiit domestically!
smarthG: So funny how many are fighting for u the Ibos and u are here killing ur brother and selling your birthright to someone you think you know. Cries n regret will just be the end for u all. Almighty Allahs will shall be don, GEJ must be back to ur surprise. Allah will not punniish Nigeria because of the few of u.
Who come be this one?? Are you sure you've not taken one of those solutions that impair one's mental capabilities these days??
Obinoscopy: You still haven't answered my simple and innocuous question. Is it affordable to a man who earns 40K per month? I really want to know the economic strata of our society that can afford these wonderful houses built by Fashola.
For a suppermod what you are doing, blatantly showing your resentment for anything APC, is absolutely inappropriate mr.
I can't count the number of threads in the politics section which have absolutely nothing whatsoever to do with politics, yet have been running on the board for weeks on end! No one's tampered with them!! Why were you so quick to transfer this into this dingy place where people hardly visit?? Haba!!
What is your fixation about people of 40k income range being able to afford the houses?? Is that what your take home is?? Do they look like round huts to you?? How many housing projects built by any governor across the country are affordable by 40k salary earners?? Would the post have landed on the fp or retained in the politics section had you been told it is affordable by that class of income earners
I hate complaining about how some of you guys treat pro APC topics/issues because more often than not, what one gets is a ban rather than a redress. Imagine someone like Nqwakwe being brought back as a mod!! Isn't that just unbecoming of the admin??
If I were you, I'd restore this to its original section.