The President, Masters Oil and Gas Ltd, Mr Uche Ogah has denied reports making the rounds that he has been arrested and detained by the Economic and Financial Crimes Commission, EFCC over an oil deal with one Bridget Adeosun that went awry. Addressing journalists, yesterday, Ogah described the report as “false, wicked and fabricated”. He said, “ I was neither arrested, detained, nor under any investigation for any criminal charge whatsoever. The EFCC has a process of inviting anyone under investigation, either in writing or by inviting you through other means. That has not been done, as you can see me physically here”. Recounting the genesis of the misunderstanding with Adeosun, Ogah said the woman met him sometime in 2011 through one member of his Staff for financial assistance in the procurement of import license for Premium Motor Spirit (PMS). According to him, he insisted on going through legal and other due processes in the alliance with her. “The transaction was properly executed. I spent N1.8 billion and made a loss of N10 billion. This transaction took place in 2011. She never argued or refuted anything from that day until when they paid us interest on foreign exchange differentials. She rushed to the DMO to claim the N51million interest. We stopped her at the DMO with an injunction,” he explained. Ogah further added that despite the fact that the woman has dragged him to five police stations and the EFCC since then, he had always floored her; a situation he believes is responsible for her frustration. He revealed that the former Inspector General of Police, IGP Solomon Arase hurriedly took the case to court on the eve of his retirement, adding that he wrote to the new IGP Ibrahim Idris, two weeks ago demanding that the case be re-investigated, vowing that he will never succumb to the Adeosun’s blackmail. He also said that he was aware that his political detractors were using Mrs. Adeosun. Ogah said his efforts so far, even through Adeosun’s church to make her see reasons has not yielded fruits, vowing that he will continue to play along with his good conscience on the matter.

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