₦airaland Forum

D

Where are the petroleum products he was given to store at his depot?

chronique:
Nigeria is a Banana Republic. The DSS has never been this useless until buhari became president. Dss is now an ajese poki-poki agency, that does all the jobs of all the security agencies. Very soon, they would soon add traffic warden and vio and roadsafety Operations to their work.

Some pple will just come on nairaland talk as if den papa waste money to train dem
He should tell us the whereabout of the product with him simple

This is a fact DR Uba,DSS over to you

Flashreporters:
The chairman of Capital Oil and Gas limited, Andy Ubah has described his arrest by the Department of State Services as a complete attempt to blackmail him.

The oil magnate said the claim by the DSS that he was involved in theft of petrol kept by the Nigerian National Petroleum Corporation, NNPC, in his tank farm in Lagos was a wrong accusation.

The agency on Friday picked up Ubah over his connection with the missing petroleum product, which was valued at over N11bn.

The department said Ubah’s action amounted to economic sabotage, with “capacity to negatively impact on national economy”.

Reacting, however, in a statement issued on Monday and obtained by DAILY POST, Ubah said his arrest by the DSS was a breach of his fundamental right to liberty, freedom of movement and association.

The statement signed by the management of the company said all the allegations leveled against their boss, Ubah were false and unfounded.

The statement reads in full.

The incarceration of our Chairman by DSS is unlawful, a disregard for the rule of law and a breach of Dr. Ubah’s fundamental right to liberty, freedom of movement and association.

A similar invitation was extended to Dr. Ubah on the 24th of March 2017, which he honoured as a law-abiding citizen only to be detained in DSS offices in Abuja for almost a month.

During that period a Fundamental Rights Enforcement Application was brought on behalf of Dr. Ubah at the Federal High Court Lagos as Suit No. FHC/L/C/487/2017.

Although an order was made for his production in court in that action, rather than obey the order, officers DSS, using a combination of coercion and cajoling, constrained him to discontinue that action upon an understanding that he would be immediately released. He was not released until over two weeks after he had complied and completely discontinued that action.

Upon his release on the 13th of April 2017, it was now discovered that during his incarceration he had been coerced into executing various documents committing the company to make certain payments and pledge some assets to NNPC Retail Limited. He was also made to execute a document in favour of the Asset Management Corporation of Nigeria (AMCON).

As soon as his doctors permitted access to him an action was brought at the Lagos Division of the Federal High Court seeking, inter alia, an order to restrain DSS and others from further inviting, arresting or threatening to arrest or detain him in regard to the NNPC/NNPC Retail Ltd matters.

The processes originating the new action filed as Suit No. FHC/L/CS/644/2017, were served on the DSS on the 28th of April 2017.

Dr. Ubah’s lawyers wrote to the DSS pointing out that any preemption of the judicial intervention during the pendency of the new action is totally irregular, a disregard of the rule of law, the constitutional guarantees of separation of powers and breach of the doctrine of Lis Pendens.

Rather than respect its constitutional and statutory limits the DSS has brazenly abducted Dr. Ubah and commenced a media blitz to justify their illegality.

THE ACCUSATIONS OF THEFT AND ECONOMIC SABOTAGE ARE COMPLETELY FALSE.

For the avoidance of doubt and to put the records straight, NNPC owes Capital Oil & Gas Industries Limited over N16 billion represented as follows:

$5,540,000 (N2.2billion) – unpaid berthing fees for NNPC vessels that called at our Jetty

$2,952,555 (N1billion) – invoice for chartered vessels to carryout STS operations Lagos offshore to ferry product (PMS) to storage at the request of NNPC since 2015

N1.170billion – amount owed to Capital Oil & Gas Industries Limited for throughput services from March to October 2016

N3.146billion – payment made to NNPC for 26,820million litres of PMS vide Pro-forma Invoice No. 53598 which is yet to be delivered to us

N2.0billion – Payment to NNPC in April to facilitate the release of the Managing Director and engender reconciliation which NNPC reneged on.

N6.266billion – N0.80k and N0.40 Jetty Throughput charge on over 7 billion liters dispensed for NNPC by us.

On economic sabotage, it is unimaginable that a company which has stood by NNPC and by extension the country at very critical petroleum supply crises can now be accused of engaging in activities to undermine the effective distribution of petroleum products across the country having thwarted a nationwide industrial action called by oil marketers during the epic inauguration of President Muhammadu Buhari.

https://flashreporters.com/2017/05/09/n11bn-oil-scam-dss-trying-blackmail-ifeanyi-ubah-finally-opens/

HungerBAD:
Akuko is an Igbo word that means STORY.

I wonder how blind ppl are n still believe this dss

NNPC Refute the claims

HungerBAD:
Akuko is an Igbo word that means STORY.

Hunger is really Bad..

Since DSS has been doing this to him,why didhe rush to join APC?

Funny guy. Heard nnpc has sold off all his fuel tankers. He never expected Jonathan to loose the election. Yet he still owes amcon.
Blackmail kor, white mail ni. Continue.

How can a business transaction gone wrong beome a matter for the dss? Or economic sabotage? Nnpc should have gone to court. Thats the civilised way to go.

You don't need to tell us sir, we all know that they're trying to blackmail you already but God will expose and disgrace them all..

I NOW SEE THE REASON BUHARI'S COMING IN AS THE PRESIDENT A THREAT TO SOME MISCREANTS, SO, ASSUMING BUHARI DID NOT INTERVENE, CAPITAL WILL BE CLAIMING FICTITIOUS N16BN AFTER A FAKE DEAL (THEFT) OF N11BN, INFACT GOD WILL BLESS BUHARI AND GRANT HIM QUICK RECOVERY TO RESUME HIS #GOODWERK. BUT WAIT O, THESE FIFU ARE WICKED, NO WONDER THEY WERE DOING AS IF THEY LOVE BUHARI, LURING HIM TO RESIGN COS OF HIS HEALTH STATUS, NA LIE.... TILLL 2023!

4peace:
KARMA is really a b1tch.


Whatever you sow, you shall reap.

How I which you guys know this man a little bit,

Most of you would have destroyed some of his property.

Are you done for job hunting?

When you don't even know Ifeanyi from Andy Ubah.

Op please correct the name not Andy Uba bit Ifeanyi Uba

Now that we've heard from Ubah , its time to hear NNPC side of the story . But I doubt they'll give any explanations because they dealings are full of secrecy .
But if they do, I can now conclude on which is true

But seriously what he did is wrong. Na only him government dey owe?

Shortage of petroleum product diverted or hoarded can create panic and likely unrest in the economy...

Even teachers never start to dey sell government properties.

Igbo's remain ignorant because they hate opposition, is it not the same capital oil that was lockup in 2014 under GEJ adim.? So u now think the man is a saint?

Incase u don't know come and find out at apapa, capita oil terminal as be used to sell NNPC product since the repair of NNPC depot at ejigbo since 2016

So what does a Nigeria man can't do to FG?

He is my man but he talks anyhow

4peace:
KARMA is really a b1tch.


Whatever you sow, you shall reap.

How I which you guys know this man a little bit,

Most of you would have destroyed some of his property.

That is how most of them are.

Dangote is a bad man.

Otedola is not a nice person.

So also is Arthur Eze.

JD Rocketfeller was a very shrewd businessman.

That's how the system works.

If you really want to be successful businessman especially in our clime, you have got to have to be known as a very bad man.

Gospel truth

Dilijingsly:
ezi okwu

Kedu ife nna ako. Nna kwado onye ohi maka obu onye Igbo?

shortgun:
We all know that the DSS under the the dullard and BMC are instruments of blackmail,propaganda, oppression and smear campaign against the opposition.

This is a man that sold kerosene to poor Nigerians at N50/l while other marketers while selling for N150/l and today he is accused of economic sabotage?

They should continue sowing the seed of discord in this country.... Until one day.

just because he sold kerosene #50 to poor nigerians and i hope u are not tryin to tell us he lost #100 each @per lit at d process..... exactly what he wanted to achieve......stupid praises. Always ask yourself questions before typing.

You actually copied DAILY POST word for word... laziness.

Flashreporters:
The chairman of Capital Oil and Gas limited, Andy Ubah has described his arrest by the Department of State Services as a complete attempt to blackmail him.

The oil magnate said the claim by the DSS that he was involved in theft of petrol kept by the Nigerian National Petroleum Corporation, NNPC, in his tank farm in Lagos was a wrong accusation.

The agency on Friday picked up Ubah over his connection with the missing petroleum product, which was valued at over N11bn.

The department said Ubah’s action amounted to economic sabotage, with “capacity to negatively impact on national economy”.

Reacting, however, in a statement issued on Monday and obtained by DAILY POST, Ubah said his arrest by the DSS was a breach of his fundamental right to liberty, freedom of movement and association.

The statement signed by the management of the company said all the allegations leveled against their boss, Ubah were false and unfounded.

The statement reads in full.

The incarceration of our Chairman by DSS is unlawful, a disregard for the rule of law and a breach of Dr. Ubah’s fundamental right to liberty, freedom of movement and association.

A similar invitation was extended to Dr. Ubah on the 24th of March 2017, which he honoured as a law-abiding citizen only to be detained in DSS offices in Abuja for almost a month.

During that period a Fundamental Rights Enforcement Application was brought on behalf of Dr. Ubah at the Federal High Court Lagos as Suit No. FHC/L/C/487/2017.

Although an order was made for his production in court in that action, rather than obey the order, officers DSS, using a combination of coercion and cajoling, constrained him to discontinue that action upon an understanding that he would be immediately released. He was not released until over two weeks after he had complied and completely discontinued that action.

Upon his release on the 13th of April 2017, it was now discovered that during his incarceration he had been coerced into executing various documents committing the company to make certain payments and pledge some assets to NNPC Retail Limited. He was also made to execute a document in favour of the Asset Management Corporation of Nigeria (AMCON).

As soon as his doctors permitted access to him an action was brought at the Lagos Division of the Federal High Court seeking, inter alia, an order to restrain DSS and others from further inviting, arresting or threatening to arrest or detain him in regard to the NNPC/NNPC Retail Ltd matters.

The processes originating the new action filed as Suit No. FHC/L/CS/644/2017, were served on the DSS on the 28th of April 2017.

Dr. Ubah’s lawyers wrote to the DSS pointing out that any preemption of the judicial intervention during the pendency of the new action is totally irregular, a disregard of the rule of law, the constitutional guarantees of separation of powers and breach of the doctrine of Lis Pendens.

Rather than respect its constitutional and statutory limits the DSS has brazenly abducted Dr. Ubah and commenced a media blitz to justify their illegality.

THE ACCUSATIONS OF THEFT AND ECONOMIC SABOTAGE ARE COMPLETELY FALSE.

For the avoidance of doubt and to put the records straight, NNPC owes Capital Oil & Gas Industries Limited over N16 billion represented as follows:

$5,540,000 (N2.2billion) – unpaid berthing fees for NNPC vessels that called at our Jetty

$2,952,555 (N1billion) – invoice for chartered vessels to carryout STS operations Lagos offshore to ferry product (PMS) to storage at the request of NNPC since 2015

N1.170billion – amount owed to Capital Oil & Gas Industries Limited for throughput services from March to October 2016

N3.146billion – payment made to NNPC for 26,820million litres of PMS vide Pro-forma Invoice No. 53598 which is yet to be delivered to us

N2.0billion – Payment to NNPC in April to facilitate the release of the Managing Director and engender reconciliation which NNPC reneged on.

N6.266billion – N0.80k and N0.40 Jetty Throughput charge on over 7 billion liters dispensed for NNPC by us.

On economic sabotage, it is unimaginable that a company which has stood by NNPC and by extension the country at very critical petroleum supply crises can now be accused of engaging in activities to undermine the effective distribution of petroleum products across the country having thwarted a nationwide industrial action called by oil marketers during the epic inauguration of President Muhammadu Buhari.

https://flashreporters.com/2017/05/09/n11bn-oil-scam-dss-trying-blackmail-ifeanyi-ubah-finally-opens/

tinsel:
Kedu ife nna ako. Nna kwado onye ohi maka obu onye Igbo?

am sorry to say dix bro "but you don't av sense"

Nigeria is a land flowing with milk and honey. It's a country of great entrepreneurs and business magnates. I still believe in this country, and I hope believe with me.

Contact us for your own titled land/property/asset acquisition and investment in Ibeju-Lekki (with CofO) and all accross Lagos with great deals for you.
08034113771
[WhatsApp +2348027390046]
Check signasture below.

kulboy247:
am sorry to say dix bro "but you don't av sense"

I don't have sense because as an Igbo man, I don't support an Igbo crook?

chronique:
Nigeria is a Banana Republic. The DSS has never been this useless until buhari became president. Dss is now an ajese poki-poki agency, that does all the jobs of all the security agencies. Very soon, they would soon add traffic warden and vio and roadsafety Operations to their work.

The lowest was when they started arresting abokis who were changing dollars, so I am asking now, who is gathering intell about the freed boko commanders sinice DSS are doing police work

Flashreporters:
The chairman of Capital Oil and Gas limited, Andy Ubah has described his arrest by the Department of State Services as a complete attempt to blackmail him.

The oil magnate said the claim by the DSS that he was involved in theft of petrol kept by the Nigerian National Petroleum Corporation, NNPC, in his tank farm in Lagos was a wrong accusation.

The agency on Friday picked up Ubah over his connection with the missing petroleum product, which was valued at over N11bn.

The department said Ubah’s action amounted to economic sabotage, with “capacity to negatively impact on national economy”.

Reacting, however, in a statement issued on Monday and obtained by DAILY POST, Ubah said his arrest by the DSS was a breach of his fundamental right to liberty, freedom of movement and association.

The statement signed by the management of the company said all the allegations leveled against their boss, Ubah were false and unfounded.

The statement reads in full.

The incarceration of our Chairman by DSS is unlawful, a disregard for the rule of law and a breach of Dr. Ubah’s fundamental right to liberty, freedom of movement and association.

A similar invitation was extended to Dr. Ubah on the 24th of March 2017, which he honoured as a law-abiding citizen only to be detained in DSS offices in Abuja for almost a month.

During that period a Fundamental Rights Enforcement Application was brought on behalf of Dr. Ubah at the Federal High Court Lagos as Suit No. FHC/L/C/487/2017.

Although an order was made for his production in court in that action, rather than obey the order, officers DSS, using a combination of coercion and cajoling, constrained him to discontinue that action upon an understanding that he would be immediately released. He was not released until over two weeks after he had complied and completely discontinued that action.

Upon his release on the 13th of April 2017, it was now discovered that during his incarceration he had been coerced into executing various documents committing the company to make certain payments and pledge some assets to NNPC Retail Limited. He was also made to execute a document in favour of the Asset Management Corporation of Nigeria (AMCON).

As soon as his doctors permitted access to him an action was brought at the Lagos Division of the Federal High Court seeking, inter alia, an order to restrain DSS and others from further inviting, arresting or threatening to arrest or detain him in regard to the NNPC/NNPC Retail Ltd matters.

The processes originating the new action filed as Suit No. FHC/L/CS/644/2017, were served on the DSS on the 28th of April 2017.

Dr. Ubah’s lawyers wrote to the DSS pointing out that any preemption of the judicial intervention during the pendency of the new action is totally irregular, a disregard of the rule of law, the constitutional guarantees of separation of powers and breach of the doctrine of Lis Pendens.

Rather than respect its constitutional and statutory limits the DSS has brazenly abducted Dr. Ubah and commenced a media blitz to justify their illegality.

THE ACCUSATIONS OF THEFT AND ECONOMIC SABOTAGE ARE COMPLETELY FALSE.

For the avoidance of doubt and to put the records straight, NNPC owes Capital Oil & Gas Industries Limited over N16 billion represented as follows:

$5,540,000 (N2.2billion) – unpaid berthing fees for NNPC vessels that called at our Jetty

$2,952,555 (N1billion) – invoice for chartered vessels to carryout STS operations Lagos offshore to ferry product (PMS) to storage at the request of NNPC since 2015

N1.170billion – amount owed to Capital Oil & Gas Industries Limited for throughput services from March to October 2016

N3.146billion – payment made to NNPC for 26,820million litres of PMS vide Pro-forma Invoice No. 53598 which is yet to be delivered to us

N2.0billion – Payment to NNPC in April to facilitate the release of the Managing Director and engender reconciliation which NNPC reneged on.

N6.266billion – N0.80k and N0.40 Jetty Throughput charge on over 7 billion liters dispensed for NNPC by us.

On economic sabotage, it is unimaginable that a company which has stood by NNPC and by extension the country at very critical petroleum supply crises can now be accused of engaging in activities to undermine the effective distribution of petroleum products across the country having thwarted a nationwide industrial action called by oil marketers during the epic inauguration of President Muhammadu Buhari.

https://flashreporters.com/2017/05/09/n11bn-oil-scam-dss-trying-blackmail-ifeanyi-ubah-finally-opens/

Ur first line say 'Andy Ubah', this is VERY VERY WRONG. Because Andy Ubah is very DIFFERENT from DR. PATRICK IFEANYI UBAH

sojikul:
Igbo's remain ignorant because they hate opposition, is it not the same capital oil that was lockup in 2014 under GEJ adim.? So u now think the man is a saint?

Incase u don't know come and find out at apapa, capita oil terminal as be used to sell NNPC product since the repair of NNPC depot at ejigbo since 2016

So what does a Nigeria man can't do to FG?

?