Pulse.ng logo
Go

Ifeanyi Ubah Businessman released from DSS custody

After arresting him on May 5, 2017, the DSS said Ubah's action amounted to economic sabotage.

  • Published: , Refreshed:
Ifeanyi Ubah play

The Chairman, Capital Oil and Gas- Ifeanyi Ubah

(Global News Nig.)
24/7 Live - Subscribe to the Pulse Newsletter!

‎The Department of State Services (DSS) has released Ifeanyi Ubah on Tuesday June 20, 2017, weeks after he was arrested over an alleged diversion of petroleum products worth N11bn.

Report of his release was disclosed to The Cable by Ikechukwu Onyia, an aide to the Managing Director of Capital Oil and Gas Limited.

After arresting him on May 5, 2017, the DSS said Ubah's action amounted to economic sabotage, with "capacity to negatively impact on national economy".

ALSO READ: Ifeanyi Ubah says DSS is trying to blackmail him

The product worth N11 billion kept in Ubah's custody by the Nigerian National Petroleum Corporation (NNPC) was reportedly said to have been converted into personal use by the businessman.

The missing petroleum products resulted in the dismissal of Esther Nnamdi-Ogbue, Managing Director, NNPC Retail Ltd; Mr. Alpha P. Mamza, Executive Director, Operations, NNPC Retail Ltd; and Mr. Oluwa Kayode Erinoso, Manager, Distribution, NNPC Retail Ltd.

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.