Businessman released from DSS custody

June 20, 2017 4:55 PM

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

The Chairman, Capital Oil and Gas- Ifeanyi Ubah

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

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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.