Petroleum Africa
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Tuesday, May 9, 2017
Nigeria’s Department of State Services (DSS) have arrested the managing director of Capitol Oil & Gas, Ifeanyi Ubah. In a statement the DSS said Ubah was arrested in connection with the theft of petrol from Capitol’s tank farm in Lagos where NNPC stors its crude.
DSS spokesman, Tony Opuiyo, said in a statement that Ubah’s action amounted to economic sabotage, with “capacity to negatively impact on national economy”. The stolen petrol was worth an estimated N11 billion.
Opuiyo gave additional reasons for Ubah’s arrest, saying that he engaged in other activities inimical to national security and public order. “In furtherance of his gimmicks to undermine the government and people of Nigeria, he has incited members of the Petroleum Tanker Drivers (PTD), a critical player in the downstream sub-sector of the Petroleum Industry, to refuse/stop the lifting of products.”
“This is part of his plans to curry their sentiments and cause them to embark on strike and also stage protests in his favor with the ulterior motive of arm-twisting the NNPC to abandon the cause of recovering the stolen products. The implications of this on law and order is, in fact, a common knowledge. It is consequent upon this that the Service arrested and will prosecute him forthwith,” he went on to say.
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