NEWS

Ifeanyi Ubah is an economic saboteur – NNPC

The Chairman of Capital Oil and Gas Limited, Ifeanyi Ubah, is in the custody of the State Security Service over diversion of petroleum products stored in his tank farm, the Nigerian National Petroleum Corporation, NNPC, has said.

Mr Ubah has been described as an economic saboteur by NNPC following his alleged actions.

Legal counsel to NNPC, Mr Kabiru Turaki, told a Federal High Court in Lagos on Thursday that security agencies have inherent power under the constitution to investigate economic crimes, including diversion of petroleum products.

The DSS arrested Mr. Ubah on May 6, and he has been in detention ever since.

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Adeeko Ademola

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