Ifeanyi Ubah, the managing director of Capital Oil and Gas Limited has been arrested by the Department of State Services.
Ifeanyi Ubah
The agency revealed the arrest today in a statement by spokesman, Tony Opuiyo.
Opuiyo
aid Ubah was arrested on Friday in connection the theft of petrol kept
in his tank farm in Lagos by the Nigerian National Petroleum
Corporation. The product was valued at over N11 billion.
The agency said Ubah’s action amounted to economic sabotage, with “capacity to negatively impact
on national economy”.
Opuiyo
gave additional reasons for Ubah’s arrest. He said he has further
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 favour 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.
” The public is hereby reassured
that the Service will collaborate with appropriate agencies to ensure
that the mischievous activities of any person or group(s) to engage in
illegal activities will not affect the effective distribution of
products across the country. It will also support such agencies to bring
to book individuals or companies involved in any criminal act that
undermines the nation’s economy”.
Source: Vanguard
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