DSS arrest ifeanyi-ubah financial harm charged N11bn-oil-robbery.

The Department of State Service said oil tycoon, Ifeanyi Ubah is in its guardianship  He was captured on Friday over his affirmed engagements in acts depicted as antagonistic to national security.

Ifeanyi Ubah

He was additionally blamed him for taking, redirection and illicit offer of oil based commodities put away in his tank cultivate

The DSS representative, Tony Opuiyo, put the cost of the oil at more than N11billion Ifeanyi Ubah, the overseeing chief of Capital Oil and Gas Limited has been captured by the Department of State Services (DSS). In an announcement issued on Saturday, May 6, by its representative, Tony Opuiyo, it said the oil head honcho was in its authority over his asserted engagements in acts which the security furnish depicted as unfriendly to national security. Ubah who was captured on Friday was blamed for taking, preoccupation and unlawful offer of oil based goods put away in his tank cultivate by the Nigeria Petroleum Products Corporation (NNPC). The cost of the oil was esteemed at more than N11billion.

Opuiyo said such acts added up to financial damage and had the ability to adversely affect on national economy. The announcement read: "It is enlightening to note that UBAH has additionally occupied with different exercises unfriendly to national security and open request.

In facilitation of his contrivances to undermine the administration and individuals of Nigeria, he has actuated individuals from the Petroleum Tanker Drivers (PTD), a basic player in the downstream sub-division of the Petroleum Industry, to won't/stop the lifting of items. 

"This is a piece of his arrangements to curry their assessments and make them set out on strike and furthermore organize challenges to support him with the ulterior thought process of arm-contorting the NNPC to relinquish the reason for recuperating the stolen items. 

"The ramifications of this on peace is, truth be told, a typical learning. It is resulting upon this that the Service arrested and will indict him forthwith.

Opuiyo guaranteed the general population that the administration would work together with suitable organizations convey to book people or organizations required in any criminal demonstration that undermines the country's economy.

Weeks prior, reports surfaced that Ubah had been captured. In a quick response, he denied the report that agents of the DSS captured and kept him.