Sunday, May 07, 2017

OIl Magnate Ifeanyi Ubah Arrested By DSS Over Alleged Oil Theft





Ifeanyi Ubah, the owner of Capital Oil, has been arrested and detained by Nigeria’s Department of State Services (DSS).


The main reason is not yet known but the businessman had been previously implicated in a fraud saga with the Nigerian National Petroleum Corporation, NNPC.

He was accused of embezzling funds from an illegal sale of crude oil saved in his facility.

One of his staff working on a project site in Anambra confirmed the arrest.

He said news of the arrest was quietly discused by his superiors Thursday morning.
“The news is true. Our bosses wore long faces this morning. They have not said anything to us yet”, our source said

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