Multi-millionaire and Chairman of Capital Oil and Gas Limited, Ifeanyi Ubah, has been arrested by the Department of State Services, DSS.
Ubah was arrested on Friday in connection with connection with the theft of petrol worth more than N11 billion kept by the Nigerian National Petroleum Corporation, NNPC, in its tank farm in Lagos.
Ubah’s arrest was revealed on Saturday in a statement issued by spokesman for the DSS, Tony Opuiyo.
Opuiyo described Ubah’s action as economic sabotage, with “capacity to negatively impact on national economy”.
“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…
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