NNPC has owed Capital Oil N16bn for two years – Ifeanyi Ubah

The Chairman of Capital Oil, Ifeanyi Ubah, on Thursday said claims that he was owing Nigerian National Petroleum Corporation N11 billion was false. Ubah made the disclosure at the on-going public hearing organised by the House of Representatives Committee on Petroleum Downstream. The committee is investigating how 82 million metric litres of petrol belonging to... Read More

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Capital Oil, Ifeanyi Ubah, N16bn, nnpc, owe

May 13, 2017

Why we will continue to detain Ifeanyi Ubah – DSS

by Azeez Adeniyi The Department of State Services (DSS) on Friday said it has obtained orders to arrest and detain the Managing Director of Capital Oil and Gas Limited, Ifeanyi Ubah. Peter Oluremodu, DSS counsel said this when he appeared before Justice Idris of a Federal High Court in Lagos on Friday. Oluremodu who was... Read More

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Capital Oil, detention, DSS, Ifeanyi Ubah

March 31, 2017

NNPC N11bn debt: DSS quizzes Ifeanyi Ubah

by Azeez Adeniyi The Department of State Services (DSS) on Thursday quizzed the Group Managing Director of Capital Oil and Gas Limited, Ifeanyi Ubah, over an allegation by the Nigerian National Petroleum Corporation that its N11bn worth of Premium Motor Spirit stored in Ubah’s firm’s facility was missing. The NNPC had written the DSS and... Read More

The News Blog

Capital Oil, Ifeanyi Ubah, N11bn debt, nnpc, quiz

March 30, 2017

BREAKING: DSS arrests Ifeanyi Ubah

The Department of State Services (DSS) has arrested chairman of Capital Oil, Ifeanyi Ubah, Punch reports. The reason for his arrest is not yet known. Details later…

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arrest, Capital Oil, DSS, Ifeanyi Ubah

March 18, 2017

NNPC set to recover missing 130m litres of fuel from Capital Oil

The Nigerian National Petroleum Corporation (NNPC) on Friday said it would recover over 130 million litres of premium motor spirit (PMS) worth N11 billion from Capital Oil & Gas Limited. NNPC chief operating officer, Henry Ikem-Obih disclosed this while speaking with journalists in Abuja. He said the infraction was discovered earlier in the year when... Read More

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130m litres, Capital Oil, Fuel, nnpc, recover

September 12, 2016

How NNPC, Tinubu, Adenuga, Otedola, Ubah, others owe Nigerian govt N86bn

The federal government is being owed at least N86.4 billion as at July 21, 2016 by marketers of petroleum products, according to Premium Times. The major culprits are members of the Major Oil Marketers Association of Nigeria (MOMAN) and the NNPC Retail (mega filling stations). The debts owed by the marketers are for products allocated to the... Read More

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Capital Oil, Conoil, Femi Otedola, Forte Oil, Ifeanyi Ubah, mike adenuga, nnpc, Oando PLC, ppmc, Wale Tinubu

May 24, 2015

Ifeanyi Ubah to the rescue, promises to release 70 million litres of fuel

by Azubuike Azikiwe There may finally be some temporary succour for Nigerians in the face of the severe fuel scarcity prevalent in the country. While other depot operators and oil marketers have refused to sell petroleum products until their outstanding subsidy claims of over N200billion is paid by the Federal Government, Capital Oil and Gas... Read More

The News Blog

70 million litres, Capital Oil, fuel scarcity, Ifeanyi Ubah

November 17, 2013

“INVALID VOTES is scoring more than Ifeanyi Ubah” – See top 10 tweets on the LP candidate’s looming loss

by Chi Ibe The votes have not been counted, but it is clear, Labour Party candidate and business-man Ifeanyi Ubah is clearly not winning this election, save for some miracle. However, even he doesn’t expect that – and he has already demanded his campaign funds back from the Independent National Electoral Commission. Of course, Twitter... Read More

#AnambraDecides, anambra, Capital Oil, election, Ifeanyi Ubah, INEC, omojuwa, refund money, subsidy

November 17, 2013

INEC, refund my money – Anambra candidate, Ifeanyi Ubah is not even playing

by Chi Ibe The Labour Party candidate for governor in Anambra, Capital Oil boss Ifeanyi Ubah, is clearly disappointed in the election’s outcome (though yet unannounced)– and he is putting his mouth where his money is. Although written off as a tier-2 candidate by pundits, Ubah makes it clear in remarks today that... Read More

anambra, Capital Oil, Ifeanyi Uba, Ifeanyi Ubah, Independent National Electoral Commission, INEC, Jega

June 24, 2013

Fuel subsidy scam: Police set to re-arrest Capital Oil boss, Ifeanyi Ubah

by Chi Ibe Director of Capital Oil and Gas Industries Limited, Ifeanyi Ubah might be re-arrested again by the Police Force Headquarters in Abuja and sources claim he would also be re-arraigned thereafter following his indictment in the fuel subsidy scam where he was alleged to have taken N22.4b from the federal government. Nigerian Bulletin reports... Read More

Aig-Imoukhuede, Capital Oil, Coscharis, Cosmas Maduka, EFCC, house committee on public petitions, Ifeanyi Ubah, Okonjo-Iweala

December 14, 2012

The Matter of Ifeanyi Ubah: Reps threaten to arrest Okonjo-Iweala, Aig-Imoukhuede

by Hauwa Gambo The House of Representatives Commission on Public Petitions has signalled yesterday that it is ready to order the arrest of the Co-ordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, and the Group Managing Director of Access Bank Plc, Mr. Aigboje Aig-Imokhuede – whom it has invited twice over the N20bn fuel subsidy... Read More

Aig-Imoukhuede, Capital Oil, Coscharis, Cosmas Maduka, house committee on public petitions, Ifeanyi Ubah, Okonjo-Iweala

November 10, 2012

Scandal: “Uba duped me of N21 billion” – Cosmas Maduka, “It’s lies designed to take over my company” – Ifeanyi Ubah (DETAILS)

by Rachel Ogbu Cosmos Maduka, president of Coscharis Group, has taken to the media to demand a supposed N21 billion debt owed him by Ifeanyi Ubah, Capital Oil boss. Maduka who returned to the country at the weekend was ready for showdown with his former business partner and threw more light on the raging loan saga... Read More

Capital Oil, Cosmas Maduka, Ifeanyi Ubah, President of Coscharis Group

September 11, 2012

Too little, too late: Capital Oil faults presidential committee report, describes it as ‘indefensible’

by Akan Ido Capital Oil and Gas, one of the companies indicted by the Presidential Committee on Verification and Reconciliation of Fuel Subsidy Payments headed by Aigboje Aig-Imoukhuede, has described the reports of the committee as “very shoddy”. The management of the company in a statement released to newsmen yesterday expressed surprise that the committee... Read More

Access Bank, Aigboje Aig-Imoukhuede, Capital Oil, Fraud, Fuel, fuel subsidy, Ifeanyi Ubah, import, Oil and Gas, presidential committee

August 27, 2012

Capital Oil, Lenards, six others, to be delisted from Nigerian Stock Exchange

by Stanley Azuakola Now that the Securities and Exchange Commission (SEC) has given the go-ahead, eight firms are set to be delisted this November from the official list in the Nigerian Stock Exchange (NSE). They were found liable of not meeting post listing requirements of the NSE. The eight firms are Aluminium Manufacturing Company of... Read More

Capital Oil, Capital Oil Plc, Hallmark Paper Products Plc, Lenards, Lenards Nigeria Plc, Nigeria Wire Industry Plc, Nse, OScar Onyema Aluminium Manufacturing Company of Nigeria (Plc), Rokana Industry Plc, Udeofson Garment Factory (Nig) Plc, Union Dicon Salt, W.A. Glass Industry Plc

August 23, 2012

“They tricked the FG and siphoned over N40b” – Okonjo-Iweala lists offences of 25 indicted oil marketers

by Stanley Azuakola It’s confirmed. Nigeria’s minister of Finance, Dr. Ngozi Okonjo-Iweala is now officially on an offensive. Since last week when the minister threatened to release names of the marketers indicted by the presidential committee headed by Aig-Imokhuede which investigated subsidy claims, and she did. And she has not looked back. Last week, Okonjo-Iweala... Read More

Aigboje Aig-Imokhuede, Capital Oil, MAtrix Energy, ngozi okonjo iweala, Paul Nwabuikwu

NNPC has owed Capital Oil N16bn for two years – Ifeanyi Ubah

Why we will continue to detain Ifeanyi Ubah – DSS

NNPC N11bn debt: DSS quizzes Ifeanyi Ubah

BREAKING: DSS arrests Ifeanyi Ubah

NNPC set to recover missing 130m litres of fuel from Capital Oil

How NNPC, Tinubu, Adenuga, Otedola, Ubah, others owe Nigerian govt N86bn

Ifeanyi Ubah to the rescue, promises to release 70 million litres of fuel

“INVALID VOTES is scoring more than Ifeanyi Ubah” – See top 10 tweets on the LP candidate’s looming loss

INEC, refund my money – Anambra candidate, Ifeanyi Ubah is not even playing

Fuel subsidy scam: Police set to re-arrest Capital Oil boss, Ifeanyi Ubah

The Matter of Ifeanyi Ubah: Reps threaten to arrest Okonjo-Iweala, Aig-Imoukhuede

Scandal: “Uba duped me of N21 billion” – Cosmas Maduka, “It’s lies designed to take over my company” – Ifeanyi Ubah (DETAILS)

Too little, too late: Capital Oil faults presidential committee report, describes it as ‘indefensible’

Capital Oil, Lenards, six others, to be delisted from Nigerian Stock Exchange

“They tricked the FG and siphoned over N40b” – Okonjo-Iweala lists offences of 25 indicted oil marketers

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