Tag: Capital Oil

Azeez July 14, 2017

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…

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Azeez 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…

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Azeez 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…

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Azeez 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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Azeez 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.…

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Oludolapo Adelana 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…

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Kolapo Olapoju 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…

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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.…

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November 17, 2013

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

by Chi Ibe Ifeanyi Ubah on AIT today The Labour Party candidate for governor in Anambra, Capital Oil boss Ifeanyi Ubah, is clearly disappointed in the election’s outcome (though yet…

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June 24, 2013

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

by Chi Ibe Ifeanyi Ubah (Photo: Nigerian Bulletin) Director of Capital Oil and Gas Industries Limited, Ifeanyi Ubah might be re-arrested again by the Police Force Headquarters in Abuja and…

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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.…

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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…

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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…

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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…

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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…

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