Ifeanyi Ubah PMS Diversion A Crime Punishable By Death – DSS

Capital oil boss, Ifeanyi Ubah. Facebook

By Oladapo Okeowo

The Department of State Services (DSS) has termed the alleged diversion of 80 million litres of Premium Motor Spirit (PMS) by the Chief Executive Officer of Capital Oil and Gas Ltd, Ifeanyi Ubah economic sabotage punishable by death.

This was stated in its counter-affidavit to the suit instituted by Ubah’s lawyer on his behalf. Ubah seeks to have an order for his continued detention set aside by a High Court in Abuja.

The embattled businessman is accused of diverting about 80 million litres of PMS kept in his custody by the Nigerian National Petroleum Corporation (NNPC).

According to the DSS, Ubah refused to heed the NNPC’s call for a return of the PMS which is estimated at N11bn. This singular act, the agency opined, was done to create an artificial scarcity.

The order allowing Ubah;s continued detention by the DSS was granted by Justice Yusuf Halilu on May 10, 2017, and would expire on May 24. The order only allows the accused to be held for 14 days.

The DSS’ counter-affidavit stated that “The respondent (Ubah) was arrested on reasonable suspicion of his involvement in the commission of a crime.

“He converted PMS belonging to the NNPC kept in the custody of his tank farm to his personal use.

“The respondent refused to return the PMS to NNPC after repeated demands. The PMS is worth over N11bn. The action of the respondent is affecting the distribution of petroleum products to the populace.

“The action of the respondent is sabotage of NNPC’s activities as it relates to distribution of petroleum products. If not for the urgent steps taken by the Federal Government, the action of the respondent would have plunged the country into widespread scarcity with its attendant effect on the economy.”


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The post Ifeanyi Ubah PMS Diversion A Crime Punishable By Death – DSS appeared first on Concise News.

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