The South-East geopolitical zone was
thrown into shock, following the arrest of the Chairman of Capital Oil,
Ifeanyi Ubah, by the Department of State Security Services, DSS.
The agency revealed the arrest on Saturday, in a statement by its Spokesman, Tony Opuiyo.
Opuiyo, said Ubah was arrested on
Friday, in connection with the theft of petrol kept by the Nigerian
National Petroleum Corporation, NNPC, in his tank farm, in Lagos. The
product was valued at over N11 billion.
The agency said Ubah’s action amounted to economic sabotage, with “capacity to negatively impact on national economy.”
Opuiyo, gave additional reasons for
Ubah’s arrest. He said he has further engaged in other activities
inimical to national security and public order.
“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 them to embark on strike, and also stage
protests in his favour, with the ulterior motive of arm-twisting the
NNPC, to abandon the cause of recovering the stolen products. The
implications of this on law and order, is in fact a common knowledge. It
is consequent upon this, that the Service arrested and will prosecute
“The public is hereby reassured that the
Service will collaborate with appropriate agencies, to ensure that the
mischievous activities of any person or group(s) to engage in illegal
activities, will not affect the effective distribution of products
across the country. It will also support such agencies to bring to book
individuals or companies involved in any criminal act that undermines
the nation’s economy.”
Recall, that the NNPC had on March 17,
revealed that about 100 million litres stored at the Capital Oil &
Gas depot, and over 30 million litres in MRS Limited depot, all in the
Apapa area of Lagos, were not found when needed.