The Nigeria Secret Police, otherwise known as the Departmentof State Services (DSS) has explained the arrested of the Managing Director of
Capital Oil, Mr. Ifeanyi Ubah, for alleged stealing, reports ITRealms.
Ifeanyi Ubah, ITRealms gathered was arrested on Friday for
"economic crimes of national security dimension".
DSS in a press statement by one Mr. Tony Opuiyo, explained
that Ubah's arrest was specifically on acts of economic sabotage, which comprised
stealing, diversion and illegal sale of petroleum products stored in his tank
farm by the Nigeria National Petroleum Corporation (NNPC).
"So far, it has been established that the products
stolen amount to over N11billion. There is no doubt that Ubah’s acts have the
capacity to negatively impact on national economy," DSS said, stressing
that he also engaged in other activities inimical to national security and
public order.
In addition, DSS claimed that Ifeanyi Ubah has incited
members of the Petroleum Tanker Drivers to refuse/stop the lifting of petroleum
products, which amounts to undermining of the Federal Government.
"This is part of his plans to curry their sentiments
and cause them to embark on strike and also stage protests in his favor 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 him forthwith," Opuiyo explained.
Uboshe Uboshe/GEE
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