The Department of State Services, on Thursday, in Abuja, interrogated the Group Managing Director of Capital Oil and Gas Limited, Mr. Ifeanyi Ubah, over the claim by the Nigerian National Petroleum Corporation that it had N11bn worth of Premium Motor Spirit stored in Ubah’s firm’s facility.
The NNPC had written both the DSS and the Economic and Financial Crimes Commission, asking them to help it to recover the said amount.
It said it stored the PMS with the amount in the facilities of Capital Oil and Gas Limited.
The NNPC alleged that the product was stored in the facility under a special arrangement, which it claimed was breached by the former governorship candidate of the Labour Party in Anambra State.
The corporation claimed that Ubah sold the product without its permission.
Meanwhile, Ubah confirmed being invited by the DSS with respect to debts owed the NNPC and a legal issue with the Asset Management Corporation of Nigeria.
He said he had written to the Senate and the Economic and Financial Crimes Commission on the matter prior to the invitation by the DSS.
Ubah, in telephone interview with one of our correspondents, said the DSS was helping to resolve the issue, which had added had been blown out of proportion in some quarters.
He said, “We want to salvage the situation and save the jobs of over 2,000 people. I am currently reconciling my account with all the parties concerned. I’m owing the NNPC and the NNPC is also owing me. My over three years old case with AMCON is also being looked into.”
Ubah’s Chief of Staff, Mr. Chiedozie Udogu, said his principal had been going to the DSS since Monday.
“Yes, it was true that he was at the DSS office, but he was not detained. He went there for the reconciliation of account with the NNPC.
“The DSS is mediating in the trade dispute with the two parties. Therefore, it is nothing to be worried about,” he stated.
PUNCH.
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