DSS Finally Releases Ifeanyi Ubah After A Month In Custody

Chairman of ​Capital Oil and Gas Limited​,​ Ifeanyi Ubah,​ has been released by the Department of State Services (DSS)​.

Mr Ubah was released unconditionally on Monday night after being detained for six weeks. The DSS arrested Mr Ubah early in May, accusing him of engaging in acts of economic sabotage including the illegal sale of N11bn worth of petroleum products stored in his tank farm by the Nigerian National Petroleum Corporation (NNPC).

Contradictory orders had trailed his arrest with two courts giving conflicting rulings on the matter.

Justice Mohammed Idris of the Federal High Court in Ikoyi on May 25 ordered the DSS to release Mr Ubah unconditionally within 48 hours.

EFCC and the police had levelled again Ubah allegations of obtaining subsidy payments by false pretences, stealing, money laundering and forgery with respect to the alleged fraudulent payment of N43.29bn in the transactions conducted in 2011.