- Dr Ifeanyi Ubah has regained freedom after spending almost a month in DSS custody
- The managing director of Capital Oil and Gas Limited was released on Monday night, June 19
- On his return to Nnewi, the oil magnate received a heroes welcome
Following his release from the custody of the Department of State Services (DSS), Dr Ifeanyi Patrick Ubah received a royal welcome at Nnewi, Anambra state.
NAIJ.com gathered that a mammoth crowd gathered at the major roads in Nnewi to welcome the Chairman Capital Oil and gas, who was released on Monday, June 19.
The oil mogul was arrested six weeks ago over his alleged refusal to remit N11 billion realised from the sales of petroleum products stored in his facility by the Nigerian National Petroleum Corporation (NNPC).
Below are some photos from his heroic welcome at Nnewi.
NAIJ.com recalls that Ubah was detained for allegedly diverting about 80 million liters of Premium Motor Spirit (PMS) also known as petrol, kept in his custody by the NNPC.
The agency has accused the oil magnate of deliberating hoarding the petroleum products in order to plunge the nation into economic and social crisis by creating artificial scarcity of petroleum product.
It said Ubah shunned NNPC’s repeated demands for the product estimated to be worth N11bn in order to cause artificial scarcity of the product. But Ubah had maintained that he was innocent, arguing that the NNPC was not sincere with its allegations against him.
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He said he had a face-off with the government-owned firm over unpaid and overdue debt amounting to over N16billion owed his company, Capital oil & Gas.
According to the oil magnate, the NNPC involved the DSS in the issue after he paid himself N11Billion out of the N16billion owed him from products stored on his Apapa tank farm by the NNPC.
Below is a NAIJ.comTv video in which Nigerians react to the question: "Should Evans the kidnapper be jailed or employed by the Government instead?"