NUPENG, PTD deny DSS' accusation against Ifeanyi Ubah, Say it's baseless,unfounded and totally untrue

The Nigerian National Petroleum Corporation (NNPC) headquarters has disassociated themselves from the illegal arrest and detention of the Chairman of Capital Oil, Dr Ifeanyi Ubah by the operative of the Directorate of Security service (DSS) and the trumped-up charge(s) that a man that used his wealth to rescue Nigerians and the economy against the oil marketers should be charged for sabotaging the same economy

In a telephone interview by Hope For Nigeria to NNPC headquarters, the Nigerian Oil corporation confirmed that they are aware of the incarceration of Dr Ubah by the DSS, but snapped that is has nothing to do with Capital Oil's business dealings with them as the two companies are already reconciling their books, and the whole episode sounds political.

NNPC confirmed also that they have some financial liabilities to Capital Oil and their on-going reconciliation will determine who is owing who and added that the detention of Ubah will not bring any solution to the impasse and cushioned that Nigerians should not associate NNPC, and concluded that the aftermath controversy surrounding the case is the reason NNPC Management has been silent on this development.

NNPC sources confirmed that the DSS and other government agency were involved in the last accounts reconciliation meeting between Capital oil, an indigenous downstream petroleum firm and NNPC Retail Services, a subsidiary of the NNPC and wondered why DSS should resort to arrest of their customer, noting that the corporation has some safeguard in the event of a default. Hope For Nigeria was informed that if any of their downstream customers sells NNPC products in their custody, they have 5 days to replace them or a penalty regime will set in.

NNPC claimed that their products sold by Capital Oil in lieu of their indebtedness to Capital Oil is estimated to be about N11billion, while Capital oil has provided evidence of NNPC owing them over N15billion and non supply of products they already paid for.

In a similar phone call to Hope For Nigeria's contacts at the DSS headquarters in Abuja, Hope For Nigeria learnt that the DSS were enraged by Ifeanyi Ubah's lawyers whom they claimed went to court to restrain the Secret Police from arresting their client (Ubah) while the negotiation was going on.

The DSS decision to arrest and detain Ubah and the charges including economic sabotage, left our contacts relatively speechless, as they stated emphatically that the allegations does not add up, considering Ubah his pedigree and constructive actions in the past where he rescued the country against mean-spirit oil dealers.

In a related development, the Petroleum tankers Drivers (PTD) has described the DSS's bogus charge of inciting Tanker Drivers against Dr Ubah as an unfounded lies. The PTD's Media officer, Mr Mohammed Abdulkadir said in a statement made available to Hope For Nigeria, that “The allegation is baseless, unfounded and totally untrue. Our responsibility as a trade union is solely to promote, project and protect the job security of workers mostly the tanker”.

Culled from HopeForNigeria