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Farooq

Posts Tagged "capital oil"

HomePosts Tagged "capital oil"

Capital Oil chairman Ifeanyi Ubah has said the Nigerian National Petroleum Corporation (NNPC) is owing his company N16 billion. He said this on Thursday at a public hearing organised by the house of representatives committee on petroleum downstream in Abuja. The house committee is investigating the alleged disappearance of 82 million metric litres of petrol belonging to […]

The Nigerian National Petroleum Corporation (NNPC) says Capital Oil is creditworthy despite the N9.1 billion debt owed by the company. Ibrahim Juma Dansure, executive director, finance and accounts, NNPC retail, made this statement while speaking at the investigative hearing of the alleged diversion of petroleum products. Dansure said negotiations were ongoing between the department of […]

The Managing Director of Capital Oil and Gas Limited, Ifeanyi Ubah, has sued the Department of State Services before the Federal High Court in Lagos over what he termed unlawful detention by the security agency. Ubah’s lawyer, Mrs. Ifeoma Esom, who appeared before Justice Mohammed Idris on Tuesday with an ex parte application, claimed that […]

Oil magnate, Dr Ifeanyi Uba has debunked speculations that he was arrested by operatives of Department of State Services (DSS). Ubah who spoke to The Guardian Thursday on the telephone said the rumours were a propaganda against him. “If I am arrested, I would not be talking with you now They should continue writing, but […]