Economic Sabotage: DSS Arrests Ifeanyi Ubah


BY AMOS DUNIA, ABUJA – The Department of State Services (DSS) on Friday arrested the Managing Director of Capital Oil and Gas Limited, Mr. Ifeanyi Ubah, over acts of economic sabotage.
The DSS in a statement, issued by Tony Opuiyo, said the arrest of Ubah is in line with its statutory mandate of investigating economic crimes of national security dimension.
Opuiyo explained that the arrest of Ubah was sequel to his engagement in acts of economic sabotage which include stealing, diversion and illegal sale of petroleum products stored in his tank farm by the Nigeria National Petroleum Corporation (NNPC).
Opuiyo further said; “So far, it has been established that the products stolen amount to over N11 billion. There is no doubt that Ubah’s acts have the capacity to negatively impact on national economy.
“It is instructive to note that Ubah has further engaged in other activities inimical to national security and public order.
“In furtherance of his gimmicks to undermine the government and people of Nigeria, he has incited members of the Petroleum Tanker Drivers (PTD), a critical player in the downstream sub-sector of the Petroleum Industry, to refuse/stop the lifting of products.
“This is part of his plans to curry their sentiments and cause them to embark on strike and also stage protests in his favour with the ulterior motive of arm-twisting the NNPC to abandon the cause of recovering the stolen products.”
The DSS said the implications of this on law and order is a common knowledge, stressing that it was consequent upon this that it arrested Ubah and will prosecute him forthwith.
The Service assured members of the public that it would collaborate with appropriate agencies to ensure that the mischievous activities of any person or group(s) to engage in illegal activities will not affect the effective distribution of petroleum products across the country.
The DSS said it would also support such agencies to bring to book individuals or companies involved in any criminal act that undermines the nation’s economy.

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