Dr. Ifeanyi Ubah, the managing director of Capital Oil and Gas Limited has been released from DSS’s detention.
It is reported that the oil mogul was released yesterday night unconditionally by the Department of State Services, DSS after a No Case was established, following a tedious investigation by the DSS in his rift with the NNPC.
The DSS had arrested Dr. Ubah over his alleged connection with a claimed theft of petrol kept in his tank farm in Lagos by the Nigerian National Petroleum Corporation, NNPC. The product, it said, was valued at over N11 billion.
The agency said Ubah’s action amounted to economic sabotage, with capacity to negatively impact on national economy.