Ifeanyi Ubah returns N2bn out of the N11bn worth of petroleum products he diverted



The Petroleum Pricing and Marketing Company (PPMC) disclosed that the chairman of Capital Oil, Chief Ifeanyi Uba, who is under House of Representatives probe for alleged diversion of N11 billion worth of petroleum products belonging to the NNPC has paid back N2 billion out of the N11billion to the NNPC. .
.
Mr. Henry Nkem Obi, Chief Operating Officer of the PPMC, made this known yesterday. Nkem Obi revealed that before the diversion of the petroleum products by Chief Ubah, the NNPC had an agreement with Capital Oil that no party tampers with any petroleum products consignment in its custody without the knowledge of the other party. .
.
He stated further that upon the NNPC discovering that Capital Oil had diverted the petroleum products in its custody, the national oil company reached out to relevant and sister public agencies. .
.
“We’ve since engaged in the process of negotiations for the defaulting party to return the products to the NNPC. Capital Oil has paid N2 billion and negotiations to get the full payment are on-going,” the NNPC executive said.

Comments

Post a Comment

Popular posts from this blog

Photo: Fake medical doctor allegedly defrauds over 30 people of N6m with promises of contracts in Calabar

Image
The Cross River State Police Command has arrested one Peter Bishung for allegedly defrauding over 30 people of more than N6million. It was gathered that Mr. Bishung, who posed as a medical doctor had been hanging around the Ministry of Health headquarters premises at the Michael Ani secretariat in Calabar where he may have gotten wind of information to swindle unsuspecting contractors of cash. He is said to have allegedly posed as a middle man for contracts especially for the 1.5 million dollars world bank health grant to revitalize the Primary Health care system in the state. Mr. Bishung is suspected to have defrauded about 32 people of over N6 million promising them that they will get contracts. He is said to have collected a minimum of NGN200,000 from each company profile collected. He was often found around the reception of the office of the Director of Medical Services in the ministry, Dr. Kenneth Takim, who had asked him to produce relevant papers to prove he was a m...
Read more

RCCG bans Aso ebi, ungodly wedding engagement

Image
The leadership of the Redeemed Christian Church of God (RCCG), has banned the use of compulsory uniforms also known as Aso Ebi worn at church functions. According to Tribune, wife of the General Overseer of the church, Pastor Foluke Adeboye, disclosed this yesterday, when she spoke at the church's women’s meeting, which was part of the activities of its 65th annual convention of the church themed “Halleluyah”. Pastor Mrs Adeboye described as ungodly acts by some church leaders to compel their members to buy and wear a particular uniform aka Aso ebi during any church function. She said that there have been reports that some members of some parishes in the church that cannot afford to buy some of these Aso Ebi's have been exempted from some church functions. She warned that such un-Christianly act of keeping church members out of programmes because of Aso ebi, must never be heard of again among the women in the church, adding that those caught would be severely sanctioned. A...
Read more