Managing Director of Capital Oil and Gas Limited , Ifeanyi Ubah has been arrested by the Department of State Services.
His arrested , was apparently , revealed today in a statement by spokesman , Tony Opuiyo .
Opuiyo aid Ubah was arrested on Friday in connection the theft of petrol kept in his tank farm in Lagos by the Nigerian National Petroleum Corporation . The product was valued at over N11 billion .
The agency said Ubah’s action amounted to economic sabotage , with “ capacity to negatively impact on national economy ” .
Opuiyo gave additional reasons for Ubah ’s arrest. He said he 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 implications of this on law and order is , in fact , a common knowledge . It is consequent upon this that the Service arrested and will prosecute him forthwith .
“ The public is hereby reassured that the Service will 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 products across the country . It will 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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