Ifeanyi Ubah returns N2bn out of the N11bn worth of petroleum products he diverted - Uju Ayalogu's Blog for News, Reviews, Articles and More

Breaking News

Post Top Ad

Thursday 13 July 2017

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

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.

For More:Visit Us at Uju Ayalogu's Blog

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.

For More:Visit Us at Uju Ayalogu's Blog

“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.

Are you an artiste? Do you want your music to go viral and reach a large number of audience? Promote your music and Submit your story  on Ujuayalogusblog.com by clicking here. For Advert Inquiries Tel/+44(0)7590363984 Subscribe to Ujuayalogusblog.com News!

ALL RIGHTS RESERVED. 2015-2017 @ Uju Ayalogu's Blog NIGERIAN NEWS
For More:Visit Us at Uju Ayalogu's Blog




Subscribe to Our Posts via Email


Share This

No comments:

Post a Comment

Listen to This Beautiful New Talent - Winter Wolf - Singing "Midnight"


Post Bottom Ad

Pages