Chairman
of Capital Oil and Gas Limited, Ifeanyi Ubah, has left the country.
He
jetted out of the country’s shores Thursday morning.
An
impeccable source confirmed the development to our correspondent Thursday
afternoon.
“Chairman
left Nigeria this morning. The information I have is that he has gone to attend
to his health. So I believe it’s a medical trip,” the source said.
“We
understand that the recent ordeal was traumatic for him. He has never been out
of circulation for 6 weeks and you know what that means to a wealthy man.”
Asked
which country the oil magnate travelled to and how long he will be away, our
source simply replied: “Somewhere in Europe, I don’t know how long he will
stay.”
DAILY
POST on Wednesday reported that Ubah had been released by the Department of
State Services (DSS).
Ubah
regained his freedom after about six weeks in custody.
He
was arrested and detained by DSS on May 5, 2017, for alleged engagement in acts
of economic sabotage which include stealing, diversion and illegal sale of
petroleum products stored in his tank farm (in Lagos) by the NNPC.
On May
25, Justice Yusuf Halilu of the FCT Federal High Court extended the detention
of Ubah following an ex-parte application the DSS filed through its lawyer, Mr.
G.O.A. Agbadua.
Recall
that last week, an Abuja Division of the Court of Appeal gave the Economic and
Financial Crimes Commission not to continue its investigation of Ubah, for
alleged complicity in a N43.29bn petroleum subsidy scheme fraud.
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