Thursday, July 13, 2017

Alleged Diversion Of N11bn Petroleum Products, Ifeanyi Ubah Returns N2bn

The Nigeria National Petroleum Corporation (NNPC) yesterday revealed that the Chairman of Capital Oil, Chief Ifeanyi Ubah under investigation for diversion of N11billion worth of petroleum products belonging to the Nigerian National Petroleum Corporation (NNPC) has paid back N2 billion out of the N11billion to the NNPC.

The chief operating officer, downstream-NNPC, Mr. Henry Nkem Obi disclosed this in his presentation at a two-day investigative hearing organized by the House Committee on Petroleum (Downstream) on the disappearance of petroleum products and the spate of kerosene explosions in the country.

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