The Managing Director of Capital Oil and Gas Limited, Ifeanyi Ubah, has been released from Department of State Services, (DSS) detention.
A source very close to the oil tycon told TheNewsGuru.com that he was released yesterday night unconditionally by the security outfit.
Recall Ubah was arrested detained by the DSS in connection with the theft of petrol kept by the Nigerian National Petroleum Corporation, NNPC, in his tank farm in Lagos. 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”.
Details soon…