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The Department of State Service has arrested oil magnate, Chief Ifeanyi Ubah for alleged oil theft.

The secret police disclosed this in a statement signed by its spokesperson, Mr. Tony Opuiyo, in Abuja on Saturday.

It said that Ubah, who has questioned some weeks ago, was again arrested on Friday over his alleged engagements in acts which the security outfit described as inimical to national security.

Ubah, a managing director of Capital Oil and Gas Limited, was accused of stealing, diversion and illegal sale of petroleum products stored in his tank farm by the Nigeria Petroleum Products Corporation, NNPC.

Opuiyo put the cost of the oil at more than N11bn, adding that such acts were impacting negatively on the national economy.

He said that the arrest and the detention of Ubah was sequel to the power giving the DSS to investigate economic crimes of national security dimension.

The statement said, “In line with the statutory mandate of the DSS to investigate economic crimes of national security dimension, the Service, on May 5, 2017, arrested Ifeanyi Ubah, Managing Director of Capital Oil and Gas Limited.

“The arrest was sequel to UBAH’s engagement in acts of economic sabotage which include stealing, diversion and illegal sale of petroleum products stored in his tank farm by the Nigeria NNPC.

“So far, it has been established that the products stolen amount to over Eleven Billion Naira (N11bn). There is no doubt that UBAH’s acts have the capacity to negatively impact on national economy.”

He added that Ubah had further engaged in other activities which he said were initial to national security and public order.

For example, the oil magnate was accused of inciting members of the Petroleum Tanker Drivers to embark on strike because of his (Ubah’s) investigation by the DSS.

Opuiyo said that this was part of the plans by the detained businessman to curry the favour of the public and force the government from going on with the recovery of the funds in his care.

The statement said, “It is instructive to note that UBAH 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, 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.”

Opuiyo assures that public that the service would collaborate with appropriate agencies to ensure that mischievous activities of any person or group(s) to engage in illegal activities will not affect the effective distribution of products across the country.

He added that the service would 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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Court Remands Woman For Allegedly Stabbing Husband To Death In Ibadan

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An Iyaganku Chief Magistrates’ Court yesterday ordered the remand of a housewife, Olajumoke Olalere, 33, at Agodi Correctional facility, Ibadan, for allegedly stabbing her husband to death.

The Chief Magistrate, Mrs Olabisi Ogunkanmi, who did not take the defendant’s plea for lack of jurisdiction, ordered her remand pending the legal advice from the Directorate of Public Prosecution (DPP).

She, thereafter, adjourned the case until March 5, 2025 for mention.

According to The News Agency of Nigeria (NAN), the police charged Olalere with a count of murder.

The prosecutor, Cpl. Akeem Akinloye, had told the court that the defendant on October 30, at 9.00 p.m. allegedly caused the death of her 39-year-old husband, Oluwasegun Tinubu.

Akinloye said the defendant allegedly stabbed her husband with a knife during a disagreement at their house, at Zone 5, Gbelu, Iyana – Agbala, Ibadan.

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BIG STORY

UPDATE: EFCC Grants Former Delta Governor Okowa Bail Over Alleged N1.3trn Fraud

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The Port Harcourt zonal command of the Economic and Financial Crimes Commission (EFCC) has granted administrative bail to Dr. Ifeanyi Okowa, a former governor of Delta State, over allegations of diverting N1.3 trillion in 13% derivation funds from the federation account between 2015 and 2023.

Okowa was arrested on Monday, November 4, 2024, in Port Harcourt, Rivers State, after reporting to the Port Harcourt Directorate of the EFCC at the invitation of investigators handling his case.

Sources confirmed that the former governor left the EFCC facility around 9 pm on Wednesday night.

A source under anonymity stated: “He left the facility at about 9 pm yesterday (Wednesday).”

“Okowa is expected to return soon to provide documents and answer more questions before the matter will be charged to court.”

The former governor is accused of failing to account for the 13% derivation funds, as well as an additional N40 billion, which he allegedly claimed to have used to acquire shares in UTM Floating Liquefied Natural Gas (LNG).

Specifically, Okowa is said to have purchased N40 billion worth of shares in one of the country’s major banks, representing an 8% equity stake in the offshore LNG venture.

The funds are also alleged to have been diverted for other purposes, including acquiring properties in Abuja and Asaba, Delta State.

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Assaulted Abuja Bolt Driver Makes U-Turn, Apologizes To Abia Rep Ikwechegh

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A Bolt driver, Stephen Abuwatseya, who was assaulted by the House of Representatives member representing Aba North/South of Abia State in the National Assembly, Alex Ikwechegh, during a package delivery, has apologized for his actions.

In a video statement on Thursday and seen by The Nation, Abuwatseya expressed regret for provoking Ikwechegh and asked Nigerians for forgiveness.

He said: “Good day, Nigerians. My name is Stephen Abuwatseya. I had a misunderstanding with Rt. Hon. Alex Mascot Ikwechegh a few days ago.

“I actually want to apologise to him for whatever I must have said or done to provoke him to that level of anger.

“I want to tell Nigerians that it’s not time for us to start dividing ourselves based on religion, tribes, or regions. We should actually come together, see how we can unite this nation, and move it forward.

“Please, Nigerians, let’s forgive and forget, as it’s even contained in our Lord’s Prayer, that ‘Lord, please forgive us, as we forgive those who trespass against us.’ For there is no justice without forgiveness. Thank you very much.”

Abuwatseya also thanked family and well-wishers for their support over the issue, “I want to use this medium to thank my family members, my parents, my brothers, my uncles and everybody that stood by me.

“I want to thank all of you. I love you all. Thank you. God bless Nigeria.”

On October 28, a viral video showed Ikwechegh slapping the Bolt driver in the Federal Capital Territory (FCT), Abuja.

Going by the conversation recorded in the viral video, the lawmaker had ordered some snails from a vendor who engaged the services of the e-hailing app driver to deliver the goods.

According to Abuwatseya, tensions escalated when he requested that Ikwechegh come outside to receive his delivery personally and asked to be paid.

In the video, the lawmaker repeatedly insisted that the request was disrespectful given his social status.

A furious Ikwechegh was heard speaking with the vendor on the phone. “How can this stupid idiot come to me and tell me that I am supposed to come and meet him in his car and pick up a snail I am buying from you? I can make this man disappear in the whole of Nigeria and nothing will happen,” the lawmaker blurted to the speaker on the other side.

“I am not going to call my policemen to beat you up. I will do that myself. I will show you that I am a big brother. I will tie you up, lie you down and put you in my generator house. Do you know where you are? Because you saw me sitting outside here. Look at this monkey,” he said.

When alerted that the episode was recorded, the lawmaker told the driver: “My name is Honourable Alexander Mascot Ikwechegh, I am a member of the House of Reps, tell them. Call the Inspector General of Police, let him come.”

However, a few days after the incident, Ikwechegh issued a public apology, acknowledging his actions and expressing regret over his behaviour during the altercation.

In a message posted on Instagram, the lawmaker apologised to the Bolt driver, the Nigerian Police Force, and the National Assembly, admitting that his actions did not meet the standards expected of a public official, regardless of the provocation involved.

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