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Ifeanyi Ubah, Capital Oil & Gas: We’re VINDICATED by the Nigeria Police investigations report

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USAfrica: Ifeanyi Ubah and Capital Oil & Gas  Limited stand VINDICATED by the Nigeria Police investigations report

Special to USAfrica multimedia networks, Houston.                                                                 @Twitter.com/Chido247Facebook.com/USAfricaChido n Facebook.com/USAfrica247

 

Specifically, the Nigeria Police stated in their February 12, 2013 report that: “Investigations have laid bare all issues in the 15 complaints against Capital

Ifeanyi-Ubah_OTC-USAfrica-pix-by-chido_nwangwu

Ifeanyi-Ubah_OTC-in-Houston_USAfrica-CLASSmagazine_pix-by-chido_nwangwu

Oil & Gas by the Presidential Committee on the Verification and Reconciliation of Fuel Subsidy Payments. After due analysis and consideration of the team’s findings, we found out that there is no inference of a prima facie case of the alleged offences.” The Police investigation therefore found as untrue and unsubstantiated the allegations by the Presidential Committee against Ifeanyi Ubah/Capital Oil & Gas Industries Limited of collecting subsidy payments without importing or discharging any fueL

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USAfrica Advertiser’s Announcement:

In a reasoned and necessary response to the local and international communities, including our business associates and well-wishers have witnessed and expressed concern about the malicious, orchestrated, misleading and reinforced media campaign against our corporation, Capital Oil & Gas Industries Limited, and our chairman Ifeanyi Ubah, we are compelled to break our self-imposed silence.

Earlier, we resolved not to make any further statements in the media about our dispute with Access Bank/Coscharis Motors but recent mis-statements in the media demand that we issue this statement for record purposes:

It was our sincere belief that Access Bank will honour the terms of settlement signed by the parties on February 9, 2013 by avoiding any further media attack against us, Ifeanyi Ubah and Capital Oil & Gas Industries Limited. We are saddened to note however that Access Bank still gives the erroneous impression that our legal disputes with the bank are on-going.

It is our hope that the latest media onslaught against Ifeanyi Ubah and Capital Oil & Gas Industries Limited is not an indication that Access Bank intends to back out of the terms of the settlement agreement. If so, we expect them to publicly make it clear; and with the attendant implications.

It is therefore in furtherance of our resolve to put the record straight that we wish to inform the general public that the Special Fraud Unit of the Nigeria Police Force has capital_OIL_gas_nigeria_Limited_Logocleared Ifeanyi Ubah and Capital Oil & Gas Industries Limited of the indictment by the Presidential Committee on the Verification and Reconciliation of Fuel Subsidy Payments (PC) chaired by Aigboje Aig-Imoukhuede, the Managing Director of Access Bank. The clearance by the Police was contained in a letter dated February 12, 2013 written to the Minister of Finance, a copy of which was made available to us, the Inspector General of Police, Ministry of Petroleum Resources, Debt Management Office and PPPRA.

The police investigation found that there is no inference of a prima facie case of the alleged offences against us. Specifically the Nigeria Police stated in their report that: “Investigations have laid bare all issues in the 15 complaints against Capital Oil & Gas by the Presidential Committee on the Verification and Reconciliation of Fuel Subsidy Payments. After due analysis and consideration of the team’s findings, we found out that there is no inference of a prima facie case of the alleged offences”.

The Police investigation therefore found as untrue and unsubstantiated the allegations by the Presidential Committee against Ifeanyi Ubah/Capital Oil & Gas Industries Limited of collecting subsidy payments without importing or discharging any fuel.

In the report, the Police advised the Honourable Minister of Finance to go ahead and process the outstanding subsidy payment due to the company.

With Access Bank’s renewed media campaign which violates the terms of the February 9, 2013 Settlement Agreement between us, one wonders what the Bank is trying to achieve by provoking an unnecessary media war tending to suggest that we have anything to fear about the Aig-Imoukhuede-led Presidential Committee Report or our business transaction with Coscharis through Access Bank. It is our hope that the Bank understands the implications of their actions. Which raises another question: should the bank continue to use depositors’ funds to embark on a malicious media campaign, undue publicity without any form of accountability?

The general public may recall that various media were awash with all forms of baseless allegations against the Capital Oil & Gas of collecting subsidy payments without importing or discharging any fuel. The smear campaign was so bad that the company was even labeled an ’oil thief’ even when no judicial pronouncement had been made in that regard. Much effort was also made in the media to portray Ifeanyi Ubah and Capital Oil & Gas Industries Limited as wasteful and fraudulent persons.

Furthermore, the clearance by the Police has been further justified by a judgment delivered on February 18, 2013 by the Federal High Court of Nigeria sitting in Lagos, which absolved Capital Oil & Gas Industries Limited and Ifeanyi Ubah of all purported allegations of subsidy scam made against them by the Presidential Committee. The court voided and set aside an Interim Report by the Police dated November 2, 2012 and the Presidential Committee report which purportedly indicted Capital Oil & Gas Industries Limited/Ifeanyi Ubah and our staff.  The court awarded N10 Million damages in favour of Capital Oil & Gas Industries Limited and Ifeanyi Ubah.

It is worthy of mention that there are persons who sought to tarnish our name as well as deliberately spread falsehood against us in a bid to put us out of business so as to unlawfully take-over our business.

There were also those who instigated the arrest and detention of our Managing Director Ifeanyi Ubah, because they saw him as a political and business threat. It was indeed a very distressing period for us. Our business was nearly crippled. Our members of staff were not paid for months. We suffered untold difficulties and set-backs while many of our friends and supporters deserted us owing to the falsehood. Even though we were unfairly treated in the manner our hard earned reputation was publicly battered by those who maliciously came against and after us, we have decided to stay action against all these persons who wronged us. We will watch events as they unfold.

It is therefore with a heart filled with gratitude and humility that we share with the general public, locally and internationally, this official report which cleared us of any wrong-doing or financial impropriety. Despite the accusation of embezzling funds the equivalent of the revenue of eleven states as well as constituting a threat to national security, we have finally been vindicated. We can only thank God as truth has once more prevailed over falsehood. We remain eternally grateful to God and all those who prayed and stood by us especially the Nigerian masses and the media.

Finally, we are more focused and committed than ever before to render services to our country. Our facilities are fully functional and we will continue to work hard to sustain our stakes in the leading daily petroleum distribution in Nigeria. We will continually strive to bring innovations to improve the lives of Nigerians across the markets we offer our services.

Thank you and God bless!!

Signed: The Management (Capital Oil & Gas Industries Limited)


WHY I CELEBRATE THE LIFE AND WORKS OF NELSON MANDELA. By Chido Nwangwu
  http://usafricaonline.com/2010/07/15/mandela-why-i-celebrate-his-life-works-by-chido-nwangwu/

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Nigeria’s Federal Republic of Insecurity. By Chido Nwangwu, Publisher of USAfrica, USAfricaonline.com and the Nigeria360 e-grouphttp://usafricaonline.com/2011/12/17/nigeria-federal-republic-of-insecurity-by-chido-nwangwu/ : IF any of the Nigerian President’s 100 advisers has the polite courage for the extraordinary task of reminding His Excellency of his foremost, sworn, constitutional obligation to the national interest about security and safety of Nigerians and all who sojourn in Nigeria, please whisper clearly to Mr. President that I said, respectfully: Nigerians, at home and abroad, are still concerned and afraid for living in what I call Nigeria’s Federal Republic of Insecurity. FULL text of commentary at USAfricaonline.com http://usafricaonline.com/2011/12/17/nigeria-federal-republic-of-insecurity-by-chido-nwangwu/

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• Nigeria’s bin-Laden cheerleaders could ignite religious war, destabilize Africa. By USAfrica’s Publisher Chido Nwangwuhttp://usafricaonline.com/chido.binladennigeria.html http://www.google.com/search?client=safari&rls=en&q=USAfrica+Chido+Nwangwu+al-qaeda+terrrorism+nigeria&ie=UTF-8&oe=UTF-8 http://usafricaonline.com/tag/al-qaeda/ 310 killed by Nigeria’s ‘talibans’ in Bauchi, Yobe n Maiduguri; crises escalate. USAfricaonline.com  on  July 28, 2009. www.usafricaonline.com/chido.ngrtalibans09.html http://www.groundreport.com/World/310-killed-by-Nigerias-talibans-in-Bauchi-Yobe-n-M/2904584

Obama’s Africa agenda, our business and democracy. By Chido Nwangwu, Publisher of USAfricaonline.com and CLASS magazine and The Black Business Journal

USAfrica: As Egypt’s corrupter-in-chief Mubarak slides into history’s dustbin.  By Chido Nwangwuhttp://usafricaonline.com/2011/01/30/chido-nwangwu-as-egypt-corrupter-in-chief-mubarak-slides-into-historys-dustbin-egyptians-not-waiting-for-obama-and-united-nations/

Tunisia, Egypt . . . Is Nigeria next? By Prof. Rosaire Ifedi           http://usafricaonline.com/2011/02/13/tunisia-egypt-is-nigeria-next-by-prof-rosaire-ifedi/

USAfrica: Awolowo’s Starvation Policy against Biafrans and the Igbo requires apology not attacks on Achebe. By Francis Adewale.

How and Why Romney beat Obama in first presidential debate. By Chido Nwangwu, Publisher of USAfrica. http://usafricaonline.com/2012/10/03/how-and-why-romney-beat-obama-in-first-presidential-debate-by-chido-nwangwu/

Related insight: USAfrica’s October 17, 2001 special report/alert: Nigeria’s bin-Laden cheerleaders could ignite religious war, destabilize Africa. By USAfrica’s Publisher Chido Nwangwuhttp://usafricaonline.com/chido.binladennigeria.html

http://www.google.com/search?client=safari&rls=en&q=USAfrica+Chido+Nwangwu+al-qaeda+terrrorism+nigeria&ie=UTF-8&oe=UTF-8

http://usafricaonline.com/tag/al-qaeda/

• For seasoned insights and breaking news on these issues, log on to USAfricaonline.com and USAfrica powered e-groups including USAfrica at googlegroupsFollow us at Facebook.com/USAfricaChidoFacebook.com/USAfrica247 n Twitter.com/Chido247 

Related and prior reporting on the Jos crises on USAfrica, click here: http://usafricaonline.com/2011/08/16/10-killed-in-renewed-violence-near-jos/

News archives related to Jos, here http://usafricaonline.com/?s=jos

Trump looks foolish and crazy screaming about Obama’s birth certificates, college records and Muslim connection. By Raynard Jackson

 News: At Ojukwu memorial in Dallas Texas, USAfrica’s Chido Nwangwu challenges the Igbo nation to say never again like Jews.

• For seasoned insights and breaking news on these issues, log on to USAfricaonline.com and USAfrica powered e-groups including Nigeria360 at yahoogroups and USAfrica at googlegroups. Follow us at Facebook.com/USAfricaChido and Twitter.com/Chido247

 

 

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AFRICA

World SOCCER SHOWDOWN: South Africa backs Morocco; U.S under pressure

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Special to USAfrica [Houston]  • USAfricaonline.com  •  @Chido247  @USAfricalive

“It is an old myth that Africa doesn’t have the capacity, and naysayers should stop using the political argument. Africa hosted the best Fifa World Cup ever and with good support, Morocco can emulate South Africa,” said the SAFA president Jordaan.

Johannesburg – South Africa Football Association (SAFA) president Danny Jordaan has promised Morocco that South Africa will give its unqualified support to secure another World Cup on the African continent in 2026.

Morocco is vying to stage the world’s biggest football prize against a joint bid by Canada, Mexico and the U.S.

The Moroccan delegation comprises ex-Senegal and Liverpool striker El Hadji Diouf and former Cameroonian goalkeeper Joseph-Antoine Bell.

Jordaan said it would be great for Africa to have a second bite of the World Cup cherry, adding Morocco’s bid was Africa’s bid.

Jordaan assured Morocco that he would personally lobby for the Council for Southern Africa Football Associations (Cosafa) and the rest of the continent to rally behind the Moroccans.

In his remarks, Antoine Bell said Morocco had all the ingredients to host another spectacular World Cup.

“South Africa showed the way and I am confident Morocco will follow suit. The country has international standards, from the stadiums to top infrastructure. Morocco can compete with the best in the world,” he said.

By giving Morocco its support, South Africa’s voice would make all the difference on the continent, Bell said.

“When South Africa talks on the continent, the rest of the continent listens hence it is vital for South Africa to support Morocco. South Africa has the experience and Morocco will use this experience to win the 2016 bid,” added Bell. African News Agency

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AFRICA

USAfrica: Catholic priest Etienne killed by militia in DR Congo, after a wedding mass

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Special to USAfrica [Houston]  •  @USAfricaLIVE

Goma – A Catholic priest was found shot dead hours after he said mass in Democratic Republic of Congo’s restive North Kivu province, a member of the church told AFP.

“Father Etienne Sengiyumva was killed [on] Sunday by the Mai Mai Nyatura (militia) in Kyahemba where he had just celebrated a mass including a baptism and a wedding,” father Gonzague Nzabanita, head of the Goma diocese where the incident occurred, told AFP.

The Mai Mai Nyatura are an armed group operating in North Kivu, in eastern DRC.

Nzabanita said Sengiyumva, 38, had had lunch with local faithful before “we found him shot in the head”.

North and South Kivu provinces are in the grip of a wave of violence among militia groups, which often extort money from civilians or fight each other for control of mineral resources.

Last week unknown assailants kidnapped a Catholic priest in North Kivu, demanding $500 000 for his release.

Eastern DRC has been torn apart by more than 20 years of armed conflict, fuelled by ethnic and land disputes, competition for control of the region’s mineral resources, and rivalry between regional powers.

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AFRICA

USAfrica: Nigeria’s LOOTERS LIST and Buhari’s selective corruption targets. By Majeed Dahiru

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PDP vs APC Looters List and Buhari’s selective corruption targets

By Majeed Dahiru

Special to USAfrica {Houston] • USAfricaonline.com • @USAfricaLive

 

Timipriye Silva, a former governor and PDP chieftain, who became a founding member and financier of APC, had his corruption charges quashed by a federal high court and Buhari’s Economic and Financial Crimes Commission (EFCC) failed to appeal the N19.5 billion fraud case.

More curious are the missing names of some accused looters with marital ties to Nigeria’s First and Second families. Gimba Yau Kumo, the PDP appointed former managing director of the Federal Mortgage Bank and now son-in-law of President Buhari, who was similarly accused of fraudulent activities amounting to about N3 billion and reportedly being investigated by EFCC, is missing from [Buhari’s Information Minister] Lai Mohammed’s list.

For a party that has been accused of destroying Nigeria by squandering accrued oil revenues estimated at over $500 billion in sixteen years, it is confounding that Lai’s list is not only exclusively comprised of PDP looters but also captures the last two years of PDP’s last lap in power and included just Goodluck Jonathan’s associates, who supported him against candidate Buhari, while also relating only to funds used in the last electioneering campaign of the PDP.

Whenever the obviously abysmal performance of the Muhammadu Buhari administration appears to be gaining sustained attention, and leading to murmuring within the rank and file of his supporters, a tale of humungous looting by opposition elements is usually spun and thrown into the public space to distract people away from the core issue of the failure of governance.

Like a fit of deja vu, the recently unveiled list of looters by Lai Mohammed, a fellow who comes across as more of President Muhammadu Buhari’s chief propagandist than a minister of the federal republic of Nigeria in charge of information and culture, didn’t come as a surprise. The list is all too familiar as the unveiling was a summarised rehash of politically exposed individuals who are members of the opposition party, close associates of former President Goodluck Jonathan, particularly his appointees in government, who have been named and shamed several times in well-coordinated media trials.

First on Lai’s list is Uche Secondus, the chairman of the opposition Peoples Democratic Party (PDP). Lai had this to say of Secondus: “On the 19th of February 2015, he took N200 million only from the office of the NSA”. An unidentified former financial secretary of the PDP was similarly accused of “taking” N600 million from the same office of the National Security Adviser. Lai Mohammed also re-revealed that frontline member of PDP and media mogul, who deployed his media power to promote Goodluck Jonathan by de-marketing the Buhari candidacy in the run up to 2015 presidential election, Raymond Dokpesi, is on trial for “taking” N2.1 billion from the office of the then NSA. Lai also reminded Nigerians that his shouting match and former spokesman of the PDP, Olisa Metuh is on trial for “collecting” N1.4 billion from the same office of the NSA.

Lai Mohammed’s expanded follow up list included the usual suspects – former ministers, PDP state governors, service chiefs, presidential aides, associates and family members of former President Goodluck Jonathan, who were collectively accused of looting Nigeria of close to $2.1 billion through the office of the former NSA, Col. Sambo Dasuki (rtd.).

The choice of words like “took” and “collected” deployed by Lai to describe the manner in which those named received these monies was deliberate for the maximum effect of propaganda, portraying the accused persons as looters who broke into NSA vault and catered away boxes of cash at something akin to a gun point.

While the clamp down on PDP looters who supported Goodluck Jonathan and are still members of the former ruling party has been heavy handed, others who decamped from PDP to the All Progressives Congress (APC) on the eve of the 2015 elections and supported candidate Buhari’s campaign with their share of loot have been forgiven. For example, former NSA, Sambo Dasuki is being treated as an apostate for his role in the disbursement of funds that were used to oil Goodluck Jonathan’s electioneering effort. He has been kept in detention illegally and in defiance of several judicial rulings. Judging by the Buhari administration’s anti-corruption standard of an accusation being tantamount to guilt, in clear contempt of court proceedings by the resort to the naming and shaming suspects even before investigations and criminal prosecution are concluded and convictions obtained, it becomes curious that Lai’s list didn’t reveal any new name. Rather some names were either missing or omitted from what is a familiar list. This appears so because the bulk of PDP bigwigs who “destroyed” Nigeria in sixteen years of national rule are firmly in control of the APC, from its elected national executives to the National Assembly and appointed members of the federal executive council. The majority of APC-elected governors were also former members of the PDP. Even recently decamped PDP members to APC, such as Musiliu Obanikoro and Sulivan Chime, who have been prominently named and shamed in the recent past, were conspicuously missing from the released list of looters.

More curious are the missing names of some accused looters with marital ties to the first and second families. Gimba Yau Kumo, a former PDP appointed managing director of the Federal Mortgage Bank and now son-in-law of President Buhari, who was similarly accused of fraudulent activities amounting to about N3 billion and reportedly being investigated by EFCC, is missing from Lai’s list. Also missing on that list is Bola Shagaya.

Arguably one of Africa’s richest women, with a reputation for close business and political ties to all first families in the past two decades, Bola Shagaya was exceptionally close to the Goodluck Jonathan family. Often described as a bosom friend of former first lady Patience Jonathan, she has been accused, in numerous instances, allegedly, of acting as Patience Jonathan’s front for the laundering of illicit money estimated at over N13 billion, while engaging in other fraudulent activities involved in state capture. All that may be in the past now as she has found her way back to reckoning with the marriage of her son, Seun Bakare to Damilola, the daughter of Vice President Yemi Osinbanjo. Little wonder then, Bola Shagaya’s name is not on Lai’s looters list.

In a clear display of the arrogance of ignorance, the Buhari administration has narrowed its war on corruption to the hounding of members of the Jonathan administration, other individuals and organisations that were known to have worked against the emergence of the President [Buhari] in the 2015 presidential elections. This is clearly evident in the selective nature of the current anti-corruption effort.

The tone of generalisation of the PDP as the problem of Nigeria, as an indicator of corruption, should make all members of PDP (both former and present) and their collaborators in other parties guilty, hence qualifying them for naming and shaming, while being liable for criminal prosecution.

Therefore, Buhari’s list of looters is devoid of integrity, because his selective war on corruption is indicative of corruption in itself. All that is required of a former PDP looter is to get baptised into APC and profess Buhari as the saviour of Nigeria. This is precisely responsible for the failure and ineffectiveness of the war on corruption. Nothing has changed as the current APC looters continue to loot Nigeria, while the redeemed former PDP looters continue to enjoy their loot in hibernation under the abundant grace of the infallible Buhari.

• Dahiru is based in Abuja 

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