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Ifeanyi Ubah diverted 11bn PMS, NNPC tells court

The Nigerian National Petroleum Corporation has opposed the suit filed by the Managing Director of Capital Oil and Gas Limited, Ifeanyi Ubah, seeking to be released from the custody of the Department of State Services.

In a preliminary objection filed through its lawyer, K.T. Turak (SAN), and argued on Thursday before Justice Mohammed Idris of the Federal High Court in Lagos, the NNPC claimed that Ubah and his company diverted 84,891,730 litres of Premium Motor Spirit belonging to the NNPC.

The PMS, the corporation claimed, was valued at N11,144,586,314.40.

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