Chairman of Capital Oil and Gas Limited, Ifeanyi Ubah,
has left the country.
He jetted out of the country’s shores Thursday morning.
An impeccable source confirmed the development to our
correspondent Thursday afternoon.
“Chairman left Nigeria this morning. The information I have
is that he has gone to attend to his health. So I believe it’s a medical trip,”
the source said.
“We understand that the recent ordeal was traumatic for him.
He has never been out of circulation for 6 weeks and you know what that means
to a wealthy man.”
Asked which country the oil magnate travelled to and how
long he will be away, our source simply replied: “Somewhere in Europe, I don’t
know how long he will stay.”
DAILY POST on Wednesday reported that Ubah had been released
by the Department of State Services (DSS).
Ubah regained his freedom after about six weeks in
custody.
He was arrested and detained by DSS on May 5, 2017, for alleged
engagement in acts of economic sabotage which include stealing, diversion and
illegal sale of petroleum products stored in his tank farm (in Lagos) by the
NNPC.
On May 25, Justice Yusuf Halilu of the FCT Federal High
Court extended the detention of Ubah following an ex-parte application the DSS
filed through its lawyer, Mr. G.O.A. Agbadua.
Recall that last week, an Abuja Division of the Court of
Appeal gave the Economic and Financial Crimes
Commission not to continue its
investigation of Ubah, for alleged complicity in a N43.29bn petroleum subsidy
scheme fraud.
By Wale Odunsi
