THE FIRST IN THE HISTORY OF NIGERIA,A MAN SINGLE HANDEDLY BUILT THE BIGGEST CHURCH CATHEDRAL FOR THE CHRISTIAN COMMUNITY IN NNEWI.
THE SAME MAN SINGLE HANDEDLY RELEASED AND AIR LIFTED OVER 400 NIGERIAN CITIZENS HELD AND ABANDONED IN CHINESE JAILS BACK TO NIGERIA
HE ALSO MADE SURE THAT GREAT NUMBER OF CORPERS INCLUDING IGBOS IN THE NORTH WERE FLOWN BACK TO THEIR VARIOUS EASTHERN LOCATIONS FOR SAFETY
EVEN WHEN LADIPO MARKET WAS CLOSED DUE TO OVER DIRTINESS HE ALSO MADE SURE THAT HE PAID ALL THE NECESSARY FINES TO ENSURE THAT PEOPLE OF THAT MARKET CONTINUES THEIR DAILY BUSINESS PEACEFULLY AND IN OBIDIENT TO THE RULES GUIDING THE MARKET
INFACT THIS MAN HAS DONE ALOT FOR NIGERIA NOT JUST ANAMBRA STATE ALONE TO MENTION BUT A FEW. AND HIS NAME IS DR PATRICK IFEANYI UBAH
PLEASE LETS COME OUT IN MASS AND VOTE FOR THE FREEDOM THAT HAS COME TO ANAMBRA STATE LETS VOTE DR PATRICK IFEANYI UBAH FOR GOVERNOR ANAMBRA STATE CUM 2014


MR MICHEAL ONYEMA 1.C.T MEMBER

Okija. . . HERE WE COME AGAIN!

OKIJA NA SO NAA YOU KNW SAY WE GET MOUTH IFEANYI UBAH DON COME MAKE HIM MAKE A SECURE HOME FOR US ALL

Ifeanyi Ubah's governorship ambition is dead on arrival.

You mean the same Ifeanyi Uba who cannot make one good sentence..?

Please this man should go back to wherever he is coming from. Anambra is the Light of the Nation, we have grown beyond unlettered moneybags like Ifeanyi Uba.

Obi has raised the bars of governance in Anambra. Its not longer how much money you have but how much vision and wisdom and literate you are.

chino listen let me tell you DR PATRICK IFEANYI UBAH IS A DEGREE HOLDER IN PUBLIC RELATIONS AND WHEN IT COMES TO VOCATIONAL AND ORAL DISPENSATION HE COMES OUT FIRST ON THAT ATLEAST HE GETS INTERVIEWED AND COMES OUT FLAWLESS MY DEAR THIS YOUR SO CALLED PETER OBI IS TAKING GLORY FOR WHAT SOMEONE ELSE HAS DONE HE IS ONLY THERE TO SQAUNDER AND SYPHOON OUR MONEY HOW MANY JOBS HAS PETER OBI CREATED FOR THE YOUTHS INSTEAD ALL WE HEAR ARE WHITE COLLAR OPPORTUNITIES THATS WILL NEVA COME TO PASS OR OPPOTUNITY FOR THUGGERY MY DEAR WE ARE TIRED OF INCONSISTENCY AND INSECURITY IN OUR DEAR ANAMBRA STATE. LETS COME OUT IN MASS TO SUPPORT THE FRESH AIR THAT HAS COME TO ANAMBRA STATE.VOTE DR PATRICK IFEANYI UBAH

gymnasium: chino listen let me tell you DR PATRICK IFEANYI UBAH IS A DEGREE HOLDER IN PUBLIC RELATIONS AND WHEN IT COMES TO VOCATIONAL AND ORAL DISPENSATION HE COMES OUT FIRST ON THAT ATLEAST HE GETS INTERVIEWED AND COMES OUT FLAWLESS MY DEAR THIS YOUR SO CALLED PETER OBI IS TAKING GLORY FOR WHAT SOMEONE ELSE HAS DONE HE IS ONLY THERE TO SQAUNDER AND SYPHOON OUR MONEY HOW MANY JOBS HAS PETER OBI CREATED FOR THE YOUTHS INSTEAD ALL WE HEAR ARE WHITE COLLAR OPPORTUNITIES THATS WILL NEVA COME TO PASS OR OPPOTUNITY FOR THUGGERY MY DEAR WE ARE TIRED OF INCONSISTENCY AND INSECURITY IN OUR DEAR ANAMBRA STATE. LETS COME OUT IN MASS TO SUPPORT THE FRESH AIR THAT HAS COME TO ANAMBRA STATE.

My house is not far from Dr Ifeanyi Ubah's house in Umuanuka otolo nnewi. To tell you the truth of all the contestants for anambra governorship, he is the only one that has shown seriousness at least for now. He has been traveling the length and breath of this state canvassing for votes. His house as of today is a Jerusalem of sorts. Many come on solidarity from different local governments.

I am not from Anambra state but I can tell you that Anambra's politics is being re-written. What many don't know is that Ifeanyi Ubah as of today has garnered so much support.

But Ifeanyi has one problem. He should realise that he is now a public figure and bridle his tongue. If he fails this election ( which is less likely) then his tongue caused it. He should concentrate on mending fences, swallowing his pride and seeking the forgiveness of those he has insulted.

Again, he should stop slapping people indiscriminately, you get respect from people by respecting them not by slapping and giving the person N50,000.00 afterwards.

I still believe ifeanyi will win this election. His campaign team has a lot of work to do. November 16, 2013 will be very interesting in Anambra.

Dr? Plesae remove that prefix from his name please!!
His greatest undoing is from his local government area wherehe hails from.

gymnasium: "......Again, he should stop slapping people indiscriminately......."

^^^The mind boggles!

nwabobo whether you like it or not ifeanyi ubah has already succeeded so for your own benefit its better you come and support him so that you will breath a breathe of fresh air in anambra state

igbo son my brother thank you for your comment it shows you really know ifeanyi ubah but one thing you should know is that everybody has a place they always fault nobody is perfect but together we stand strong all he needs now is our vote and support lets come out in mass and accept freedom and security for anambra state cum november 16 2013 vote dr ifeanyi ubah

the day ifeanyi ubah wins governoship election in anambra is the day i know anambra is DOOMED.

ASHA 80 IF YOU KNOW IFEANYI UBAH YOU WONT BE TALKING LIKE THIS LISTEN DR PATRICK IFEANYI UBAH HAS COME TO TAKE ANAMBRA AND YOU TO THE NEXT LEVEL OF DEVELOPMENT SO COME OUT AND SUPPORT HIM WITH YOUR VOTES THANK YOU

Bros
I am glad to know that you are a member of the I.C.T in Dr. Ify Ubah's guber
campaign team. How can I contact u for us to discuss a sporadic method
of winning this election using the world wide web certainties. vmaxipro@yahoo.com

It will be a hard choice between Ifeanyi Uba and Andy Uba.
I don't know if the surnames have anything to do with it, but these fellows should contest for the Most "notorious" person with guber ambition.

The Nov. 16, contest is between Soludo and Ngige.
But we are asking Anambrians to vote Soludo in!

www.facebook.com/soludon2013

gymnasium: ASHA 80 IF YOU KNOW IFEANYI UBAH YOU WONT BE TALKING LIKE THIS LISTEN DR PATRICK IFEANYI UBAH HAS COME TO TAKE ANAMBRA AND YOU TO THE NEXT LEVEL OF DEVELOPMENT SO COME OUT AND SUPPORT HIM WITH YOUR VOTES THANK YOU

so na beg you want come beg for vote, the thing be say we no go vote him,

nwabobo: Ifeanyi Ubah's governorship ambition is dead on arrival.

Please he should resolve his issue with Cosmas Maduka of Coscharis and pay off his debt to Access Bank first, if he wants people to take him seriously.

The Sun Newspapers: President of Coscharis Group, Dr. Cosmas Maduka, returned to the country at the weekend to throw more light on the raging loan saga with Capital Oil and Gas Limited, vowing that he would use every legitimate means at his disposal to recover the debt owed him by Capital Oil boss Ifeanyi Ubah.

“I will collect my money to the very last kobo,” Maduka said on a breach of contract between his company and Capital Oil which he said culminated into a loss running into billions of naira. But in a swift reaction, Ubah told Daily Sun in a telephone chat that he would no longer join issues with anybody on the matter since he had taken both Maduka and Access Bank to court over the transaction, this is even as he alluded to a plot by the bank to use the Cosharis boss to take over his Capital Oil assets.

“The case is already a subject of litigation in court and I don’t want to comment on it,” Ubah said. “But I know that the target is my business; they want to take over my assets and they would stop at nothing, including lies to achieve their target,” Ubah added. According to Maduka, his company Coscharis Group had entered into a Joint Venture (JV) deal with Capital Oil for the purpose of importing and distributing Premium Motor Spirit (commonly called petrol).

Maduka said his foray into the fuel business with Capital Oil was necessitated more by compassion to bail the young Ubah out of a credit crunch crisis as most Nigerian creditor institutions had refused to advance him any form of loan for his business. Vibrant Venture Limited was subsequently appointed as a warehousing agent for the joint venture partnership.

Maduka claimed after the joint venture deal was sealed, both companies were able to secure a loan from Access Bank for the importation of Premium Motor Spirit, but he alleged that Ubah and his company breached the terms of the deal by engaging in the diversion of the imported products and other fraudulent activities which had marred the ability to execute the joint venture deal as a profitable establishment.

“Capital Oil’s diversion of these products in collusion with the Shippers has made the repayment of the facility schedules to come from sales proceeds impossible,” said Maduka. “Accordingly, the exposure to Access Bank Plc stands at about N21billion while interest rate accrues. Capital Oil has also refused to release the 56,568,587.11 litres of PMS in the designated tank farm for this transaction under the management of our warehousing agent in its tank farm, for disposal to facilitate payment of our financial obligation to Access Bank,” he added.

Maduka who hails from the same Nnewi, Anambra State, as Ubah said he had to report the younger businessman to the Special Fraud Unit (SFU) when every effort to get Uba to live up to his contractual obligations in respect of the petrol import deal (including a meeting called by the traditional ruler of their town) failed to get Uba to the round table to sort out the matter.

Maduka showed Daily Sun various documents sourced from regulatory agencies to back up his allegations that Capital Oil did breach its terms of contract by not executing the letters of credit it collected for importing and discharging products in Nigeria so it could make claims to be re-imbused by the government under the fuel subsidy scheme.

“These products did not arrive,” Maduka said of the breached contracts. “And when Capital Oil was asked for the whereabout of the products, no satisfactory answer was provided,” he added. Ubah acknowledged Access Bank as its creditor “financing over 70 per cent of its importation” deals. Ubah who honoured an invitation by the Special Fraud Unit of the Nigerian Police on October 9 was detained till October 19 due to allegations of corruption – collecting subsidy funds without importing products – brought against his company by the Presidential Committee.

Ubah’s Capital Oil however absolved itself of any form of corrupt act, noting however that the Access Bank chief lacked the moral credibility to probe an industry in which he was also an operator with equity stakes in some of the oil importation firms, just as it alleged that Access Bank stood the greater chance of taking over its assets if its CEO, now auditing the industry, was left to have his way of barring the government from settling fuel subsidy debts owed the firm over a long period of time.

Such delay translates to the accumulation of more debts as the oil firm is inhibited from timely settlements of its debts to the bank and with more interest default payment fines coming, in the company could go bust, thus paving the way for a creditor to take over.

According to records initially released by Ubah’s aides, the company is owed about N14 billion in subsidy refund (otherwise known as Sovereign Debt Notes, SDN) while the monthly interest on the N21 billion loan secured through Coscharis is put at about N380 million “The allegations are spurious, they border on the absurd and merely intended to pull us down in order to achieve Aig-Imoukhuede’s dream of aiding his company – Access Bank – to frustrate our business activities and take over our company,” said the oil firm. It noted that the bank checked every stage of the importation process to satisfy itself that the importation was actually carried out.

In effect, the investigation that Mr Aig-Imoukhuede is currently carrying out on Capital Oil is an indirect investigation of his bank. “ Given the present circumstances, we strongly believe that it is most unethical and contrary to natural justice, equity and good conscience for Aig-Imoukhuede to continue to chair any committee charged with the responsibility of verifying the subsidy refund claims. “Because his bank is part and parcel of the whole transactions having financed them and, therefore, stands to benefit from any prolonged delay in the payment of the subsidy refunds to us.” But all these do not seem to impress Maduka.

According to him Aig-Imoukhuede’s character and integrity can never be faulted. He insists Ubah is just throwing so many things into the fray to confuse the public and divert attention from what the questions really are. He should tell us: where is the consignment for which he drew on the letter of credit? We have evidence to show that the consignment was shipped, we have the bill of lading, but there is no record to show that the products ever got to Nigeria. If they did, let him show us the documentation”, Maduka maintained.

The Coscharis boss said the claim that the bank processed and received the SDN for the missing four shipments is a different kettle of fish and does not prove that the shipment ever got in. He said that of the 10 Letters of Credit opened for Capital Oil, Ubah only partly delivered on the first six while the last four simply vanished. What that means is that, of the 377,400,033 litres of petrol paid for, only 197,093,412 litres was delivered. The rest which left their country of origin for Nigeria since September 2011 have yet to arrive. To this development, Maduka says: “we have comprehensive insurance for the consignment. If it sank with the ship or got burnt on the way, let him provide the details so we can file for claim with the insurance company.

It is even more understandable if the shipment came and they said the product was contaminated or substandard, or even got caught up in the exchange rate somersault and he, therefore, sold at a loss. I can understand all that. What I can’t understand is this idea of the entire consignment disappearing into thin air”. Producing document after document on the details of the transaction that allegedly saw him borrowing money for Capital Oil and how the entire transaction was properly structured from the onset, Maduka lamented: What this means is that I am losing N21 billion and somebody says I should keep quite! I will get my money, even if it is the last thing I do. I am ready to die doing just that”.

http://sunnewsonline.com/new/cover/capital-oil-crisis-my-case-against-ifeanyi-ubah-by-coscharis-boss/

Ifeanyi uba is d man let us give d youth chance dis time

ik4life thank you very much for supporting the truth support ifeanyi ubah for governor 2013 and anambra will be a better place for us all

nwabobo: Ifeanyi Ubah's governorship ambition is dead on arrival.


Please he should resolve his issue with Cosmas Maduka of Coscharis and pay off his debt to Access Bank first, if he wants people to take him seriously.

The Sun Newspapers: President of Coscharis Group, Dr. Cosmas Maduka, returned to the country at the weekend to throw more light on the raging loan saga with Capital Oil and Gas Limited, vowing that he would use every legitimate means at his disposal to recover the debt owed him by Capital Oil boss Ifeanyi Ubah.

“I will collect my money to the very last kobo,” Maduka said on a breach of contract between his company and Capital Oil which he said culminated into a loss running into billions of naira. But in a swift reaction, Ubah told Daily Sun in a telephone chat that he would no longer join issues with anybody on the matter since he had taken both Maduka and Access Bank to court over the transaction, this is even as he alluded to a plot by the bank to use the Cosharis boss to take over his Capital Oil assets.

“The case is already a subject of litigation in court and I don’t want to comment on it,” Ubah said. “But I know that the target is my business; they want to take over my assets and they would stop at nothing, including lies to achieve their target,” Ubah added. According to Maduka, his company Coscharis Group had entered into a Joint Venture (JV) deal with Capital Oil for the purpose of importing and distributing Premium Motor Spirit (commonly called petrol).

Maduka said his foray into the fuel business with Capital Oil was necessitated more by compassion to bail the young Ubah out of a credit crunch crisis as most Nigerian creditor institutions had refused to advance him any form of loan for his business. Vibrant Venture Limited was subsequently appointed as a warehousing agent for the joint venture partnership.

Maduka claimed after the joint venture deal was sealed, both companies were able to secure a loan from Access Bank for the importation of Premium Motor Spirit, but he alleged that Ubah and his company breached the terms of the deal by engaging in the diversion of the imported products and other fraudulent activities which had marred the ability to execute the joint venture deal as a profitable establishment.

“Capital Oil’s diversion of these products in collusion with the Shippers has made the repayment of the facility schedules to come from sales proceeds impossible,” said Maduka. “Accordingly, the exposure to Access Bank Plc stands at about N21billion while interest rate accrues. Capital Oil has also refused to release the 56,568,587.11 litres of PMS in the designated tank farm for this transaction under the management of our warehousing agent in its tank farm, for disposal to facilitate payment of our financial obligation to Access Bank,” he added.

Maduka who hails from the same Nnewi, Anambra State, as Ubah said he had to report the younger businessman to the Special Fraud Unit (SFU) when every effort to get Uba to live up to his contractual obligations in respect of the petrol import deal (including a meeting called by the traditional ruler of their town) failed to get Uba to the round table to sort out the matter.

Maduka showed Daily Sun various documents sourced from regulatory agencies to back up his allegations that Capital Oil did breach its terms of contract by not executing the letters of credit it collected for importing and discharging products in Nigeria so it could make claims to be re-imbused by the government under the fuel subsidy scheme.

“These products did not arrive,” Maduka said of the breached contracts. “And when Capital Oil was asked for the whereabout of the products, no satisfactory answer was provided,” he added. Ubah acknowledged Access Bank as its creditor “financing over 70 per cent of its importation” deals. Ubah who honoured an invitation by the Special Fraud Unit of the Nigerian Police on October 9 was detained till October 19 due to allegations of corruption – collecting subsidy funds without importing products – brought against his company by the Presidential Committee.

Ubah’s Capital Oil however absolved itself of any form of corrupt act, noting however that the Access Bank chief lacked the moral credibility to probe an industry in which he was also an operator with equity stakes in some of the oil importation firms, just as it alleged that Access Bank stood the greater chance of taking over its assets if its CEO, now auditing the industry, was left to have his way of barring the government from settling fuel subsidy debts owed the firm over a long period of time.

Such delay translates to the accumulation of more debts as the oil firm is inhibited from timely settlements of its debts to the bank and with more interest default payment fines coming, in the company could go bust, thus paving the way for a creditor to take over.

According to records initially released by Ubah’s aides, the company is owed about N14 billion in subsidy refund (otherwise known as Sovereign Debt Notes, SDN) while the monthly interest on the N21 billion loan secured through Coscharis is put at about N380 million “The allegations are spurious, they border on the absurd and merely intended to pull us down in order to achieve Aig-Imoukhuede’s dream of aiding his company – Access Bank – to frustrate our business activities and take over our company,” said the oil firm. It noted that the bank checked every stage of the importation process to satisfy itself that the importation was actually carried out.

In effect, the investigation that Mr Aig-Imoukhuede is currently carrying out on Capital Oil is an indirect investigation of his bank. “ Given the present circumstances, we strongly believe that it is most unethical and contrary to natural justice, equity and good conscience for Aig-Imoukhuede to continue to chair any committee charged with the responsibility of verifying the subsidy refund claims. “Because his bank is part and parcel of the whole transactions having financed them and, therefore, stands to benefit from any prolonged delay in the payment of the subsidy refunds to us.” But all these do not seem to impress Maduka.

According to him Aig-Imoukhuede’s character and integrity can never be faulted. He insists Ubah is just throwing so many things into the fray to confuse the public and divert attention from what the questions really are. He should tell us: where is the consignment for which he drew on the letter of credit? We have evidence to show that the consignment was shipped, we have the bill of lading, but there is no record to show that the products ever got to Nigeria. If they did, let him show us the documentation”, Maduka maintained.

The Coscharis boss said the claim that the bank processed and received the SDN for the missing four shipments is a different kettle of fish and does not prove that the shipment ever got in. He said that of the 10 Letters of Credit opened for Capital Oil, Ubah only partly delivered on the first six while the last four simply vanished. What that means is that, of the 377,400,033 litres of petrol paid for, only 197,093,412 litres was delivered. The rest which left their country of origin for Nigeria since September 2011 have yet to arrive. To this development, Maduka says: “we have comprehensive insurance for the consignment. If it sank with the ship or got burnt on the way, let him provide the details so we can file for claim with the insurance company.

It is even more understandable if the shipment came and they said the product was contaminated or substandard, or even got caught up in the exchange rate somersault and he, therefore, sold at a loss. I can understand all that. What I can’t understand is this idea of the entire consignment disappearing into thin air”. Producing document after document on the details of the transaction that allegedly saw him borrowing money for Capital Oil and how the entire transaction was properly structured from the onset, Maduka lamented: What this means is that I am losing N21 billion and somebody says I should keep quite! I will get my money, even if it is the last thing I do. I am ready to die doing just that”.


http://sunnewsonline.com/new/cover/capital-oil-crisis-my-case-against-ifeanyi-ubah-by-coscharis-boss/




LAUDATE I CAN SEE THAT YOU ARE OUT OF DATE PLEASE VISIT THE SAME NEWS LINK YOU POSTED AND READ WHAT PEOPLES OPINION ARE IN RESPECT TO THE DEBT ACCUSATION

^
if you believe this world cup illiterate has a shot at governing Anambra you should also believe am currently richer than Bill Gates.

FreeGlobe: ^
if you believe this world cup illiterate has a shot at governing Anambra you should also believe am currently richer than Bill Gates.

my dear its not how far but its how well you may call him a world cup illiterate you own your mouth but the closer you come to the pot the better part of the aroma you perceive so support ifeanyi ubah for a brighter and better anambra cum 2013

gymnasium:

my dear its not how far but its how well you may call him a world cup illiterate you own your mouth but the closer you come to the pot the better part of the aroma you perceive so support ifeanyi ubah for a brighter and better anambra cum 2013

lol any that thinks sending youth to watch a useless word cup is not fit to be sighted 1000 yards near any govt house.

He go change dis tin price?

owolabifunke14: He go change dis tin price?

my broda not just changing the prices of the items u have on your post but making it available and surplus imagine a man paying over 10,000 workers apart from his campaign promises,guy its better you support him and give power to the youth

gymnasium:

my broda not just changing the prices of the items u have on your post but making it available and surplus imagine a man paying over 10,000 workers apart from his campaign promises,guy its better you support him and give power to the youth

Am not a guy and am not in ur state. I just wan run mouth for d thread small. Anyway,who know weda u go marry me come tek me to anambra lol

owolabifunke14: Am not a guy and am not in ur state. I just wan run mouth for d thread small. Anyway,who know weda u go marry me come tek me to anambra lol

my dear you for tell me say you dey find husband niii no vex na about ifeanyi ubah we talk here se oti gbo

Abeg how much this man they share and can i have description to his house, I need to chop my own ooo. Anambra here i come.

gymnasium:

LAUDATE I CAN SEE THAT YOU ARE OUT OF DATE PLEASE VISIT THE SAME NEWS LINK YOU POSTED AND READ WHAT PEOPLES OPINION ARE IN RESPECT TO THE DEBT ACCUSATION

So have those people helped him pay back the money he has been owing Cosmas Maduka, the owner of Coscharis? Please confirm.

I promise to mobilise my all-important vote for "Dr." Ubah if I receive assurances that my name would be included in the golden list of Anambra youths to be sponsored to Brazil next year for the World Cup.

I see someone has been dreaming about a summer world cup trip to Brazil.

*Next thread*