Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days - Politics (4) - Nairaland
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| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by clip: 8:10pm On Jan 19, 2012 |
I will be happy if they published the cheque he issued to pay the debt. He should be Sentenced to life imprisonment for using our money to celebrate Birthday party, collect award and chieftancy title.Thief not Chief Uba |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Nobody: 8:17pm On Jan 19, 2012 |
klas: The highlighted portion of your text is correct up to the point that AMCON lacks prosecutorial powers of its own. It however does not address what happens when the debtor approaches AMCON directly or simply decides not to honour any agreement reached. PB News is synonymous with sensationalist headlines, but is it conceivable that a thorough examination of financial records for a company with non-performing loans may throw up caveats such as the dividends of fuel (kerosene) subsidy? In a meeting with banks December last year, the Chief Executive of AMCOM, Mr. Mustafa Chike-Obi Mustapha had said the company will discourage debtors from coming directly to it. “We would make them know that it is safer for them to deal with their banks than coming to us directly” |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by kizito96(m): 8:17pm On Jan 19, 2012 |
The President should put his feet on ground to gain public confidence |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Upright750: 8:21pm On Jan 19, 2012 |
fools. now you guys has started talking rubbish. When Mr president wanted to remove the subsidy because he saw what was happening there and if not removing the damn subsidy the cabal will continue eating us up. some your was protesting at ojota some even want to sleep there because those subsidy criminals bought them off with food and drink some little money. some people said is because of their protest. i will never forget that you idiots protest to keep the subsidy means to let them keep scamming us. why cant you people at least give Mr president enough gbosa for up. he has started doing what he promise. he said he will fight present corruption not past corruption . Take note. He has just started from some where that i believe is the right place at the right time. |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Nobody: 8:37pm On Jan 19, 2012 |
U r d 3rd sensible person dat has addressed d issue in question & also figured out d fallacy associated with it, unfortunately d topic is too complex 4d comprehension of 99% of peeps here going by their coments. Thank God there r still sane minds here that can make informative coments and also spot out the mischief. Nice one bro. Uba eGuerrilla : Quote from: klas on Today at 07:02:56 PM This news is not correct. AMCONcan only ask a debtor to pay up the bad loans it has taken over. In this case, it can only ask Capital oil to pay the N5b bad loan. Nothing concern amcon about how much he made fromkerosene subsidy. It is not even in a position to know. BTW, is it not capital oil that has been doing the mobile kero salethat ministers, governors, and LG chairmen have been gleefullylaunching all over the places? I hope this news is not planted by his biz competitor who bidded for the mobile kero sale with him and lost. (it was in the news back then) In all, I am not saying capital oil is not involved in subsidy saga but if this news relate to amcon,then it cannot be about kero fraud. The highlighted portion of your text is correct up to the point that AMCON lacks prosecutorial powers of its own. It however does not address what happens when the debtorapproaches AMCON directly or simply decides not to honour any agreement reached. PB News is synonymous with sensationalist headlines, but is itconceivable that a thorough examination of financial recordsfor a company with non-performing loans may throw up caveats such as the dividends of fuel (kerosene) subsidy? Quote In a meeting with banks December last year, the Chief Executive of AMCOM, Mr. MustafaChike-Obi Mustapha had said the company will discourage debtors from coming directly to it. “We would make them know that it is safer for them to deal with their banks than coming tous directly” But some smart debtors have discovered that while it may be riskier to deal with AMCON, It is offers more relief. “The can have their loans restructure andrepayment scheduled over a long period than if they deal with their banks’, a top industrysource who pleaded anonymity told Vanguard. Upon this discovery, debtors who have the capability to repay their debt or who had been cooperating with the banks in their debt recovery efforts have suddenly developedcold feet. And in response to this Chike-Obi, in media report last week said the company would severely penalise any bank debtor that is discovered to be working to subvert the good intensions of the Corporation. “Debtors won’t getbetter terms when AMCON restructures there loans”, adding that the Corporation would rather deal harshly with them |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by juman(m): 8:39pm On Jan 19, 2012 |
Nigeria will break. Sure. |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by laCapri: 8:40pm On Jan 19, 2012 |
Upright750: |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by gokuu(m): 8:43pm On Jan 19, 2012 |
Yes o, they must all start to refund us, after which they will be thrown in jail. |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by gokuu(m): 8:44pm On Jan 19, 2012 |
Yes o, they must all start to refund us, after which they will be thrown in jail. |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by emmydee(m): 8:49pm On Jan 19, 2012 |
@honerico01 shey dem share d money reach us? |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by aljharem(m): 8:52pm On Jan 19, 2012 |
Upright750: la Capri: sorry but you two have made no sense here let me give u an analogy of a Nler [size=14pt]if a bully[i](cabals)[/i] is taking school lunch (subsidy) from your son (common man) in school (Nigeria), want would you do maybe according to your logic, you would stop giving your son school launch because you do not want the bully's feeding to be subsided or you would address the matter and not the food[/size] |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Nobody: 8:58pm On Jan 19, 2012 |
He probably outsmarted some people (cabal members) and he is now the scapegoat  |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Nobody: 9:00pm On Jan 19, 2012 |
alj harem: That's an excellent analogy. Unfortunately, the quality of thinking has been on a steady decline in this country for a long time. It's evident here on NL as well as in places like Aso Rock and environs. Too many people running around with mental 'half-current' or total mental black-outs. . .how can they see reason? It's dark 'up there'. |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Obiagu1(m): 9:01pm On Jan 19, 2012 |
1) Oando Nigeria Plc (N228.506 billion) WALE TINUBU 2) MRS (N224.818 billion) SAYYU DANTATA 3) Folawiyo Oil (N113.3 billion) TUNDE FOLAWIYO 4) AP (N104.5 billion) FEMI OTEDOLA 5) Obat (N85 billion) OBA OBATERU AKINRUNTAN, THE OLUGBO of UGBO KINGDOM. 6) Atio Oil (N64.4billion) WHO? 7) Con Oil (N37.96 billion) MIKE ADENUGA 8- Integrated Oil and Gas Plc (N30 billion) WHO? 9) ACON (N24.1 billion) WHO? 10) Capital Oil (N22.4 billion) IFEANYI UBAH 11) Enak Oil & Gas (N19.684 billion) WHO? 12) Emac Oil (N19.2 billion) WHO? 13) D.Jones Oil (N14.8 billion) WHO? 14) Honey Well (N12.2 billion) OBA OTUDEKO 15) AMP (N11.4 billion) WHO? 16) IPMAN Investment Limited (N10.9 billion) WHO? 17) Bovas & Co. Nig Ltd (N5.685 billion) WHO? |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by aljharem(m): 9:06pm On Jan 19, 2012 |
pro01: people are really funny in this country you know. Very funny people I can tell you for a fact that MAJORITY OF them that support the removal at this time did it because of bigotry and thus they cannot justify what they support. Was it not the same BEAF, Obiagu etc that were calculating to me how the money jumped up from 650 billion to 1.3 trillion that everything is right Now the government found out over 600 billion naira was awoof money paid by the government and let me remind you that 600 billion did not reach this cabals o. indeed funny people |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by member479760: 9:54pm On Jan 19, 2012 |
After 51 years this country can not still produce kerosene - this shameful! |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Nobody: 10:44pm On Jan 19, 2012 |
I'd like it better if FG orders segun oni to refund Ekiti money he stole during his term. Ole. . . . . this PDP cabals and their biasses. |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Alfred200825(m): 11:20pm On Jan 19, 2012 |
        Breeze don dey blow fowl N.Y.A.N.S.H don dey open |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Nchara: 11:23pm On Jan 19, 2012 |
Ubah himself also will expose the others. Unless he is a mugu which his photo does not indicate he is. |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Nobody: 11:39pm On Jan 19, 2012 |
1) Oando Nigeria Plc (N228.506 billion) WALE TINUBU 2) MRS (N224.818 billion) SAYYU DANTATA 3) Folawiyo Oil (N113.3 billion) TUNDE FOLAWIYO 4) AP (N104.5 billion) FEMI OTEDOLA 5) Obat (N85 billion) OBA OBATERU AKINRUNTAN, THE OLUGBO of UGBO KINGDOM. 6) Atio Oil (N64.4billion) WHO? 7) Con Oil (N37.96 billion) MIKE ADENUGA 8- Integrated Oil and Gas Plc (N30 billion) WHO? 9) ACON (N24.1 billion) WHO? 10) Capital Oil (N22.4 billion) IFEANYI UBAH let them start from the top 5 to prosecute the sun should shine on those standing up first before those sitting down i wonder why they jumped to the 10th guy while leaving the whole of others |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Nobody: 11:41pm On Jan 19, 2012 |
i strongly suspect peter obi and his leprous hands jonathan cannot jump down to uba without peter obi's support that woman governor will be impeached soon |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Nobody: 11:42pm On Jan 19, 2012 |
@re@lchange Stop speaking that way. Let the exposé begin and it will definitely affect those at the top! |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Nobody: 11:43pm On Jan 19, 2012 |
all4naija: how can you start from the middle? you didn't even start from the bottom this is clear case of witchhunt |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Nobody: 11:44pm On Jan 19, 2012 |
here's the list again 1) Oando Nigeria Plc (N228.506 billion) WALE TINUBU 2) MRS (N224.818 billion) SAYYU DANTATA 3) Folawiyo Oil (N113.3 billion) TUNDE FOLAWIYO 4) AP (N104.5 billion) FEMI OTEDOLA 5) Obat (N85 billion) OBA OBATERU AKINRUNTAN, THE OLUGBO of UGBO KINGDOM. 6) Atio Oil (N64.4billion) WHO? 7) Con Oil (N37.96 billion) MIKE ADENUGA 8- Integrated Oil and Gas Plc (N30 billion) WHO? 9) ACON (N24.1 billion) WHO? 10) Capital Oil (N22.4 billion) IFEANYI UBAH 11) Enak Oil & Gas (N19.684 billion) WHO? 12) Emac Oil (N19.2 billion) WHO? 13) D.Jones Oil (N14.8 billion) WHO? 14) Honey Well (N12.2 billion) OBA OTUDEKO 15) AMP (N11.4 billion) WHO? 16) IPMAN Investment Limited (N10.9 billion) WHO? 17) Bovas & Co. Nig Ltd (N5.685 billion) WHO? |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Nobody: 11:45pm On Jan 19, 2012 |
peter obi vs ifeanyi uba anambra gubernatorial civil war inside apga shame on peter obi! |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Nobody: 12:08am On Jan 20, 2012 |
re@lchange:The witches will confess the others, if I was to go by your imaginative term, witch-hunt. |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by redcliff: 12:12am On Jan 20, 2012 |
Hmnm capital oil, This man must be a thief. If u see his mansion @ omole phase 2, u would cry because in your 10th life time combined, u might not have up to half of the money spent on that property. *its wicked* |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Nobody: 12:24am On Jan 20, 2012 |
this is an email going round now i suspect it prompted this action IFEANYI UBAH SET TO FIGHT GOV. PETER OBI Today, it is no longer a secret that the Anambra Oil magnet, Chief Ifeanyi Ubah is set to replace Gov. Peter Obi as the Governor of Anambra State. He has been telling his friends that he was ready to spend whatever it will take to achieve his ambition for which he had set aside the initial N20, 000,000,000 Billion and he is working seriously towards that. To get the support of the people, he has floated a foundation through which he is supporting the poor, building churches, subsidising kerosene, helping the widow and all manner of philanthropy. Chief Austine Ndigwe, (Uzu Awka and Ozo Gidigbam Gidigbam) his right hand man said that Ubah had already secured the support of Rochas Okorocha, whom he made the Governor Single handedly. He said that the Oil magnet is unhappy that his own Governor is not supporting him, but he said they had a good weapon they would use against him if every effort to get his support failed. Uba has the support of the following, who are also on his monthly pay roll for the project: a. Chief Victor Umeh (APGA National Chairman) N10,000,000 b. Chief Austine Ndigwe, Uzu Awka N10,000,000 c. Mr. Alfred Nwosu N5,000,000 Others he feels that may be in a position to help are also on his pay roll, including some vociferous clergy men of all denominations. NOW THE WAR Uzu Awka said Ubah confided in them how Obi would kneel down and beg him at the appropriate time. How he paid N25, 000,000 (Twenty-Five Million Naira) to the former Lagos State Commissioner for Police, Mr. Marvel Apkoyibo to set Obi up. Do you still remember the $250,000,000 (Two hundred and Fifty Million Dollars) and N250, 000,000 (Two hundred and Fifty Million Naira) his people were apprehended with while transporting it from Awka to Lagos. Uzu Awka said that Obi did not know that the ADC in question, was the one Ubah used to do dirty deeds in Lagos and that it was Ubah who planned for him to be sent to Anambra as Obi’s ADC. “The man think he is clever not knowing that Anyi had already paid his former ADC, N3, 000,000 (three Million Naira) for him and his boys to spy at his every move and he succeeded.” he said. What will Obi Need him for? According to Uzu Awka, Ubah informed him that Akpayibo had already given him the entire video of the $250,000,000 (Two Hundred and Fifty Million Dollars) and N250,000,000 (Two Hundred And Fifty Million Naira) episode containing: a. When the money, local and foreign currencies, were loaded in Awka b. When the money was being of-loaded in Lagos c. Where Governor Obi was kneeling down and begging the Police Commissioner to only disclose the Naira component and allow him keep the $250, 000,000 Dollars, (Two Hundred and Fifty Million Dollars), which he agreed after he was given $10,000,000 (Ten Million Dollars) out of it. Uzu Awka boosted that the tape is with Governor Rochas Okorocha, himself, victor Umeh and Alfred Nwosu. Uzu Awka further revealed that they had got the Accountant General of Anambra State, who confirmed that Gov. Obi has one of the cheque books of Anambra State Government in his possession , which he uses to withdraw the money he changes into dollars. He said they also heard how Obi withdrew the sum of 5, 000, 000 Pounds (Five Million Pounds) he said was for the payment of Ojukwu’s hospital Bill, When the actual bill was just 500,000 Pounds (Five Hundred Thousand Pounds). Ubah, according to Uzu Awka, has documentary evidence of all the properties Obi bought in different parts of the world. He went on to name some: a. Block of flat at Dubai bought for $10,000,000 (Ten Million Dollars) b. Block of flats at Singapore bought at $12, 500,000 (Twelve Million, Five Hundred Thousand Dollars) c. A detached building at Atlanta, Georgia at $6,500,000 (Six Million, Five Hundred Thousand Dollars) d. A flat at Manhattan, New York, $8, 250,000 (Eight Million, Two Hundred and Fifty Thousand Dollars) e. A Holiday Resort at Bahamas for which he paid $4, 500, 000 (Four Million Five Hundred Thousand Dollars) Uzu Awka said the moment Obi knew that Ubah has a lot on him, he quickly visited him in his Abuja home knelt down and begged him not to expose him. Ubah, Uzu Awka said further, was particularly angry that Obi, in spite of his hands of friendship, is bent on handing over to a known drug courier. Ubah’s Plans Uzu Awka revealed how Ubah had concluded arrangement working with the Presidency and EFCC of how Obi’s immunity would be waived for his arrest if he does not support Ubah. He also talked about the arrest of his wife and Commissioners by the EFCC. Uzu Awka talked of how they got Obi’s Commissioner for Finance, Eze Echesi to support them, because he had been promised that he would be retained and made the coordinating Commissioner for the Economy of Anambra State. Anambra’s version of Nigeria’s Okonjo Iweala. He said he had been quite helpful, giving then photocopies of sensitive documents that they will use ti nail Obi’ As for the SSG, who wants to be the Governor, Uzu Awka said the poor man saw the force Ubah was coming with and had already agree to serve as his Deputy instead. Though the man is old, he said it would be strategic to use him and placate his people who were promised to produce the next Governor. Johnson Eze |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Nobody: 12:26am On Jan 20, 2012 |
so, clearly jonathan is fighting obi's war for him no wonder why peter obi is keeping quiet while igbos are dying in the north he is jonathan's boy, for obvious reasons he is afraid of being exposed by uba |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Detongue: 12:57am On Jan 20, 2012 |
Dis man stole #60billion for crying out loud, and he is asked to refund #5billion. Wer is d balance #55b? Who is suppose to refund it or is our intellegence been insulted |
| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by smarttalks: 12:58am On Jan 20, 2012 |
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| Re: Subsidy Fraud: Ifeanyi Uba (Capital Oil) Must Repay N5 Billion Within 60 Days by Ndata(m): 2:31am On Jan 20, 2012 |
Having painstakinly gone through the posts here,i have realized that Nigerians did not know the reason they were protesting in the first place.Ifeanyi Uba and other companies listed as beneficiaries of fuel subsidy had done nothing wrong.Infact Nigerians were protesting in their favour.Nigerians were protesting that government continues to pay them these billions so that the public can buy fuel at 65 naira.AMCON only asked Mr Uba to pay 5billion loan he took from them within 60days thats all.Also all the above listed company that benefitted from the subsidy is not going to refund a dime,unless its established the money paid them were inflated. |
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