The Managing Director of Capital Oil and Gas Limited, Dr. Ifeanyi Ubah has been released from DSS’s detention.

The Department of State Services released him unconditionally after a “No Case” was established.

The department has taken time to thoroughly investigate the oil mogul rift with the NNPC over his alleged connection with a claimed theft of petrol kept in his tank farm in Lagos by the Nigerian National Petroleum Corporation. 

According to NNPC, the product is valued at over N11 billion, making the DSS to describe Ubah’s action as economic sabotage.

A statement by its spokesman, Tony Opuiyo had said further that Ubah was also arrested because he further engaged in other activities inimical to national security and public order.