politics

Ifeanyi Ubah Fights Back, Says NNPC Owes Capital Oil N16b

The Chairman of Capital Oil, Mr Ifeanyi Ubah, on Thursday disputed claims that he was owing Nigerian National Petroleum Corporation (NNPC) N11 billion.

Ubah made the disclosure at the on-going public hearing organised by the House of Representatives Committee on Petroleum Downstream.

The committee is investigating the alleged disappearance of 82 million metric litres of petrol belonging to NNPC that was stored at Capital Oil tank farm in Lagos.

Ubah said that instead the national oil corporation was owing him N16 billion.