WHY DID JONATHAN RETURNED CAPITAL OIL TO UBA.

The Truth is no where stranger than fiction. There
is a long trail of misappropriation behavior from
the Top to the Bottom. Ifeanyi UBA, just like
Alhaji Abdulrasheed Maina, Otumba Gbenga
Daniels, Bode George, Umaru Dikko, Ibrahim
Babangida, Femi Otedola, have proven that the
more corrupt you are the more rewarding this
enterprise called Nigeria becomes
When you have sacrificed your sense of
patriotism and conscience to feed the every
growing OAK tree of corruption, you become a
sacred cow, too sensitive to kill and yet too ugly
to look at.

Nigeria: Jubilation As AMCON Returns Ownership
of Capital Oil to Ubah

By Chuks Collins

Awka — It was all wild jubilation and excitement
all over major cities of Anambra State yesterday
when news of the return of the oil giant-Capital
Oil Group to its owner and proprietor, Dr. Patrick
Ifeanyi Ubah, was broken.
According to information made available to
journalists in Awka, the Assets Management
Corporation of Nigeria (AMCON) has formally
announced the return and restoration of all rights,
privileges, management and ownership of the oil
company to Ubah with immediate effect.
A statement by Chairman of AMCON, Alhaji Aliyu
Kola Belgore and signed by the group's Head of
Communications, Strategy and Research, Kayode
Lambo, said the positive development was sequel
to "amicable settlement of all pending legal
disputes between the parties."
The statement said: "Consequent upon this
settlement, Chief Patrick Ifeanyi Ubah will be
resuming his role as the Managing Director /Chief
Executive Officer of Capital Oil and Gas Group.
"His resumption as the MD/CEO of Capital Oil/
Gas brings to an end the management of Capital
Oil/Gas by AMCON..."
While a call to Ubah was answered by one of his
aides who declined comments but politely said
that his boss was in a "crucial management
meeting" in Abuja, telephone calls to both Belgore
and Lambo rang out without any response.
In a reaction over the development, a political
icon in Anambra, Mr. Maduka Okoye, who spoke
with journalists in Awka, described it as a
welcome development, saying that no one can
manage a project that emanated from years of
sweat, hardwork and systematic planning better
than the owner/ visioner.
He pointed out that the latest move by AMCON
will allow the Capital Oil and Gas group get better
attention and positioned to take its pride of place
in the down stream sector of the industry.
Okoye said that thousands of individuals who
were relieved of their jobs because of the face-off
can now heave a big sigh of relief because of the
renewed hope of getting recalled back to the oil
company.
Also, an Onitsha-based businesswoman, Mrs.
Edith Anukwu, urged all parties to crises to
maintain a cordial relationship after a peaceful
and permanent resolution of all the pending
issues in the true spirit of patriotism and
brotherliness so that the giant oil company will
not be made to suffer again.
The young business contractor commended Ubah
who she described as a personification of a
useful industry who has become a mighty Iroko
tree that provides shades to many.
She said: "All the good people of Nigeria,
particularly the youths, are very happy for this
development because we fully appreciate the net
effect of the empowerment of a single individual
on his immediate and extended family as well as
the entire society. It is our hope and prayer that
this peace initiative would be allowed to see the
light of the day. We are indeed very happy and
words will not be enough to express our
happiness." Anukwu enthused.
An Okada rider said he was personally happy
because he now looks forward to the usual free
petrol all Capital Oil sales outlets supply to
commuter okada riders and buses.
An executive of the Independent Petroleum
Marketers Association of Nigeria (IPMAN), Chief
Adeyemo Ojo, told journalists in Awka that it has
restored the trust his organisation has in the
Federal Government and her agencies as agents
of positive development.
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