The Department of State Services, DSS, has said the offence committed by Ifeanyi Ubah, Chief Executive Officer of Capital Oil and Gas Ltd, is punishable by death.
The secret police had arrested Ubah for allegedly diverting about 80 million litres of Premium Motor Spirit (commonly called petrol), kept in his custody by the Nigerian National Petroleum Corporation.
The DSS said Ubah’s action amounted to economic sabotage which could lead to scarcity of PMS.
Justice Yusuf Halilu had granted the order to the DSS on May 10, 2017 allowing the agency to keep the suspect in custody for 14 days pending the completion of an ongoing criminal investigation against him.
DSS’s lawyer, G. Agbadua on Tuesday said, “The respondent refused to return the PMS to NNPC after repeated demands. The PMS is worth over N11bn. The action of the respondent is affecting the distribution of petroleum products to the populace.
