management of Ifeanyi Uba's Capital Oil and Gas Industries.
The Head of Corporate Communications,AMCON, Mr. Kayode Lambo, said in
a signed advertorial on Wednesday that the takeover became necessary
after AMCON acquired Capital Oil
and Gas' outstanding facilities from various banks.
The corporation said, "Following
discussions with COG, a resolution was reached, which was subsequently
adopted as terms of settlement in suit number FHC/
ABJ/CS/714/2012 at the Federal High Court. One of the key conditions
of this settlement is that AMCON takes over executive management of
the COG for a
period of two years.
"Dr. Patrick Ifeanyi Ubah, the erstwhile Managing Director/Chief
Executive Officer, has consequently relinquished his role as head of
the organisation. In the interim,AMCON has appointed an acting
managing director to ensure accountability and continuity of
operations."
AMCON had shut the premises of Capital Oil and Gas in 2012 following
an Abuja Federal High Court ruling that the agency should take over
the company's properties and assets over an alleged N48.014bn debt.
(The Punch)
Nawa oooo that is what goes along with missapriopration and embezzlement of public fund. I wish this will serve as an eye opener to other public office holders who have imbibed the culture of diverting public funds into their private pockets and accounts.
ReplyDeleteDimkpa prosper or wateva u call ur sef,if u dont no wat to say u shut ur dirty mouth up,do u tink its easy to stand up to dis level he is,dey der dey dull ur mumu lyf
ReplyDeleteDimkpa prosper u come here to preach like u are a saint. You only try to convince people who don't know you. You greedy local bitch whose life is filled wit village sense. You beta shut ur mouth or I tell d world wat u are ur partner in crime Buka Ray do. After d greedy Hilary, u and Buka Ray in line, then comes d greedy witch who sayz she's d VP. Don't even go there or u provoke d animal in me. I will so open ur secrets and u will be shocked at d invitation u will receive from d VC. So if u don't want to get a call from the VC, then shut ur mouth u goof dirty SUG official.
ReplyDeleteThe person that got eyes on all SUG official and that is callin them all sorts of names, why are u anonymous? Come out with your name so that we will know who has this type grudge towards the SUG. I BELIEVE U'RE NOT AFRAID.
ReplyDeleteSsssssshhhhhhhiiiiiii . U can't even tell a treasurer from a PRO . OKWA NKE ONYE MA KA O NA AKO
ReplyDeleteAnd pls dnt change d topic we are still talkin abt Capital Oil nd his demise, abi im be Ur uncle? ?
ReplyDeletepls make una pity prosper dimkpa...
ReplyDelete