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| IFEANYI UBA |
The Managing Director of Capital Oil and Gas, Ifeanyi Uba on Monday accused the Coordinating Minister of the Economy and Minister of Finance, Ngozi Okonjo-Iweala of using her position to engage in local politics.
Uba said this while speaking as a guest on Channels Television’s programme, Sunrise Daily. He was responding to the inclusion of his company in the list of oil subsidy defaulters.
He said the Minister had assumed the position of a god, adding that her attitude was unbecoming of a high ranking office holder.
“She’s playing Anambra state politics with her job and reputation. She is assuming to be god; but she’s not god,” he said.
Uba also denied claims of offer of a lifeline by the Chief Executive Officer of Cosharis Group, Cosmos Maduka.
Mr Maduka had in an interview claimed that when Uba’s company, Capital Oil and Gas was labelled by most commercial banks in Nigeria as “unbankable”, he helped the oil merchant to obtain a loan of $180 million from Access Bank to finance the importation of Premium Motor Spirit (PMS).
Maduka also alleged that 10 letters of credit were opened and that of the 10 expected cargoes, only six were delivered.
But in responding to the claims, Uba asked rhetorically: “Is it by his pure water business that he’ll be able to come and help me. Everything he (Maduka) said about that story is false.”
On the question of his alleged debt to Access Bank to the tune of N21 billion, Mr Uba said “you can’t eat your cake and have it.”
“The loan from the bank was what we used to import petrol and we are yet to receive subsidy payment. The money is sitting in Access Bank.”
“Access Bank is the consignee of all the vessels imported. Therefore,if they are accusing me of fraud, then it is all of us together,” he added.
SOURCE: DailyPost
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