Tag: UBAH

  • No regret supporting Jonathan, says Ubah

    No regret supporting Jonathan, says Ubah

    Businessman and politician Dr.Ifeanyi Ubah yesterday reflected on the activities of the Transformation Ambassadors of Nigeria (TAN) during the last election, saying that he has no regret supporting former President Goodluck Jonathan.

    He also rejected the popular view that TAN is a tool of propaganda, stressing that the group only showcased the achievements of the former President before Nigerians.

    Ubah, the Chairman of Capital Oil and gas Limited, also dismissed insinuations that the Economic and Financial Crimes Commission (EFCC) is hunting him, following the arrest in London of former Petroleum Minister Mrs. Diezani Aloson-Madueke, for alleged financial crimes.

    He told reporters in Lagos that, during the Jonathan administration, he neither received oil bloc nor sought government contracts.

    Ubah also said the allegation that the Nigerian national Petroleum Corporation (NNPC) was used to siphon crude oil totally N1.2 trillion through Capital Oil and Gas Limited to fund Dr. Jonathan’s campaign was spurious and falacious. He said the falsehood was concocted to rope him and TAN.

    He said: “Some fifth columnists are using the current political climate and the anti-corruption war by the Federal Government to blackmail their real and inaginary enemies to score cheap political gains. This invidious war of attrition is inadvertently being promoted in the media by idle and jobless psychopaths who see blackmail as their only means of retaining economic and political relevance. I have no skeleton in my cupboard. The idea of fabricating allegations against a law abiding citizen without facts and substance can erode the confidence of the public reposed in the media.

    Reflecting on the activities of TAN, Ubah said: “TAN is a non-governmental organisation that elevated political discourse and activities in Nigeria to another level. No money from government was used in running TAN activities. But, those who are intimidated by the achievement of the public advocacy group have been trying to drag it into an unnecessary controversy.”

    The former Labour Party (LP) governorship candidate in Anambra State also said that the election taught him a bitter lesson, which made him to return to his business.

    He said: “After losing the governorship election, I declined to contest for the Senate. I did’t come second. I was given a third position. But, I have since returned to my business.”

     

  • Ubah begs Dangote to invest in Nigerian league

    Ubah begs Dangote to invest in Nigerian league

    Business mogul and Chairman Capital Oil, Dr Patrick Ifeanyi Ubah has called on well meaning Nigerians like business mongul Aliko Dangote to rally round Nigerian leagues and help turn Nigerian football around.

    Ubah who is the owner of FC Ifeanyi Ubah, one of the clubs currently in the Nigeria Professional Football League (NPFL), particularly expressed confidence that Dangote would rather pluck his resources into the country’s round leather game.

    Speaking shortly after he was honored as the Patron of Nigerian Nationwide League (NNWL) yesterday in Abuja, the oil magnate hinted that sports development in any part of the world cannot be left solely in the hands of government.

    He also promised that with concerted effort NNWL would witness greater turnaround.

    “One, it’s about youth development, it’s about enterprise, and it’s about creating awareness in the youth in the world. And I believe with the rebranding of the Nigeria Football Federation, I am sure that we would have a lot of smiles at the end of the day,” he said.

    “We need to do more for our fatherland. This is a way to go,” he added

    Former Super Eagles stars Daniel Amokachi, Garba Lawal and Patrick Pascal were unveiled as NNWL ambassadors.

    In their separate remarks, NNWL Chairman Alhaji Ahmed Kawu and his LMC counterpart, Shehu Dikko said the future of Nigerian football was bright adding that the 165 clubs in NNWL would continue to receive adequate support.

  • Ubah to Fed Govt: remove fuel subsidy

    •Says oil marketers must be probed

    The Managing Director of Capital Oil, Mr. Ifeanyi Ubah, has called on President  Muhammadu Buhari to remove fuel subsidy and probe the marketers responsible for the shutdown that culminated in the biting fuel scarcity that is just easing.

    Speaking with journalists in Abuja at the weekend, Ubah wondered why the Federal Government should  keep paying subsidy while  the citizens are not benefiting from the scheme.

    He asked the President to deregulate the oil and gas sector, noting that the deregulation would bring down fuel price drastically.

    His words:  “I urge President Buhari to take a bold step and deregulate the oil sector. He is not a stranger to the sector, having being a former minister of Petroleum.

    “He will be respected for taking the step. There’s no point paying subsidy when Nigerians are not benefiting from  it. The president will be doing the right thing if he deregulated the sector  so that the product will be sold at cheaper rate in the future.”

    Insisting that deregulation will bring down corruption, Ubah said it was unfortunate that the citizenry never bought the idea from former President Goodluck Jonathan.

    Ubah, who confirmed that the Federal Government owes petroleum marketers, said they did not properly handle their agitation for the payment.

    He said: “If marketers’ action is not investigated and controlled, there may be a repeat of a similar energy crisis in the country”.

    He added: “Indeed the marketers are being owed large sums of money and I am one of those being owed. But I believe that dialogue should have been the choice of the marketers, especially considering the state of the nation.

    “It was unprecedented in the country for oil marketers to go on strike for up to four days and what I expected was a warning strike before a total shutdown.

    “It was unpatriotic for them to shut down the country. If this is not properly investigated, there could be a repeat of such action. Marketers should know that they are not labour unions. There was an agreement with government to pay them gradually. But they disregarded the agreement and unpatriotically threw the country into crisis.”

    Ubah sid he pulled out of the oil marketers’ strike because his company was not consulted before the marketers decided to shut down operations.

    He said: “My facilities store products for the Pipelines and Petroleum Marketing Company (PPMC), an arm of the Nigerian National Petroleum Corporation (NNPC), which means such products belong to the Federal Government.

    “For a facility like ours, we should be considered before taking this position. What if people storing product in our facilities sue us? They have the right to take their products. What if PPMC sue us or cancel our contract? We need to ask these questions,” the Capital Oil boss said.

    Ubah said he decided to resume fuel supply because he could not bear the horror of the citizens dying in hospitals and banks shutting down, and consequently, putting the masses in hardship.

  • Ubah weeps over Jonathan’s loss

    Ubah weeps over Jonathan’s loss

    A drama played out at the Presidential Villa in Abuja yesterday during the presentation of the report of the elections to President Goodluck Jonathan by the Peoples Democratic Party Campaign Council.

    A member of the council and Chief Executive Officer of Transformation Ambassadors of Nigeria (TAN), Chief Ifeanyi Ubah, gripped by emotion, suddenly burst into tears shortly after the president’s speech.

    Dr Jonathan reacted to the campaign Director General Dr. Ahmadu Ali’s address.

    The CEO of Capital Oil wept and was sweating profusely inside the air-conditioned Banquet Hall of the Presidential Villa, where the ceremony took place.

    TAN was a major financier of the PDP’s election campaign.

    Party chiefs took turns to console him before he was taken out of the hall.

  • Ubah provides aid for the physically-challenged

    Ubah provides aid for the physically-challenged

    The Chairman of Capital Oil and Gas, Mr. Ifeanyi Ubah has presented  no fewer than 800 mobility aids to physically challenged persons in Anambra State .

    The aids were presented at the Finotel Hotels in Awka under the aegis of the Association for Comprehensive Empowerment of Nigerians with Disability (ASCEND).

    The aids that included 50 American-built customised tricycles, wheelchairs, guide chains, Braille wristwatches, computers for the blind, telephones for the deaf and other assorted aids.

    The candidate of the Labour Party during the November 16, governorship election in Anambra promised them the items a few weeks ago.

    Making the presentation to the the physically challenged with his campaign team, Ubah said he shared their challenges and pains.

    He said the gesture would be a continuous project in order to improve their lives, those of their families and to strive to enthrone people-oriented government with human feelings in the state whenever opportunity presents itself.

    Ubah maintained that the materials were just the phase two of the programme, adding that he had passion for the less- privileged, the physically-challenged inclusive, especially any time he saw them happy.

    The national president of the group, Dr Cosmos Okoli described Ubah as the friend of the down-trodden, real masses in the society, needy and the neglected.

    He lamented other challenges facing them including employment discrimination even for qualified members, inaccessibility of the society, lack of accessibility to public and private buildings, mobility restrictions, and societal discriminations.

  • Ubah provides aid for the physically-challenged

    Ubah provides aid for the physically-challenged

    The Chairman of Capital Oil and Gas, Mr. Ifeanyi Ubah has presented  no fewer than 800 mobility aids to physically challenged persons in Anambra State .

    The aids were presented at the Finotel Hotels in Awka under the aegis of the Association for Comprehensive Empowerment of Nigerians with Disability (ASCEND).

    The aids that included 50 American-built customised tricycles, wheelchairs, guide chains, Braille wristwatches, computers for the blind, telephones for the deaf and other assorted aids.

    The candidate of the Labour Party during the November 16, governorship election in Anambra promised them the items a few weeks ago.

    Making the presentation to the the physically challenged with his campaign team, Ubah said he shared their challenges and pains.

    He said the gesture would be a continuous project in order to improve their lives, those of their families and to strive to enthrone people-oriented government with human feelings in the state whenever opportunity presents itself.

    Ubah maintained that the materials were just the phase two of the programme, adding that he had passion for the less- privileged, the physically-challenged inclusive, especially any time he saw them happy.

    The national president of the group, Dr Cosmos Okoli described Ubah as the friend of the down-trodden, real masses in the society, needy and the neglected.

    He lamented other challenges facing them including employment discrimination even for qualified members, inaccessibility of the society, lack of accessibility to public and private buildings, mobility restrictions, and societal discriminations.

     

  • Ubah harps on food security in Anambra

    Ubah harps on food security in Anambra

    Three chieftains of Labour Party in Anambra State have emphasised the issue of food security and the challenges of boosting the agricultural potential of the state, describing them as vital and basic issues in determining who should be voted in as the next governor of the state in this week’s election.

    According to them, the Labour Party’s governorship candidate, Mr Ifeanyi Ubah, has demonstrated so much passion and commitment to focus in these areas if voted in as governor.

    “Ifeanyi Ubah’s vision in this very context, is wrapped up in his burning desire to revitalise agriculture and equally pursue a vigorous and robust policy of sustainable food production and environmental preservation,” said Mazi Chimere Akaneje.

    “The twin pillars of Ubah’s vision,” according to him, “are underscored by the “integrated programmes, which, principally, are a pursuit of aggressive turn-around of the agricultural sector in all spheres; a provision of multi-lateral funding facilities for stakeholders in agriculture, and the declaration of a state of emergency against any prospects of food shortage and starvation in the state.” Akaneje, who advised electorates to study Ubah’s manifesto, observed that “his other policy programmes include designing irrigation support systems and the development and implementation of a master plan for flood and erosions control in Anambra State,” he said, adding, “he believes that in addressing the challenges of food scarcity, the root causes which lie, fundamentally, in the abject neglect of this sector by past and present administrations in Anambra State, must be tackled robustly.”

    Mr. Anyidi Anagekwe, another respondent, noted that “Ubah seems determined to reverse the past and present trends and situations by injecting new blood and a generous dose of energies, in terms of capacity-building programmes and capital base adequacy for other related agro-allied projects.”

    Specific strategic policies and programmes articulated by Ubah for addressing the issues, include easy and affordable access to agric-specific funding sources at the state and federal levels as well as financial institutions. Ifeanyi Ubah, quite persuasively means well and – given his experience and impressive wide links in the ever so capital-intensive nature of his forte – petroleum business – should be taken seriously when he pledges to keep his word.

    Other measures include the provision of ancillary incentives to boost the morale of farmers and stakeholders in the agric sector; resuscitation of abandoned farm settlements and the provision of logistics support, which include the construction of produce-processing mills and facilities, and availability of long-term strategic storage facilities for the preservation of excess products. Ubah strongly believes that Anambra State has the potentials to be the food basket of the South-East geo-political zone.

    A major threat to the agricultural policies of Anambra State, as well as security of life and property and sustainable environmental protection, is the unsettling issue of erosion menace. Several communities in Anambra State have been ravaged by erosion and local population displaced. In fact, lives have been lost and valuable property lost to the menace of erosion in the state. Ubah maintains that introducing and effectively implementing policies and programmes to provide adequate and proactive responses to the issues of erosion and flooding in the state, proper use of ecological funds from the federal government, as well as those from international development agencies, will adequately address the matter.

    It would be recalled that Ubah has, during the campaigns, assured the electorate that his mission is to serve diligently, and make the much desired difference in the lives of the people of Anambra State, where the past and present governments – civilian and military have failed.

  • Alleged fraud: Court rejects Ifeanyi Ubah’s bid to halt case

    Alleged fraud: Court rejects Ifeanyi Ubah’s bid to halt case

    The Federal High Court in Lagos yesterday rejected a bid by the Labour Party (LP) governorship candidate in Anambra State, Mr Ifeanyi Ubah, to halt further hearing of his suit before Justice Saliu Seidu.

    Ubah, in a July 30 letter, urged the Court’s Chief Judge, Justice Ibrahim brahim Auta, to reassign the case to another judge.

    But the request was rejected.

    The oil businessman/politician did not state reasons for seeking the transfer.

    Ubah is praying the court to restrain the Economic and Financial Crimes Commission (EFCC) from investigating him.

    The commission has, however, insisted that he has a case to answer.

    His lawyer, Mr. Ajibola Oluyede, yesterday accused the EFCC of trying to scuttle Ubah’s governorship ambition.

    EFCC said it received petitions of alleged fraud, obtaining registration by false pretence, forgery, alteration of documents, conspiracy to obtain money by false pretence, tax evasion and underpayment of consent fees against Ubah and his company, Capital Oil and Gas Limited.

    The petitions by Dys Trocca Vaksesia & Company (DTV) Limited alleged that Ubah connived with the former managing director and secretary of DTV and executed a deed of lease on a parcel of land at the Apapa-Oshodi Expressway to Ubah “for a ridiculous amount of N60,000 for a tenure of 30 years.”

    Oluyede urged Justice Seidu to adjourn the matter sine die (indefinitely) until the chief judge responds to his client’s letter to reassign the case.

    But Justice Seidu said the chief judge had directed him to proceed with the case.

    “It is an administrative matter between the chief judge and me. So, let’s proceed,” Seidu added.

    Oluyede moved an application, seeking to file a police forensic investigation report, which he said exonerated his client of forging documents on the land transaction.

    He said: “It is a report of a forensic examination of the documents for which the applicants have been harassed by the EFCC. The EFCC is claiming to be reasonably suspicious that the applicant forged the document.

    “But the report shows that the document was not forged. This matter has been previously investigated by the police.

    “Why EFCC is doing this now is to impede the campaign of the first applicant, who is a candidate in the Anambra State Governorship Election,” the lawyer said.

    But EFCC’s lawyer Mr. Mohammed Bawa urged the court to dismiss the application, saying it was filed to “arrest the judgment of the court.”

    Ubah and Capital Oil and Gas Limited are praying the court to restrain the EFCC Chairman, Ibrahim Lamorde, and Inspector-General of Police (IGP) Mohammed Abubakar from arresting him over what he called a “purely civil transaction.”

     

     

     

  • Our campaign on course, says Ubah

    The campaign organisation of the Labour Party’s (LP’s) candidate in the Anambra State governorship election has said Dr. Ifeanyi Ubah’s campaign is on course.

    Acting Director of the media team Emmanuel Chijioke Ibeleme said the campaign train was moving.

    He said majority of the people had declared support for Ubah and the LP.

    Ibeleme said the candidate to beat in the November 16 poll is LP’s standard-bearer.

    “Ubah’s campaign organisation is in a high spirit. It is amazing how other parties’ members are defecting in droves to join the Labour Party to identify with Ubah. There is no doubt that he is the man to beat,” he said.

    Ibeleme dismissed insinuations that Ubah was broke, adding: “It is the handiwork of a mischief-maker, a former media consultant, who has since been exposed to be double-dealing and out to tarnish the image of Ubah, who is a front runner in the forthcoming election.”

    He said the person involved had been sacked and was in detention in Anambra State.

    Ibeleme also dismissed the story of about 60 bouncers leaving Ubah in anger.

    He said it was a fabrication.

    “Even the head of the bouncers, Mr. Success Godwin Adibenjo, noted that the story was a fallacy.”

    Ibeleme said Ubah never owed the bouncers, adding that they were always paid extra one week bonus.

    On the allegation that Ubah’s business had failed, he said it was laughable because “the clearance by the Assets Management Corporation of Nigeria (AMCON) on the issue remains a valid explanation that Capital Oil is not a failed business, but is only being managed for two years to stabilise it.”

    Ibeleme said Capital Oil is just one of the many businesses owned by Ubah and that the Labour Party candidate, who by the favour of God, has well-structured his life, “is not lacking funds and will never lack money. Ubah is blessed and contented in life and will never run for the election because of monetary considerations.”

    He said Ubah means well for the Anambra people.

    “He has helped many people in the state and is still doing so. He is contesting the poll to win and transform the state.”

     

  • Ubah’s obscenities

    In the build-up to the Anambra State governorship election on November 16, the crown for the ultimate grandstander must go to Labour Party (LP) candidate and controversial businessman, Ifeanyi Ubah. He has outclassed his rivals in loudmouthedness , which unfortunately is a quality many politicians in the land crave, in the mistaken conviction that it works on the electorate.

    However, it is comforting that Ubah, contrary to his fantasy, does not have the exalted position in his pocket just yet. It will be an intense contest, with the magnetic Senator Chris Ngige of the All Progressives Congress (APC) and the incumbent-backed Chief Willie Obiano of the All Progressives Grand Alliance (APGA) promising a tough battle.

    Interestingly, Ubah himself unwittingly betrayed the unappealing nature of his candidacy in a recent newspaper interview. His words: “I am a money maker, a magician trained by God. In fact, let me tell you something, if I can gather all my resources, what God has blessed me with; I can do 50 percent of Anambra without anybody’s money. If I gather my worldwide resources and I am given a free hand to change Anambra, I promise that I will do 50 percent of what is in my manifesto without touching one kobo of Anambra State government.”

    In concrete terms, Ubah’s suggestion, which might be no more than an “epic boast”, was that he could on his own provide over N50 billion to run the state. This implication, based on the state’s 2013 budget of N110.9 billion, is a point to ponder. If it was a conscious statement, uttered with veracity, then the people of Anambra need look no farther than Ubah. On the other hand, if he merely served entertainment, the people ought to give him a wide berth, like others of that ilk who speak superlatively about their personal wealth with little evidence of employing it to transform society.

    In the first place, it is apt to wonder just how much Ubah is worth, given his grandiosity. Then, of course, the question of his sources would be inevitable. Furthermore, it would be interesting to know how faithful he has been in performing his civic duties, especially obeying the law and paying tax that is due. Such contemplation would be appropriate against the background of Ubah’s complicated expansion. His 40th birthday two years ago was a study in lavishness, and a statement that stamped him on the collective consciousness. Shortly after, his name featured prominently in the oil subsidy payment storm, and then he got entangled with Cosmas Maduka of Coscharis Motors Limited over a gargantuan financial deal that went sour. Lately, he was forced to relinquish the management of his company, Capital Oil and Gas Limited, to the Assets Management Company of Nigeria (AMCON) for two years on account of debt issues. And he is in court with the Economic and Financial Crimes Commission (EFCC), which maintains that he has a case to answer in respect of a fraud allegation concerning a parcel of land at Apapa-Oshodi Expressway, Lagos.

    Beyond his troubles, which would likely be assuaged by electoral victory, it is instructive to reflect on his social responsibility in connection with his town, Nnewi, and in the context of his self-publicised prosperity. He reportedly established Ifeanyi Ubah Foundation which is said to have awarded university scholarships, sunk boreholes, installed electricity transformers, repaired and graded community roads and provided free fuel to commercial motorcyclists and bus drivers weekly. However, the truth is that these might be no more than tokenist gestures, considering the stupendous riches he claims.

    Regrettably, the entrepreneurial model that makes obscene noise about personal possessions but unenthusiastic about sharing a reasonable portion with society is very familiar. Across the country, there are so-called people-oriented Foundations set up by the wealthy and powerful, which function simply in a cosmetic fashion, lacking not only consistency, but also the commitment to long-term service. In addition, they are fundamentally ego-driven and constituted merely to aid vain posturing.

    Perhaps Ubah could benefit from reading the book, What Money Can’t Buy, by Harvard University scholar Michael Sandel, which is a critique of the “market society”. For, there is a subtle market mentality involved in the method he chose to sell his candidacy, relying on the seduction of money and what it can buy, in this case, his private wealth flaunted as a cushion that the people can count on beyond state funds. His selling point should not be encouraged, particularly because it glosses over the deeper moral implications.

    Quite strangely, but revealing of the fact that his candidacy is basically deficient in integrity, Ubah in the interview said of himself, “I am one of the Villa boys. I am not in an opposition party.” The puzzling self- description was his answer to a question about his relationship with the seat of federal power, which is occupied by the People’s Democratic Party (PDP). If Ubah’s suggestion is that LP and PDP are not rivals in Anambra, should this be interpreted to mean that the parties are one and the same, or perhaps partners? Whose interest, therefore, would Ubah represent, should he win?

    Again, there are moral angles. The people deserve full disclosure concerning Ubah’s actual leaning, rather than misleading double-speak. The lesson: Ubah inadvertently highlighted the sorry reality that the country’s political parties are separated by little or no differences in ideology. That is why he could so easily attempt to blur the dividing line. It is especially tragic that it involved LP, which is conventionally perceived as egalitarian and progressive, in contradistinction to the conservative elitism represented by PDP.

    Although the Anambra electorate is expected to have the final say, it is important to stress that political governance is too weighty to be left to moneybags, particularly the showy type who defines money in terms of a magic bullet, and demonstrates little respect for the moral core that should guide money-making and the purpose of wealth. It is equally crucial that the leader should be ruled by ideological clarity, the lack of which would create undesirable illusions for the people.