Reps To SEC: Take Over Capital Oil
A sub-committee of the House of Representatives on Capital Market and Institutions on Thursday asked the Securities and Exchange Commission to take over Capital Oil Plc for allegedly defrauding shareholders of more than N5bn.
The committee, which is chaired...
The Chairman of Capital Oil, Mr Ifeanyi Ubah, currently embroiled in crisis with Nigerian National Petroleum Corporation (NNPC) over product diversion, has alleged the corporation is owing him N16 billion.
NNPC has been tackling Ubah over N11 billion which it claimed was the worth of...
