Of Ifeanyi Ubah’s Campaign Of Ethnicity And Inviolability Of The Principle Of National Interest

Ifeanyi Ubah's House at 5 Ikongosi Close, Maitama, Abuja. A beautiful proceed of fraud and economic sabotage
By Ojojo Ogolonto

Ifeanyi Ubah, expectedly, after regaining temporary freedom on the strength of the administrative bail granted him by the Nigeria Police Force on the afternoon of Monday, October 22, 2012, has begun to cover his fraudulent path through media theatrics and conjectures designed to situate his journey to Ikoyi Prison within the domain of tribalism, witch-hunting and calculated attack on his person. This is evident in his listing of some top players in the oil industry as having been spared from the ongoing interrogations because they have people intervening for them, even when thorough and rigorous investigation await them.

This side to the unfolding development that will bring a final end to the issues of economic sabotage and fraudulent business practices in Nigeria is somewhat interesting. Ubah’s allocutus is now the fact that he has no one to intervene on his behalf, not that he has not collected the naira equivalent of monthly allocation of 11 states of the federal republic of Nigeria through the sham of importing and selling 538, 74 million liters of Premium Motor Spirit (PMS) during the 2011 fiscal year through 26 transactions for which he/his company collected a whopping sum of N23bn (Twenty-Three Billion Naira).

For the people beating the drum of sentiment, it is important we allow logic guide our reasoning to enable us put the issues at hand in the appropriate context. Ubah’s loot is enough to make him appear generous because the ‘hippopotamus-sized’ amount he defrauded our country of can never be for or in the name of an individual. See, if his loot has been adjudged to be worth more than the monthly allocation of 11 states of this great country, he would only qualify to be genuinely generous when he touches lives equivalent to the population of the 11 states because these are the people whose share of the national resources Ubah has somehow cornered!

Is it that people cannot see that Nigeria is bleeding through the cut of heartless fraudsters like Ifeanyi Ubah who have vowed to permanently make national development impossible? International investors are cautious about coming into the country lest they fall victim of carefully orchestrated plot and scheme evolved by the league of marauders parading themselves as businessmen. Interestingly, Ubah’s case is more than oil subsidy thieving! The social media and national dailies are saturated with series of allegations and facts that could lead one to a valid conclusion about his person. There are successful businessmen in this country whose entrepreneurial accomplishments have not elicited as much controversy as the endless chain of suspicion and tirade that have greeted Ubah in his less than 2 years of rising to national consciousness.

First, there are serious issues around his activities in Congo DRC where he was said to have fleeced the late President, Laurent-Désiré Kabila, of amounts so gargantuan that his name is as popular as the country’s national anthem; or the other account that has it that he was into gun- running in Congo DRC thereby contributing to the war that ravaged the country.  If this is considered the handiwork of mischief makers, Ubah should visit Congo DRC to clear the air about the fact that he swindled the Government of the Congo DRC before bouncing on the Nigerian Oil or his contribution to national disintegration.
Second, Ubah, overnight, has established himself as a major player in the Nigerian Oil and Gas sector, but has anyone asked how?  Well, available facts have shown that every business interaction with Ifeanyi Ubah leaves the other party with a broken nose. People deal with Ubah on the assumption that his business dealings are transparent, genuine and ethical but later revelations and discoveries leave them wriggling in pains as they are either swindled or defrauded of their funds. A case at hand is Ubah’s refusal to pay Brittania-U Nigeria Ltd and NNPC for the Premium Motor Spirit (PMS) loaded and sold by Capital Oil and Gas Ltd. This is already a matter of litigation because Ubah issued a dud cheque of N4billion to settle his indebtedness to these companies.  
Should we just overlook the fact that Ubah issued a dud cheque of N4billion for a transaction which proceed he had collected as a mistake or intent to defraud other parties involved in the transaction? Okay, if it was a mistake, has Ubah remitted the funds to the real owners?  Seriously, if a businessman’s antecedent has colouration similar to the pedigree of Chief Fred Ajudua, Mr. Emmanuel Nwude and Mr. Ikechukwu Anajemba, is it out of place to conclude that Nigeria has returned to the era of deceit, fraud, pretence and destruction of national pride that characterised the reign of the trio over Nigeria?

Aside from this, available facts have it that Ubah’s pile of indebtedness to the Nigerian banking sector is enough to cripple the entire financial system if his refusal to return customers deposit is not toppled by the force of the Law. Over N70billion to an individual with no commitment to his debt obligations is an aberration. Amidst this and the crying of financial operators, Ubah still acquired for himself a private jet valued at about N4.2billion. what an affront?

Dr. Cosmas Maduka’s experience as alluded to in the farce propagated via some online media platforms is an attestation to his fraudulent practices. One would have expected Ubah to highlight the details of the business transaction and the nature of the disagreement that ensued for Nigerians to understand elements of his characterisation in this unfolding dramatic piece. Information obtained from the SFIU detailed the fact of the business transaction and these are available on pointblanknew.com.

As a nation, we treat these issues with irritating levity that makes the international community doubt our seriousness at purging the country of charlatans.  People just emerge from nowhere with claim to wealth of no discernible source, and we accord them a pride of place in the society. This practice is not only ridiculous but shameful because the society destroys itself through such practices.

Youths take these individuals as role models and aspire to be like them. Most often, these aspirations propel our youth towards these individuals with no enviable past and get them inducted into a world of treachery, crime and fraud.  By this, the nation becomes a self-generating station for criminals, fraudsters and economic saboteurs and subsequent administrations are burdened with the responsibility of cleansing the country of the awful tradition established by Fred Ajudua, Emmanuel Nwude and Ikechukwu Anajemba now maintained by Ifeanyi Ubah.

Seriously, Ubah’s name appearing on the list of fuel subsidy thieves is just one of the numerous cases of frauds to his name. This case only gained enlistment on the public agenda because of the resolution of the Presidential Committee on Fuel Subsidy Payment Verification and Reconciliation to diligently serve the nation and free her from the wicked grip of fraudsters milking her dry of her resources.  Most importantly, President Goodluck Ebele Jonathan’s constitution of the committee is not only a commendable act of visionary leadership and resolve towards the economic liberation of our suffering nation, but strong signal to the international community on the determination of this administration to take Nigeria to the Promised Land.

The judiciary has since realized this and the fact that Nigeria of today does not have more than Oil as the main source of income; so it is a sacred national resource that pilferers of any social standing or status will not be allowed to tinker with. This understanding, I presume, is the motivation for the Court’s overturning of the administrative bail granted him and request for daily visit to the Special Fraud Unit, Ikoyi.

This far, the judiciary has performed impressively and demonstrated a commendable level of commitment towards national development. Much as one would have thought that Ubah’s posture of being above the laws of the land has some meanings, the different Judges and Courts involved in his prosecution and trail have shown that no man is above the laws of the Land.  

The Special Fraud Unit (SFU) should also deploy forensic investigation tactics that will enable them make a big haul of rogues into their net and let Nigeria move forward. Ubah might not be the only one in this act of national betrayal, economic sabotage and perfidy but the amount to his name and chain of allegations around his neck has made him the man of the moment; the man in the eye of the storm. Ubah seems to have more questions to answer than others.
 

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UBAH

Hold up, wait a minute!!!!
What are we accusing Mr Ubah of? Is he being prosecuted for his part in the oil subsidy scam or what. If so what about the others who were indicted. If the EFCC prosecutor does not have a hidden agenda there should not be selective prosecution.
The man prosecuting him also has amassed wealth from corruption during his days as LG chairman and now as EFCC prosecutor. I wonder if he can afford all his houses abroad on just his salary.
The Government prosecuting him also do not have clean hands.
LET HE WHO HAS NO SIN CAST THE FIRST STONE!!!

Deri

You are an hypocrite. Because the writer applauded the President's move on constitutional review and amendment. You are quick to jump up to back him. People like you are the reasons why we are still backward in the country. Lets all join hands in fighting a common evil destroying our economy which is Corruption and Bad leadership. But you are always there to trade blames and respond to issues thats not in your favour blindly. 

Corruption in the oil industry

So much has happened and still happening in the oil industry, and Nigerians are losing money daily. God is on his throne and he knows exactly what he will do to them. They think they are untouchable, but our God is no respecter of person. Good will triumph over evil, light will emerge very soon. Our President is doing all he can and by God grace he will achieve his plans to expose and arrest these Fraudsters. Nigeria is too big for individual to trample upon. To God be the Glory

Nice piece, but...

This is a very nice write up. Uba should answer the case against him and not paint the picture of one being unjustly victimized. It is a simple matter, did you or did you not commit fraud?

Nevertheless, I wonder why all the examples cited by the writer are all easterners and Igbos to be precise. Is it for want of names to cite from all parts of the country. By such narrowness, the writer unwittingly (or might it be deliberately?) exposes article to being reviewed with suspicion. Like it or not, citing only examples from only one session of the country is in bad taste.

Please be guided, Mr Ojojo!

Ifeanyi UBAH

Alex, I couldn't agree more with you. The article/"analysis" on Ifeanyi UBAH simply doesn't add up or make any sense. Nothing is more dangerous than sincere ignorance and conscientious Stupidity. Cheers.

Excellent article-what has changed since Nzeogwu 66

For the efforts of president Jonathan to reduce stealing in the oil industry, Nigerians would never have known about our 25 yrs fuel scam which IBB introduced. Rather than commend him for a job well done, some are going about attempting to paint his Ijaw soul black! We did not say Alams was singled out for unfair treatment in the gulag of Ribadu-where he remained for over 2yrs! The truth of the matter is that over 99 percent of the thieves in the oil industry, are from the 3 old regions of the country! They are the ones who should work to beam the search on their dirty souls! While we all plan to go our separate ways! We cannot continue to have ppl from zones which contribute nothing to the national coffers try to milk us dry-then pretend to be angels at night! Sadly it's these same set of saboteurs who are supposed to spend the rest of their miserable thieving lives in jail, that are often hired as economic advisers by the president!

Until the federal Govt

Until the federal Govt decides to genuinely fight corruption. Such will continue. Its only in nigeria that you see a person today with total cash and asset worth 50,000 Naira become a billionaire in a year and no questions asked. In ifeanyi ubah's case,who are those civil servants who colluded with him? He can't defraud the nation alone. They all should be tried and jailed if found guilty. I am an igbo man by ethnicity. I also believe that we must stop destroying our nation by all this wicked corrupt acts..The civil service needs serious sanitization. I suggest that the national assembly formulate a law that stipulates 50yrs jail time for anyone who are found culpable of fraudlent activities of this magnitude.

Ifeanyi uba and fuel susidy scam

That young man should answer for whatever he did. He seems to have gotten away with a lot of things. His ethinicity campaign is what has kept Nigeria where it is. Does Uba want us to believe he has nobody? How did he get petroleum industry contract in the first place? When the going was good, Mr. Uba was on his own. Now that his actions are being questioned by those who gave him the contracts he has remembered that he or his people are being marginalised. Who is fooling who?

What about Danjuma< Babangida etc?

Danjuma boasted of selling his stolen oilblocks for billions and not knowing what to do with the money. Bbangida pocketted oil windfall of over 12 billion dollars. Northerners shared oilfields of niger-delta among themselves. So why are they not also on trial lile Mr Uba. Uba is stupid, he should ensure that he doent go down alone.

RE; EFCC- FROM HOAX TO HOGWASH

Submitted by Dan (not verified) on October 28, 2012 - 19:39.

''In the 2011 Corruption Perceptions Index, which measures perceived levels of public sector corruption, Nigeria scored 2.4 on a scale where 0 means highly corrupt and 10 means very clean. It was ranked 143 out of 183 countries.”

Congratulations to Lamorde and his team.....Wilson should also be confirmed in his appointment in view of this wonderful achievement and his failed attempt to defend EFCC.

IN FAR SANER SOCIETIES

The article is a true reflection of the kind of brazen criminality that pervades the oil industry and Ubah happens to be one of the worst culprits.Fraud,daylight robbery has become his modus operandi and it only in a lawless ..anything goes society like Nigeria that a 'wound' such as as Ubah can be allowed to fester for as long as it has.

In far saner societies he would have been hanged for economic sabotage .Admittedly there are other marketers Saayu dantata MRS in particular who has been performing financial gymnastics with his transactions for years and should be neighbours in jail with this petty crook however a thief can not say because you failed to catch other culprits that negates the crime committed. Its not a defence in law and neither is it a defence in life.

JUSTICE MUST NOT BE SELECTIVE OR APPEAR TO BE SO

MOST NIGERIAN POLITICIANS AND "BUSINESS MOGULS"INCLUDING UBA ARE FRAUDSTERS. BUT EVEN IN BRINGING THEM TO BOOK, EFCC MUST NOT ONLY BE IMPARTIAL BUT ALSO BE SEEN TO BE IMPARTIAL. OTHERWISE , THEY WOULD COMPROMISE THE INTEGRITY OF THEIR OPERATIONS JUST LIKE CHARGES OF OBJ'S POLITICAL INFLUENCE FOR DISCRIMINATORY PROSECUTION TRAILED RIBADU'S TENURE AS HEAD OF EFCC . OGOLONTO'S CATALOGUE TEND TO LEND CREDENCE TO NOT ONLY THE SKEWNESS UBA'S CAMP IS PROTESTING AGAINST BUT ALSO THE MIND SET OF THIS WRITER FOR THERE ARE MANY MORE OF THESE TYPES IN ALL PARTS OF NIGERIA. ALL OF THEM AND I MEAN ALL MUST BE PUNISHED SEVERELY TO DETER OTHERS FROM THEIR EVIL WAYS. ANY OMISSION OR COMMISSION IN FAVOUR OF ANY WOULD NATURALLY ATTRACT MORE FORMIDABLE RECRUITS FOR THE SIMPLE REASON OF SOME POSSIBILITY OF NOT BEING CAUGHT.FINALLY, PROSECUTION OF ECONOMIC CRIMINALS MUST NOT BE OR SEEN TO BE ETHNIC OR SAME COULD NATURALLY BE USED AS ALOCUTUS BY THE ACCUSED.

True to type

cry baby, they should send him back to jail no mercy. Dr Jonathan must not spare the rest also, they are all criminals, jail them after trial.

YES,CRUCIFY HIM....AS LONG AS JUSTICE IS EQUALLY DISPENSED.

Mr Ubah and his likes are a manifestation of the corrupt system responsible for the dysfunctionality afflicting the Nigerian public and private sector,he is also the perfect accomplice of a compromised political class.If we must face facts,Mr Ifeanyi Ubah cannot carry out his diabolical activities single handedly,his well oiled fraud dynamo has a reach spanning the length and breath of the corrupt establishment.
Mr Ubah's unconventional business practices in the Nigerian oil sector smacks of impunity and a misplaced confidence in the fraudulent associates he has cultivated over the years.Ubah's attempt to extend this issue to tribal proportions is an after thought,it is a desperate attempt to divert attention as he fights to loosen the noose around his neck,it is a prank destined for failure.
However,justice must be dispensed to all the fuel subsidy fraudsters in an equitable and transparent manner,if not the aim of the process will be defeated.

Blind

The law must be blind. It is evident that those who have controlled the center have had their people positioned to loot the nation dry. I do not want to join this guy in his cry of tribalism but his allegation should not be ignored. The West and the North have produced overnight Billonaires without any long established trend of how they got to be stinkingly rich. If one person is sheltered then all should until we are ready to fight corruption blindly without regards to tribe, power, connections etc. It is the ability to use one's tribe's man to amass wealth and earn undue favors that has created the do or die nature of clamoring for presidency by each tribe.

Uba & Ethnicity

Uba has a right to bitch about justice in Nigeria - All Nigerians probably are aware of that. The use of EFCC for selective persecution particularly during Obj regime is notorious. I am only concerned about Uba's case of using his people at this time because I am not aware of any positive contribution he has made for his ethnic group just like his contemporaries.

We therefore must resent his use of the people at this time except to wish him luck. I do not expect justice in nigeria any time soon either - the whole place reeks and morally bankrupt.

Though your name dont sound

Though your name dont sound Nigerian, I agree with you. But what about other rogues and whats the funny hope-to-fail efforts on this new guy?

Haters

The writer of this nonsense should look for a way to grind his envy of this young man rather than talking nonsense.
So the point the man raised is worthless but your own point you want us to believe.
Go and die of jealousy. From what the petroleum minister did with the Ribadu report, do we need a Crystal ball to tell us the the young man is saying the truth. Let us look at the message not the messenger.

they are all thieves,

I enjoin Nigerians to read through national dailies published during the period Ifeanyi UBAH celebrated his birthday this year,the likes of IBB,GEJ
all rained on himcongratulatory messages.What about state governors who
praised himto high heavens over N50/litre of kerosene across the country.They are all thieves.Haba! Ifeanyi UBAH, where are you coming from?Equally,all Ubah bearing persons are thieves...Andy UBAH,HIS YOUNGER BROTHER AND CO.Isnt it?

Haters

My friend, you will do worse, your story smacks of hatred for the Ibos. I don't see you talking about the arrest of Bamanga Tukur's son and other subsidy thieves that has so far been arrested and granted administrative bail.

I am of the opinion that Ifeanyi must have fired you from a job in the recent past. Goon. Talking about allocation, what has the 11 state governors done with the monies thus.? I guess you will beg for the answer only if you are even more foolish than I think.

Alex

Anti-corruption drive should be applied dispassionately!

I share the concern expressed by this writer in respect of Ifeanyi Ubah's criminal acts against the country. But it appears that this writer is singling Ubah out as the greatest sinner in this genre of crime because of his activities in the DRC. We should separate these issues at the moment for, if the DRC feels that Ubah has committed such an offence, nothing stops that country from moving to prosecute him. Moreover, I'm not sure the DRC has lodged a formal complaint to Nigeria on that issue. But with regard to the present relevant issue of oil subsidy scam and other related issues, that Ubah is NOT the only culprit is not in doubt. Even though Ubah could have played some ethnic card here, his complaints are still not far-fetched. It is equally not in doubt that the EFCC is now the Nigerian-style Gestapo used against some 'unpleasant offenders', while the 'pleasant offenders' are allowed off the hook after some deceptive maneuvers. In that score Ubah had made a noteworthy point.

KUDOS TO THE PRESIDENT

"President Goodluck Ebele Jonathan’s constitution of the committee is not only a commendable act of visionary leadership and resolve towards the economic liberation of our suffering nation, but strong signal to the international community on the determination of this administration to take Nigeria to the Promised Land" Now that we have started seeing the genuineness of the president good intentions to salvage the country, can we all support him? would Boko Haram and their sponsors allow us to rest? should we fold our hands and look at this scenario, it will break the country into two.This, to me is the final straw that will break the camels' back.