Managing Director of Capital Oil and Gas, Dr Ifeanyi Ubah was, according to Vanguard, released on Monday night from Department of State Services (DSS) detention.
Vanguard, quoting sources close to the Oil and Gas mogul
He was arrested by the DSS on May 5, 2017 over alleged theft of N11bn worth of petrol stored in his tank farm.
The Nigerian National Petroleum Corporation (NNPC), had accused Ubah of unauthorised diversion of the petrol from his Apapa tank farm.
A “No Case” was declared following investigations by the DSS. He was subsequently released.