Billionaire, Ifeanyi Ubah to step down from Capital oil to Pursue Anambra Governorship

Capital Oil boss, Ifeanyi Ubah is to step down from running his Oil company in order focus on his Anambra Gubernatorial aspiration.

In an Agreement with the Asset Management Company of Nigeria, AMCON, which takes off this week, Ubah will be out of the management of Capital Oil and Gas for the next two years whether the billionaire businessman is successful in his gubernatorial pursuit or not.

According to the MD,AMCON, Mr Mustapha Chike-obi, Ubah cannot run for governor and at the same time run for governorship.

“We told him to go and run for governorship, but if you run for governor, you cannot run your company because we don’t want to be seen as sponsoring a governorship candidate. So he agreed.He’s gone to run for governorship. We have taken over his company; we have taken over the management of his company. We are going to appoint all the executive directors in his company and when he finishes running, he can come back and discuss coming back to the company, but he can’t do it for less than two years.''