Maduka vows to recover Capital Oil debt
The President, Coscharis Group, Dr. Cosmos Maduka, has vowed to get back all the money allegedly owed him by the Managing Director/Chief Executive Officer, Capital Oil and Gas Limited, Mr. Ifeanyi Ubah.
Maduka, in a document made available to our correspondent on Tuesday, said, “Given the fact that I earned every kobo through my sweat, I will collect my money to the very last kobo. I vow to pursue this matter to the end.
“I and my family will fight with everything to ensure that Ubah repays all the money he owes me. God is my witness.”
Maduka claimed in the document that he entered into a joint venture business agreement with Capital Oil for the importation and sale of petrol.
The basis of the joint venture agreement was that he would provide the funding for the importation, while Capital Oil would be responsible for the importation logistics as well as handle the sale of the product.