Uba denies receiving help from Maduka; calls Cosharis group 'pure water' business - Part 1

The Managing Director of Capital Oil and gas, Ifeanyi Uba on Monday denied claims by the Chief Executive Officer of Cosharis group, Cosmos Maduka that he offered him (Mr Uba) a lifeline when his business was in the brink of collapse.
"Is it by his pure water business that he'll be able to come and help me," Mr Uba, who was a guest on Channels Television's breakfast programme, Sunrise Daily, asked.
Mr Uba said he believes politicians were influencing the Cosharis boss, whom he referred to as an uncle, to engage in the media war with him.
Mr Maduka had claimed that since Mr Uba and his company (Capital Oil and Gas) were labelled by most commercial banks in Nigeria as 'unbankable', he helped the oil merchant to obtain a loan of $180 million from Access Bank to finance the importation of Premium Motor Spirit (PMS).
The Cosharis boss also alleged that 10 letters of credit were opened and that of the 10 expected cargoes, only six were delivered.
Disputing Mr Maduka's claims, Mr Ubah said "everything about that story is false."
When asked if it was true that he is indebted to Access Bank to the tune of N21 billion, Mr Uba said 'you can't eat your cake and have it'.
He said the loan he obtained from the bank was what he used to import petrol of which his company is yet to receive subsidy payment. "The money is sitting in Access Bank," he said.
"Access Bank is the consignee of all the vessels imported. Therefore, if they are accusing of fraud, then it is all of us together," he added.

[@Nzehvictoradnan]

Who is watching this again after years

[@kinguche9208]

Me

[@andersonjessica1192]

Rip ifeanyi uba

[@jasminnwoke7064]

Pure water business built with diligence, honesty and hard work will outlive and outperform criminal sudden wealth. We know how coscharis built his wealth over time. Ifeanyi uba has gone to face his maker who cannot be deceived nor bribed; he will judge everything

[@_____.3958]

Ibeto made ifeanyi ubah, his wealth wasn't sudden

[@DavidSolomon-zt5up]

​@@_____.3958That guy is a fraudster

[@zoe-b4w]

Jeremiah 17:11 As the partridge sitteth on eggs, and hatcheth them not; so he that getteth riches, and not by right, shall leave them in the midst of his days, and at his end shall be a fool.

[@zoe-b4w]

@@_____.3958I guess Ibeto is proud of the stinking and unworthy legacy Ifeanyi Ubah left behind. God cannot be mocked. What a man sows he will reap.

[@HossanaChikwado]

Come rain, come shine, Dr Maduka is definitely someone I will believe ahead of this. DCM came with facts when he was making his presentations, this man is running in circles.

[@olalereqi545]

In one breadth he calls Dr Cosmos his brother and uncle. In another breadth, he calls him young man. Are you seeing what I am seeing?

[@ikpeamachris57]

Did you come back with me to watch this video from Aug 2024?

[@uceewonderstv]

KZbin algorithm brought it up

[@ajalahupfront]

We the association to women selling tomatoes in the market are offended. That we don't sell tomatoes worth 21billion does not mean we should be disrespected.

[@nzubeikoroha3793]

Lol

[@emmymoses5057]

That's terrible with that wrong volga language

[@zoe-b4w]

You should ignore the illiterate! He displayed crass ignorance of life.

[@unstoppableunstoppable8687]

The fact he's laughing and stammering shows guilt. He's all over the place as far as am concerned. Very unfortunate, why do you want to destroy him over his kindness. You better change for your own good!

[@chinwenerondu8192]

Exactly...

[@phillipifejika2887]

Who came back today 27th July 24 after the news ?

[@Kelvinhart-j3b]

My brother me too 😢

[@_____.3958]

May his soul rest in peace

[@ikennannoli7905]

Me oo.

[@chyzojis5854]

Me too oh

[@okechukwuchinwuba4992]

Pride goes before destruction and a haughty spirit before a fall

[@vanyou2269]

It's 11 years today, And Ifeanyi Ubah is Dead 27th July, 2024. The Vanity of Life.

[@nosiphimalaza1974]

You're right ✅ 👌

[@ounmore2893]

You’re very right the guy was an outright criminal. And he made too many enemies with the wrong people

[@thetravelerwonderfulworld9854]

Ok today is Friday April 23rd, 2021. It's been over 11 years since this incident occurred. So let's keep scores . 1. Where is Capital Oil today ? Answer : Capital Oil has been TAKEN OVER by the asset management company of Nigeria (AMCON) because it is owing several banks and businesses in Nigeria and cannot stay solvent anymore . 2. Where is Ifeanyi Uba today ? Answer : Ifeanyi Uba has NO business as at today , making him the ONLY oil "billionaire" in Nigeria to be bankrupt. He quickly rushed into politics where he is now a senator and right now running for Anambra governorship. 3. Where is Cosmas Maduka ? Answer : Cosmas Maduka's business COSCHARIS group is growing from strength to strength, even though he paid N14b to clear that debt Ifeanyi stole. COSCHARIS is also about to go public. So from this , you know who is a crook, and who is a true business man. THIS SHOULD BE A LESSON TO ALL YOUNG BUSINESSMEN & WOMEN IN NIGERIA. ONLY YOUR INTEGRITY WILL SAVE YOU !!! DO NOT STEAL TO GET RICH QUICK. IT DOES NOT PAY !!!

[@AI-dc3zo]

Well analyzed!

[@gombeheritage4673]

Well said, sir

[@Jerry.anthony.c]

Well analyzed

[@alexobor7954]

Thank you for putting this out.

[@_____.3958]

May his soul rest in peace

[@collinsnwoye2795]

When a lier is talking,you will know by his body language.

[@kinguche9208]

Body language speaks lies here

[@eddierocksteady5740]

The Managing Director of Capital Oil and gas, Ifeanyi Uba is a THIEF!!!

[@clementkele3301]

And you are what ?

[@nwannetheodorah909]

Eye witness 😂😂😂​@@clementkele3301

[@christopheruche5708]

Ole go and pay Dr. Maduka his money

[@sundaychidi1979]

Thank You Jesus Because I Am Free I Thought That I Have Problem But Listening To This So Called Big Men I Discovered That I Am Free I Can Sleep Without Thinking And Wake Up Without Thinking Ohh God The One I Have Is Greater.

[@IkabaMichael]

Which ever way, may his soul rest in peace... Vanity upon vanity... All is vanity.

[@unstoppableunstoppable8687]

I'm laughing really hard here! You can see he's lying. He's asked a straight forward question, then he deviated to something else. His body language says it all.

[@funmichris8680]

True. You are very observant.

[@deleamedu2220]

This dude is a big time criminal. All major banks in Nigeria know him to be a fraud. Cosmos Maduka trusted Ifeanyin Ubah despite warnings from Nigerian Banks but he failed to listen. He trusted his so called kinsman

[@hartbrown100]

Interviewer: Do you have facilities with Access Bank Uba: We don't have facilities with Access Bank. Let me go straigth to the point. We don't have facilities with Access Bank Me: What sort of response is that....If the subsidy probe did not fail, Uba should be in prison or self exile

[@chrismaduabuchi6919]

When you listen to both parties, you will know the truth, please pay your debts

[@unstoppableunstoppable8687]

Simple!!

[@funmichris8680]

This guy was purely evasive. He is being asked a question. Rather than answering directly with facts, he chose rather to beat about the bush.

[@generalman3016]

Thats how dishonest people do

[@yinkoos]

If N21 billion doesn't scare you then pay Maduka his money, thief!

[@akindeleakano]

You have respect for him and you said he must have lost his memory? What type of respect is that?

[@clementkele3301]

He lost that respect by coming public to damage his reputation

[@mr_rocbil]

Life is sad a journey because this man here is no more

[@Makaveli-ak4]

Nigeria is a business country where a person can own oil company which is supposed to be for the government and the masses so that it will be afordabel. But, business, business they say. eating the country. A shame oo.

[@emmanayoemmanuel1861]

No need to go to National House of Rep ooo. just pay! period!

[@generalman3016]

As if house of rep is a court

[@danladiojito9741]

He seemed not well enlightened or educated.

[@zoe-b4w]

@@danladiojito9741That much was clear. He was just a smart but dishonest trader.

[@ifeomaukegbu526]

Life is temporary be sincere and do the right things because tomorrow might be too late, now Ifeanyi Uba is no more

[@_____.3958]

We miss you our senator,i remember when you use to share free fuel at your filling station in Nnewi

[@sydneychukwukelu]

Sold ur destiny for free fuel

[@_____.3958]

@@sydneychukwukelu that was many years ago before he became a senator nkita fada

[@finjasper]

Ifeanyi, we all know you conned him of that money. You shouldn’t be playing with people’s money. In other countries you’d be ....

[@macd_advocate]

Suleiman Aluede! My man for life. Much love and respect.

[@adamsow5049]

This capital oil are part of the criminals on oil subsidies scam. Milking Nigeria dry bunch of thieves. Give Madura his money.

[@paulineobianuko3390]

I hope he paid Coscharis before he died. I think I believe Maduka

[@simonealbiez8996]

Make Peace and stop confusìng the IGBO Nation

[@pjprince3330]

THE UBA GUY IS NOT EVEN A GOOD LIAR. WHAT A WASTE OF TIME LISTENING TO THIS DRIVEL!

[@fjdstudios4485]

Thank you for commenting. I don't need to waste my time watching the rest.I stopped at 4 mins

[@afrodemyonline9555]

Wicked thief!

[@Terratiger]

Forget all this business crap. I like this Ifeanyi chap. He is one funny son of a gun! lol!

[@adegbolaolayinka5401]

Oga that is not the question they ask you

[@ayodejitokunbo-salami2625]

He’s dead today at 52. Cosmas Maduka is doing well and pushing on. Capital oil is under AMCON’s management. Time reveals all things.

[@danladiojito9741]

I doubt his age 52. They keep reducing age every year.

[@rizzoreynolds1803]

​@@danladiojito9741 That is his age, ask anyone from his village.

[@sopurustan9878]

​@danladiojito9741 Personally, I'm even surprised that he's already upto 52. I was thinking he's either 49 or 50. Ifeanyi is a very young man coz i know his family well and one of his junior cousin-brother is my very good friend and coursemate. We all stayed together with him in Nnewi during the guy's wedding 10 years ago. When you stay one on one with him you'll know he's a very young man. Just that he made some big hush money via the street by running kala biz for the Kabilas in the Congo and surrounding environs. Then booooom; capital oil was established from the blues. The rest they say is now history. May his soul rest in peace.

[@4evanigachukwu676]

Mr, Mr Mr God will judge o

[@ifeanyismoothjerry2723]

Haaaa

[@Victorygabz]

You go to court to settle ur case nt in parliament. You took advantage of the fact that banks gave him free credit.. He's doesn't think cosmos is himself...😂😂😂😂... This guy's a thief..

[@michaelakinseye5686]

Never knew he is such a fraudster

[@uzodimmajazzyjazzy3375]

Ifeanyi you have to sort this issue

[@aliuadamu2438]

Chamberlain asked I direct question, what happened btw u too, his saying politicians and bank MDs don't like him. His that what happened?

[@infodetails1959]

Did maduka helped you at all yes or no

[@emmanayoemmanuel1861]

Na wa oooooo!!! if you are having his money, simply pay your dept. no need for going round the bush!

[@unstoppableunstoppable8687]

Gbam!

[@mikeemeka1111]

This Ifeanyi guy is extremely dodgy. Throughout this interview, he had gave 2 straight answers. He's either digressing, distracting or prevaricating. He never ceases to use irrelevant stories to captivate his audience. Ifeanyi Uba, in my opinion, is a 1st class crook & a pathological liar. He has the capacity to not only delude his audience but himself as well. Heaven knows why Dr Maduka is reluctant to take this notorious man to the cleaners. Deal with Ifeanyi Uba at your own peril.

[@danielaghara1495]

Please, how old are you? When did you finish your education. ? Finally when did you started your business and where did you get your the money for your business. ? Have you ever ask Dr maduka for help. ?

[@leophoenix1452]

Internet ehn!😢

[@inspiration360degreeviewpa5]

Very evasive and dodgy in his response.

[@funmichris8680]

Exactly!!

[@godwinojimaattah5269]

Terrible liar. Ifeanyi Uba, calculated thief.

[@rajiwaleisaiah3615]

The way he talks shows that he could be a crook

[@EyaYorubaTV]

Ifeanyi Ubah was not answering the core questions. He was just babbling. Pure verbose. This man is a crook.He should pay Maduka his money. Cosmos is by far better this guy.

[@ugochukwuilechukwu8562]

I have read several comments from people that listened to the interview and passed judgement with out knowledge of the truth. I will now tell you the truth because I was involved. Access bank of which Maduka was a director refused Capital oil request for facility. Maduka got same facility for himself and passed it on to capital oil with understanding that Maduka will take 40% of the profit. . The facility was fully secured with capital oil assets.

[@anasobibensonperry2679]

Ifeanyi is frustrader, leaving the question to tell a different story, he sign credit consignment for over #100 million dollar, for u sell and pay the consignment did not come and u talking how u invested 900million, 24 billion and 900million are they the same thing?

[@AkanbiOri]

This guy is such a thief...na waa oo

[@opaul7500]

*This guy appears to be creating intrigue to obscure matters.* *Only complaint I heard Mr Cosmas Maduka make is:* *WHY NOT HONOR YOUR CREDIT COMMITMENT GIVEN YOU IN TRUST AND GOOD FAITH?* Why dragging in the good name of Aig Imokkuede and others into the mess you're creating? Why trying to smear Mr Cosmas Madukas who has a right to be disappointed, and angry, and even desperate to save his good repute, and to an extent even yours. *Question I heard Mr Cosmas Maduka still asking is:* *WHERE'S THE PRODUCT???* Mr Ubah, the solution is simple: honor your commitment,...instead you are being a disgrace, and have been burning and are still burning the bridges that lifted you accross. Sooner or later that reputation will destroy your progress if you don't stop your ungrateful and deceptive ways.

[@golderp]

What happened? Just say your side of the story, stop talking about when exactly you met and how great you are. Just clear up the accusations step by step. Liar!

[@funmichris8680]

He is clearly a case of narcissism

[@dozieweon]

Such a sad mess!

[@dorcasbernard8278]

Is all good

[@okeymbanu8848]

dorcas bern

[@infodetails1959]

Hence you business with Maduka it means what he is saying is true because you ifeanyi is confirmed criminal

[@markemmanuel4964]

See thief lolz 😂😂😂

[@krisken3944]

Shameless thief!

[@mendozadakota3658]

Chai ifeanyi uba u r such a liar, Pls our people I would advise us to listen to the two interviews, after u will see ifeanyi is a liar.

[@christopheruche5708]

Criminal go and pay nmaduka his

[@ZinebSourmaho]

Both of you are too big for this. My if COS gave you money to do business return his money and the brotherhood continues. Dede watching from Barcelona.

[@rayanjensen7634]

Uba is a thief

[@ajimpolyventure1528]

A liar

[@thaifincommisionbkk3478]

this guy a rogue

[@citytalkwithDJTOR3LL]

He is a liar

[@jiggyjagga]

Thief, Rogue, Liar.

[@theophiluswane1046]

Cosmos has built a brand over the decades. My first knowing him was in 2002/2003, when his company (Cosharis) was given the sole right to distribute hundreds, if not thousands of BMW cars for the All African game (COJA 2003). And ever since then, the man has built and created a niche for himself. The rest they say is history. Una on the other hand I knew when he bought the defunct Gabros FC and renamed it Ifeanyi Uba FC. He became more prominent during the campaign of Goodluck Jonathan in 2015, and was one of the main sponsors of the Transformation Ambassadors of Nigeria (TAN). He was also a Major beneficiary of the oil subsidy, with his Capital Oil. I do not want to Judge anybody. God the ultimate Judge will do that at the appropriate time ⏲️ ❤

[@gangajulioulrich9711]

Why

[@MakuochukwuLawrence-kr9dq]

May your soul rest in peace sir, amen.

[@rayanjensen7634]

Ifeanyi uba is a big thief

[@apcapc7305]

Wise man!

[@UchennaUchennsa]

Wahala pro max

[@godwinemeka8460]

Both of u should go to your home town Nnewi and settle your case

[@HedgeConnectFX]

What happened between two of you ooooooo? Answer

[@citytalkwithDJTOR3LL]

Ifeanyi Ubah is a man of questionable character since he helped Obasanjo bid for third term by distribute money to the legislature

[@IfeanyiMaduka-oq7bn]

Ruka report

[@obidigitalis]

Lols

[@hopechristfour7567]

Poor people

[@nonsononny5072]

Really?

[@onyekapaul8649]

Plz why can't go to HRH igwe ... to settle this issue , Am ashamed of you people. Go home nd dialogue.

[@charlesorji8190]

Mugu

[@adewalesalau6494]

they will always play tribal card

[@princeman3399]

adewale Salau u re a tribal bigot and u re full of hatred idiot

[@imagauche]

He is dead today

[@bonyik7715]

Please you people should go home and settle your differences as people that came from one town and don't allow them to distroye you people, Be worn.

[@innocentonyebuchi2238]

Ifeanyi! Ifeanyi! Ifeanyi! How many times do I called u? Three times abi? Don't kill our spirit of helping each other plz I beg u Two, don't kill ur image, don't kill political career. Hope u know our people, right? Then, do fast to redeem ur image. By the way, it's the court that will settle this and not House as u have said; so read more to know. Thks Continue degrading ur image, that one concerns u. This simple drama shows u can sell our state Anambra if u...

[@sunnicentertainment7809]

Ifeanyi uba is never a sincere man. U are suppose to be a blessing to the igbos and Nigeria in general but u turned otherwise. RIP

[@davbotton4599]

You are blessed by God and not by man. No wonder you are still shinning when all have gone low. Most of all you are honest.

[@charlesorji8190]

Meaning?

[@HossanaChikwado]

Come rain, come shine, Dr Maduka is definitely someone I will believe ahead of this. DCM came with facts when he was making his presentations, this man is running in circles.

[@zoe-b4w]

He could not say with boldness what the matter was between him and DCM. The righteous are bold as a lion. Guilt is written all over him. Now he stands in front of his maker🧐🧐🧐

[@HossanaChikwado]

@@zoe-b4w definitely guilty as hell.