Presidency Settles Ifeanyi Uba, Cosmas Maduka N21b Debt Rift, As Capital Oil Boss Begins Fight Out Of Biz Collapse & Social Disgrace

…details of the deal to repay controversial loan
+shrouded political pact

The protracted battle between Capital Oil Boss, Mr Ifeanyi Uba and Coscharis Motors head man, Cosmas Maduka is over. And this is official.

Sources confirmed President Goodluck Jonathan initiated the truce.

The number one citizen reportedly called the two warring individuals and brought an end to the colourful war that opened the flood gate of battles that virtually collapsed the business empire of the Capital Oil boss.

Investigations revealed that details of the agreement revolve around how Mr Uba re pays the 21b loan from Access bank – that sparked off the furore that made Maduaka labelled him ‘an international fraudster’. And also a shrouded political pact.

The indicted Oil baron for subsidy offence had disclosed political ambition to govern his state- and alleged to be the financial muscle behind political party, APGA.

President Gooduck Jonathan belongs to rival party, PDP.

Insiders confirmed ‘ a debt repayment schedule was drafted by Uba and accepted by Maduka’

Further digs revealed how the controversial Oil man forced a truce in the matter that forced his business to halt and tainted his image to no end.

According to a source ‘ he achieved this with a combine efforts of loyalist friends and loyalists in the Federal House of Representative and the Senate’

Insiders revealed his case was trumped up as persecution of a successful business man from the eastern region- and that the agenda was to strip him off his assets. The plot was credited to three factions ‘competitors’, ‘Political opponents’, and ‘their greedy collaborators’.

Sources confirmed, Uba’s protectors did a major sell of the campaign and through patronage and sympathy secured vital support that cuts across party divides and paved way for presidential intervention.

Insider revealed with his major fight resolved, and armed with ‘presidential blessing’- the money man branded countless un becoming names in recent time has kick started moves to fight his way out of business collapse and social disgrace.

He is currently in extensive negotiation with people he owed money to reduce the loom of other troubles as well.

‘The move is to contain other creditors as well, so that the lifeline into his businesses can be revived and make virile again’ a source divulged.

More findings revealed this move will be followed by aggressive social repositioning by his image handlers.

‘Ultimately the strategy is employ a carbon copy of the one that got him presidential intervention on the public- backed with a slight twist and turn in approach’

According to an inside the move to climb out of social disgrace is ‘past kick off stage’

The efforts of his handlers should start manifesting in a coupe of days another source disclosed.

Here are links to some of the colourful dramas that led Mr Uba to where is as reported by societynowng.com

Revealed :Capital Oil Boss, Ifeayi Uba In Trouble For Bankrolling Political Party, APGA!
…Why he may not excape business crippling sanctions over fuel subsidy scam.

Friends Defend Capital Oil’s Ifeanyi Uba
‘Access Bank Boss, Aig Imoukhuede & Cosmas Maduka Behind His Problems!’
– They Insist.
+ narrate the scheme to seize his assets.

Capital Oil Boss, Ifeanyi Uba Accused Of Mischief Over Cosmas Maduka’s Retirement From Access Bank
…Allegedly spreading falsehood to muddle up issues in N21b debt

N70b Banks Debts, N4.8b Private Jet & $130m Cosmas Maduka Deal Gone Sour Land Capital Oil Boss, Ifeanyi Uba In Deeper Financial Mess With Police!