The Federal Government through the AssetsManagement Corporation of Nigeria(AMCON) has given Capital Oil owned byIfeanyi Uba 60 days to pay back N5 Billionbeing rogue proceeds he made fromKerosene subsidy or risk arrest andprosecution.Capital made N22.4 Billion from petrolsubsidy.Sources told Pointblanknews.com thatNNPC allocated to Uba’s Capital Oil 75% ofkerosene supplies to distribute to theentire country at N50 pump price.But the cheapest of the product at thedepot is N120 per litre & N135 at thefilling stations while Capital Oil makesmore than N70 on each litre of kerosenesold.Pointblanknews.com learnt that Uba illegallymade over N60 billion from payments fromkerosene subsidy with his Capital Oil as themajor player in the kerosene deals.Sources hinted that Uba who made apayment plan of N2 Billion with AMCONreneged severally and started playing hideand seek anytime the Mustapha Chike Obiled agency approaches him to pay up hisdebts.Capital Oil is one of the firms which receiveddodgy payments running into billions ofnaira from the Petroleum Products Pricingand Regulatory Agency (PPPRA) on kerosene,petrol and diesel subsidy.Government paid a total sum of N3.655trillion to beneficiaries of fuel subsidybetween 2006 and 2011, while amountjumped to a whooping N1.426 trillionbetween January and August last year.Investigations reveal that Uba, one of themost notorious subsidy scammers, hasseveral collaborators at the NigeriaNational Petroleum Corporation (NNPC),and Petroleum ministry, with the arrowhead being, Petroleum Minister, DezianiAllison-Madueke.Pointblanknews.com learnt that Uba alsobenefited immensely during the tenure ofOdein Ajumogbia.He was later invited tofund the Jonathan/Sambo campaignorganization by Deziani Allison-Madueke.President Goodluck Jonathan who isinsisting that there must be no sacred cowsis spearheading the Hunt for all those whohave defrauded Nigeria through subsidy.Sources hinted that some members ofJonathan's kitchen cautioned that goingafter the subsidy cabal could hurt hisPetroleum Minister, but the Presidentmaintained that whoever was involvedshould be taken down.