Ifeanyi Ubah regains freedom


Ifeanyi Uba

Mr. Ubah, the Chief Executive Officer of Capital Oil and Gas Industries Limited, who has been in police custody for over two weeks has regained his freedom. Mr. Uba was arrested by the Nigerian security operatives for his alleged role in oil subsidy theft.

Mr. Ubah was granted administrative bail at minutes after noon time [October 22, 2012]. The bail conditions require Ifeanyi Uba will be reporting at the Police Special Fraud Unit, Ikoyi daily.

Sources close to the security officials indicate that Ifeanyi Uba may have offered the police over N150million for his release.

Stay tuned.



  1. This conttradicts a report in he Guaardian of today about the rejection of his bail application by the court. Who is right? In any case the bail/elease of Ubah is no longer in the purview of the police since the matter had been charged to court,so why should he be offering bribe to the police and not the court ,if he must. Please double-check and inform your readers aright


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