8.4 C
New York
Monday, December 23, 2024

Police arrests Ifeanyi Uba, Capital Oil chief over fuel subsidy scam

Published:

- Advertisement -

LATEST NEWS

- Advertisement -spot_imgspot_img
Ifeanyi Uba

The Police Special Fraud Unit, Ikoyi has arrested oil magnet, Mr Ifeanyi Uba, the Managing Director of Capital Oil & Gas Industries Ltd over the involvement of his companies in the fuel subsidy scam.

Uba was taken into custody at exactly 2.20pm this afternoon with his team of lawyers and is being currently interrogated.

His company was indicted  by Mr Aigboje Aig-Imoukhuede’s led 15-man Presidential Panel constituted by President Goodluck Jonathan to re-investigate the findings of the report of an earlier investigation panel set up by the Ministry of Finance on Fuel Subsidy payments valued at over N2 trillion.

- Advertisement -spot_img

Hey there! Exciting news - we've deactivated our website's comment provider to focus on more interactive channels! Join the conversation on our stories through Facebook, Twitter, and other social media pages, and let's chat, share, and connect in the best way possible!

Join our social media

For even more exclusive content!

- Advertisement -spot_img

TOP STORIES

- Advertisement -spot_img
- Advertisement -

Of The Week
CARTOON

247Ureports Protects its' news articles from plagiarism as an important part of maintaining the integrity of our website.