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Billionaire
businessman and MD of Capital Oil and Gas Ltd, Mr Ifeanyi Uba was yesterday released from the custody of the Special Fraud Unit after
spending 10 days in their cell in Ikoyi. He was arrested on October 9th
following accusations of fraud totaling
N43billion from the Aigboje Aig-Imoukhuede led presidential committee on verification and reconciliation of fuel subsidy payments.
The committee discovered gross abuse by many marketers and reported the
case to the police.
Mr Uba was released yesterday evening after he fulfilled his bail conditions.
Mr Uba was released yesterday evening after he fulfilled his bail conditions.
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