Home > Breaking news > Alleged N135bn Fraud: Ifeanyi Ubah For Arraignment April 2

Alleged N135bn Fraud: Ifeanyi Ubah For Arraignment April 2

A Federal High Court in Lagos has fixed April 2, 2020 for the arraignment of the Chairman of Capital Oil and Gas Limited, Senator Ifeanyi Patrick Ubah for alleged N135bn fraud.

Ubah and his firm Capital Oil are accused of defrauding the Asset Management Company of Nigeria (AMCON).

The oil magnate, who has publicly denied the allegation, is said to be in talks with the Federal Government for a resolution of the dispute.

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

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