The Special Fraud Unit, Milverton Ikoyi, has arrested the Managing
Director of Capital Oil & Gas Industries Ltd , Mr Ifeanyi Uba,
over alleged involvement of his companies in the fuel subsidy scam.
At press time, the oil magnate who arrived the Unit in the company of his lawyers was still being interrogated.His company was indicted by Mr Aigboje Aig-Imoukhuede-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.
But the management of Capital Oil and Gas Industries Limited
denied that its managing director was arrested, stating that Uba
voluntarily visited the Unit on a routine verification exercise on
subsidy claim and returned to the office.
However, when we spoke with SFU’s Public Relations
Officer, Ngozi Insitelu, at about 6.30p.m, she simply stated that Uba
was still being interrogated over the oil subsidy scam. She could,
however, not give detail on why it was taking the Unit long to release
him.
At about 7.25pm, we reliably gathered that the oil
magnate was still being quizzed by a seven-man detective team. It was
also gathered that three management staff of his company were
undergoing interrogation in another room in the anti-fraud unit.
Clad in a blue caftan with a pair of black shoes, Uba, who was in the
company of his lawyer, reportedly responded to some of the questions
posed to him.It could, however, not be ascertained whether he would be allowed to
go home, as sources at the Unit said the interrogation might take long.
According to sources at the unit, “we are not done with the interrogation. He may or may not go home today.”
