A Federal High Court in Lagos adjourned till April 2, 2020 the arraignment of the Chairman of Capital Oil and Gas Limited, Senator Ifeanyi Patrick Ubah for alleged N135bn fraud. Ubah and his firm Captital Oil are accused of defrauding the Asset Management Company of Nigeria (AMCON). Justice Nicholas Oweibo fixed the date following Ubah’s second consecutive absence in court. The Federal Government, which is prosecuting the matter, told the judge that it had been unable to serve the defendants their October 30, 2019 charges. Its lawyer, Kunle Adegoke, alleged…
Read MoreAlleged N135bn Fraud: Ifeanyi Ubah To Be Arraigned April 2
