UBA ARRESTED.
Ifeanyi Ubah who is the Managing Director of Capital Oil and Gas Industries Limited was yesterday arrested by the Economic and Financial Crimes Commission(EFCC).
he was arrested by security operatives of the commission in his Abuja home in connection
with the fuel subsidy scam.
His level of involvement in the scam could not be ascertained as of press time.
He was however interrogated by the operatives of the commission and allowed to go home.
Confirming the arrest, EFCC spokesman, Wilson Uwujaren, said, “It is true he was arrested. But he has been allowed to go home.”
Asked when he was expected back at the
commission, Uwujaren said, “That will be communicated to him, but for
now he is no longer with us.”
About 40 persons and companies are facing trial over the fuel subsidy scam.
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