Billionaire businessman and MD of Capital Oil and Gas Ltd, Mr Ifeanyi
Uba was last evening 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 last evening after he fulfilled his bail conditions.
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