Capital Oil Boss, Ifeanyi Uba In Fresh Trouble, Arrested By E.F.C.C For Fuel Subsidy Scam

…deploys handlers to cover up occurrence

Controversial debtor, Mr Ifeanyi Uba is fresh trouble.

And this is coming less than 2 months after he got a reprieve from the N21b access debt saga that earned him the tag ‘international fraudster’ in some quarter. And grounded his business to a halt.

The present problem adding more to the controversies and dented image of the tainted money man is a revisit of his indictment for fraud subsidy.

The E.F.C.C just arrested him for questioning over the matter.

Sources claimed he was picked up after at his Ubah at his Maitama home in Abuja. This was after he refused to honour a series of invitation by the agency.

Sources claimed Ubah spent ‘a couple of hours’ at the anti corruption agency fielding questions on his role in the Nmultibillion naira scam with on going high profile prosecution.

Digs by societynowng.com however revealed the man of many debts appears has initiated moves to ‘colour the occurrence’

Just like he does in cases with abundance documents to prove- Uba is said to likened it to acts of his political detractors.

Insiders however revealed that his arrest might have a dint of political involvement – it has root cause in failure to fulfil contractual agreement by Uba and Capital Oil.

Divulged another source ‘and he can’t be attributing all probes he finds unfavourable into his business to politics, after all he leveraged on politics to get out of the business collapse his N21b debt to access bank and cosmas maduka earned him!’

Here is a link to the details the source referenced ‘Presidency Settles Ifeanyi Uba, Cosmas Maduka N21b Debt Rift, As Capital Oil Boss Begins Fight Out Of Biz Collapse & Social Disgrace.
…details of the deal to repay controversial loan
+shrouded political pact’

However what is not clear is whether the presidential influence that bailed him out of his recent ‘situation’ has waned and the recent arrest the beginning of his prosecution for fuel subsidy offence or not.

additional report saharareporters.