As exclusively reported by THE CITIZEN yesterday, the Special Fraud Unit, Milverton Ikoyi, who arrested the Managing Director of Capital Oil & Gas Industries Ltd , Mr Ifeanyi Ubah, over alleged involvement of his companies in the fuel subsidy scam, will soon charge him to court.
The interrogation of the oil magnate who arrived the Unit in the company of his lawyers entered late in the night.
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, a reliable source in SFU disclosed that the interrogation lasted for hours and debunked the claim by the oil company that their boss voluntarily visited the Unit, adding that the suspect will soon be arraigned in the court.