Patrick Ifeanyi Ubah News
Patrick Ifeanyi Ubah ‘s Application for bail has been rejected by a Federal High Court sitting in Lagos on Monday.
The Managing Director of Capital Oil and Gas Limited, Patrick Ifeanyi Uba, now being detained by the Special Fraud Unit (SFU) of the Nigeria Police over alleged N43.291 billion fraudulent subsidy claim on Premium Motor Spirit (PMS).
Uba and four other officials of his company were last Thursday ordered to be remanded in SFU custody for 14 days by a Tinubu Magistrate’s Court pending the conclusion of investigation on the alleged fraud.
Uba’s lawyer, Joseph Nwobike (SAN), had filed an ex-parte application to secure the bail of his clients, but Justice Okon Abang said there was no way he could grant the order without hearing from the SFU.
The judge then converted the ex-parte application to motion on notice, and fixed 1.00 p.m. today for hearing according to Daily Independent.
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