Court begins Ifeanyi Ubah’s N135bn debt trial April 2

The Federal High Court in Lagos has further adjourned till April 2 the arraignment of Ifeanyi Ubah and his Capital Oil and Gas Industries Limited over an indebtedness of N135bn to the Asset Management Corporation of Nigeria.

The scheduled arraignment before Justice Nicholas Oweibo could not go on Thursday as Ubah was absent from court.

The counsel for the Federal Government, Kunle Adegoke, told the judge that the prosecution was having difficulty serving the charge sheet on Ubah, alleging that the businessman was evading service.

The Federal High Court in Lagos has further adjourned till April 2 the arraignment of Ifeanyi Ubah and his Capital Oil and Gas Industries Limited over an indebtedness of N135bn to the Asset Management Corporation of Nigeria.

The scheduled arraignment before Justice Nicholas Oweibo could not go on Thursday as Ubah was absent from court.

The counsel for the Federal Government, Kunle Adegoke, told the judge that the prosecution was having difficulty serving the charge sheet on Ubah, alleging that the businessman was evading service.

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