Top Social Icons

Responsive Full Width Ad

Left Sidebar
Left Sidebar
Featured News
Right Sidebar
Right Sidebar

Friday, 15 April 2016

Court freezes Ifeanyi Ubah’s Capital Oil accounts

Court freezes Ifeanyi Ubah’s Capital Oil accounts


Published by Family Writers

A Federal High Court, Lagos Division, on Wednesday granted the request of the Asset Management Corporation of Nigeria for an interim injunction freezing the accounts of Capital Oil and Gas Industries Limited.

Capital Oil is owned by Ifeanyi Ubah.

Justice M. B. Idris, while granting the exparte order on the application of Mr. A. B. Mahmoud SAN, counsel for AMCON, restrained Capital Oil and Gas and Ubah from dealing with any assets or funds of the company within the jurisdiction of the court.

The court also gave order freezing all the bank accounts of the company until the matter is finally determined.

AMCON had acquired nearly N100bn debt of Capital Oil and Gas from several banks and has been in protracted negotiation and court battles with Ubah, who is a major player in the downstream sector of the oil and gas industry.

SOURCE 

2 comments

  1. WHEN YOU TELL THEM,THEY WILL REFUSE TO LISTEN TO YOU! EVENTS ARE YET TO UNFOLD!

    JOIN HANDS AND GET BIAFRA,AND DO YOUR BUSINESS IN YOUR ON LAND OF BIAFRA WHERE ALL YOU HAVE ARE PROTECTED! IFEANYI UBAH HAS ALWAYS TRIED TO PLEASE THEM BY ALWAYS SAYING THAT HE WILL SUPPLY ENOUGH FUEL TO STOP SCARCITY!HE FORGOT TO UNDERSTAND THAT NO BIAFRAN CAN PLEASE THE HAUSA-FULANI!THEY TARGET IS TO RENDER BIAFRANS USELESS!

    HOPE IFEANYI UBAH AND OTHER BIAFRANS WHO ARE STILL FOLLOWING HAUSA-FULANI NIGERIA WILL WAKE UP FROM SLEEP!

    ReplyDelete
    Replies
    1. They are not Biafran, but one these saboteur Igbo speaking people. You do not need to beg them or ask them to stand for Biafra. they believed in one Nigeria so they shall be treated like people of one Nigeria. They are businessmen in politics who can use the blood of their own to appease the Hausa fulanis. I do not pity nor cry for them because they have no regard for you as common man, they have more regards to their assets and portfolio in business politics of one Nigeria

      Delete

Responsive Full Width Ad

Copyright © 2016 The Biafra Herald