Chairman of Capital Oil and Gas Limited, Ifeanyi Ubah, has returned to the country after a one month “rest and medical vacation”.
Ubah landed in Abuja a few days ago. He arrived Nnewi in Anambra state on Saturday.
The businessman jetted out of the country’s shores last month after he released by the Department of State Services (DSS).
He had spent about six weeks in custody.
An impeccable had confirmed to DAILY POST that Ubah’s trip was attend to his health.
“We understand that the recent ordeal (with DSS) was traumatic for him. He has never been out of circulation for 6 weeks and you know what that means to a wealthy man.”
Ubah was arrested and detained by DSS on May 5, 2017, for alleged engagement in acts of economic sabotage which include stealing, diversion and illegal sale of petroleum products stored in his tank farm (in Lagos) by the NNPC.
On May 25, Justice Yusuf Halilu of the FCT Federal High Court
extended the detention of Ubah following an ex-parte application the DSS filed through its lawyer, Mr. G.O.A. Agbadua.
On June 6, an Abuja Division of the Court of Appeal gave the Economic and Financial Crimes Commission, EFCC, nod to continue its investigation of Ubah , for alleged complicity in a N43.29bn petroleum subsidy scheme fraud.
