Latest news about ifeanyi ubah

Ifeanyi Ubah is a Nigerian businessman and politician who is the founder and chairman of Capital Oil and Gas Industries Limited. He is also the senator representing Anambra South Senatorial District in the Nigerian Senate. Here are some of the latest news about Ifeanyi Ubah:

  1. Court orders arrest of Ifeanyi Ubah: In October 2020, a Federal High Court in Abuja ordered the arrest of Ifeanyi Ubah over alleged fraud and money laundering. The court ordered his arrest and detention for 14 days to enable the Economic and Financial Crimes Commission (EFCC) to investigate him.
  2. EFCC re-arraigns Ifeanyi Ubah: In November 2020, the EFCC re-arraigned Ifeanyi Ubah on a 13-count charge of fraud and money laundering. The senator was accused of diverting N1.2 billion from the account of Capital Oil and Gas Industries Limited.
  3. Ifeanyi Ubah denies allegations: In response to the allegations, Ifeanyi Ubah denied any wrongdoing and described the charges as "baseless and frivolous". He claimed that the EFCC was trying to intimidate and harass him because of his political position.
  4. Ifeanyi Ubah's company, Capital Oil, in financial crisis: In December 2020, it was reported that Capital Oil and Gas Industries Limited was facing financial difficulties, with debts of over N10 billion. The company was said to be struggling to pay its staff and suppliers.
  5. Ifeanyi Ubah's senatorial seat under threat: In January 2021, there were reports that Ifeanyi Ubah's senatorial seat was under threat due to his ongoing trial and the allegations of fraud and money laundering against him. The reports suggested that the Independent National Electoral Commission (INEC) might be forced to declare his seat vacant if he is found guilty.
  6. Ifeanyi Ubah's supporters protest his arrest: In February 2021, supporters of Ifeanyi Ubah protested his arrest and detention, claiming that it was a political witch-hunt. The protesters marched through the streets of Abuja, calling for his immediate release and describing the allegations against him as "false and fabricated".

These are some of the latest news about Ifeanyi Ubah. It's worth noting that the allegations against him are still pending and he has not been convicted of any crime.