Daily Trust (Abuja)

Nigeria: Capital Oil Managing Director, Others to Remain With us - Police

Lagos — Embattled Managing Director of Capital Oil and Gas Ltd, Dr Patrick Ifeanyi Ubah and others will stay behind bars at the Special Fraud Unit (SFU) until another court upturns the existing order that empowers police to detain him, the police has said.

A Lagos Magistrate Court sitting at Tinubu Square, Thursday, remanded Managing Director of Capital Oil and Gas Limited, Dr. Patrick Ifeanyi Ubah, 42, and seven other management staff of his company in police custody for 14 days over their alleged involvement in the fuel subsidy scam.

The unit's Public Relations Officer (PRO), Assistant Superintendent of Police (ASP), Ngozi Isintume who spoke to Sunday Trust on phone said, "The order of the court is for all suspects indicted in the oil subsidy scam to remain in police custody. Until there is another one we will obey the existing one to the later."

She said those in the custody of the police include: Dr Patrick Ifeanyi Uba, Nsikan Usoro 35 (Head of Trading), Chibuzor Ogbuokiri 48 (General Manager Operations), Godfrey Okorie 41 (Depot Manager), and Orji Joseph Anayo 46 (Executive Director Operations).

Also remanded at the Special Fraud Unit over fuel subsidy scam, according to her are the Managing Director/Chief Executive of Matrix Energy Ltd, Abdulkabir Aliu alongside the firm's Operations Manager, Yusuf Oyolola and its accountant, Adewale Akinde.

Though, Aliu and members of his staff are to be remanded for 15 days at the Special Fraud Unit, their continuous detention, according to Isintume is to enable the team of investigators complete their investigations.

It will be recalled that the suspects were indicted by an audit committee set up by the president.

In a statement issued by the unit and signed by Isintume, it said the Commissioner of Police-in-Charge of Special Fraud Unit, Milverton Road, Ikoyi, Lagos, Mr Tunde Ogunsakin in his fight against fraudulent practices and corruption has arraigned some oil marketers indicted by the team of auditors of the Presidential Committee on Verification and Reconciliation of Fuel Subsidy Payment.

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