By Uche Mbah
Another Nigerian Businessman, Ifeanyi Ubah, has Wednesday been charged to court by the federal government over allegations bordering on N135billion fraud.
In a four count charge filed in a Lagos High Court, the government Lawyer, Korede Adegoke, said that in the first instance, sometime between 2012 and 2018, Ubah made false claims “in relation to the actual values of certain assets transferred to Asset Management Corporation of Nigeria (AMCON) under the consent Judgement delivered in Suit no. FHC/ABJ/CS/714/2012 on the first day of July 2013 in partial payment of the indebtedness of Capital Oil and Gas Industries Limited with a view to defeating the realization of the said Judgement debt of the said Capital Oil and gas limited”.
The judgement debt is put at N135 billion.
Government also accused Ubah of giving false information in relation to the actual value of the debt.
Ubah was also accused of frustrating the sale of his property at Banana Island to recover the money.
Efforts, however is being made to settle the case out of court.
