{"id":70733,"date":"2019-12-05T19:10:02","date_gmt":"2019-12-05T18:10:02","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=70733"},"modified":"2019-12-05T19:10:02","modified_gmt":"2019-12-05T18:10:02","slug":"ifeanyi-ubahs-n135bn-fraud-case-gets-february-2020-date","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/ifeanyi-ubahs-n135bn-fraud-case-gets-february-2020-date\/","title":{"rendered":"Ifeanyi Ubah\u2019s N135bn fraud case gets February 2020 date"},"content":{"rendered":"<div>\n<div>The government\u2019s planned arraignment of Sen. Ifeanyi Ubah over alleged false claims and an indebtedness of N135 billion to the\u00a0<a title=\"Posts tagged with asset management corporation\" href=\"https:\/\/orientdailynews.com\/asset-management-corporation\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/orientdailynews.com\/asset-management-corporation\/&amp;source=gmail&amp;ust=1575654874687000&amp;usg=AFQjCNH5cpMLV-8IgogqfKH9t1qsV8_nYQ\" data-mt-detrack-inspected=\"true\" data-mt-detrack-attachment-inspected=\"true\">Asset Management Corporation<\/a>\u00a0of\u00a0<a title=\"Nigeria\" href=\"https:\/\/orientdailynews.com\/nigeria\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/orientdailynews.com\/nigeria&amp;source=gmail&amp;ust=1575654874687000&amp;usg=AFQjCNGyHS7X5P702p01qnGrRZO_iymvog\" data-mt-detrack-inspected=\"true\" data-mt-detrack-attachment-inspected=\"true\">Nigeria<\/a>\u00a0failed to take place on Wednesday at a federal high court in Lagos following his absence.<\/div>\n<\/div>\n<div><\/div>\n<div>\n<p>The trial of the senator representing Anambra south at the national assembly was consequently adjourned till<a title=\"Posts tagged with February\" href=\"https:\/\/orientdailynews.com\/february\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/orientdailynews.com\/february\/&amp;source=gmail&amp;ust=1575654874687000&amp;usg=AFQjCNH8eVq6-t8KXiR16mcYwD1H0SQ6MA\" data-mt-detrack-inspected=\"true\" data-mt-detrack-attachment-inspected=\"true\">February<\/a>\u00a02020.<\/p>\n<p>When the\u00a0<a title=\"Posts tagged with case\" href=\"https:\/\/orientdailynews.com\/case\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/orientdailynews.com\/case\/&amp;source=gmail&amp;ust=1575654874687000&amp;usg=AFQjCNFyvNea7EJoF5_ZuxUJ2S4MALL_WQ\" data-mt-detrack-inspected=\"true\" data-mt-detrack-attachment-inspected=\"true\">case<\/a>\u00a0came up, OlisaAgbakoba, counsel to Ubah, informed the court that his client has not been served with the charge.He also told the court that there was an ongoing mediation to settle the\u00a0<a title=\"Posts tagged with case\" href=\"https:\/\/orientdailynews.com\/case\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/orientdailynews.com\/case\/&amp;source=gmail&amp;ust=1575654874687000&amp;usg=AFQjCNFyvNea7EJoF5_ZuxUJ2S4MALL_WQ\" data-mt-detrack-inspected=\"true\" data-mt-detrack-attachment-inspected=\"true\">case<\/a>\u00a0out of court \u201csince it is all about money\u201d.<\/p>\n<p>But AjibolaOluyede, counsel to Capital Oil and Gas Industries Limited, Ubah\u2019s company, acknowledged receipt of the charges and told the court that he has filed a preliminary objection to challenge the competence of the suit.<\/p>\n<p>Responding, Kunle Adegoke, counsel to\u00a0<a title=\"Posts tagged with the federal\" href=\"https:\/\/orientdailynews.com\/the-federal\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/orientdailynews.com\/the-federal\/&amp;source=gmail&amp;ust=1575654874687000&amp;usg=AFQjCNEU2RRcRdmLA2TDnF8yW-GTvJ8-_g\" data-mt-detrack-inspected=\"true\" data-mt-detrack-attachment-inspected=\"true\">the federal<\/a>\u00a0government, said he might be forced to apply for a warrant to compel Ubah to show up in court.<\/p>\n<p>One of the charges reads: \u201ccount 1, That you,\u00a0<a title=\"Posts tagged with Ifeanyi\" href=\"https:\/\/orientdailynews.com\/ifeanyi\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/orientdailynews.com\/ifeanyi\/&amp;source=gmail&amp;ust=1575654874688000&amp;usg=AFQjCNH21PxKlaqooINy1M3POehYnvGWWA\" data-mt-detrack-inspected=\"true\" data-mt-detrack-attachment-inspected=\"true\">Ifeanyi<\/a>\u00a0Patrick Ubah, and Capital Oil and Gas Industries Limited, sometime between 2012 and 2018, conspired in making false claims in relation to the actual values of certain assets-transferred to\u00a0<a title=\"Posts tagged with asset management corporation\" href=\"https:\/\/orientdailynews.com\/asset-management-corporation\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/orientdailynews.com\/asset-management-corporation\/&amp;source=gmail&amp;ust=1575654874688000&amp;usg=AFQjCNEUvoqMAqj0VlLUaVrvJ1J32EbDZA\" data-mt-detrack-inspected=\"true\" data-mt-detrack-attachment-inspected=\"true\">Asset Management Corporation<\/a>\u00a0of\u00a0<a title=\"Nigeria\" href=\"https:\/\/orientdailynews.com\/nigeria\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/orientdailynews.com\/nigeria&amp;source=gmail&amp;ust=1575654874688000&amp;usg=AFQjCNFSOLre0RlytWbMwKS5ofC5AxIIPg\" data-mt-detrack-inspected=\"true\" data-mt-detrack-attachment-inspected=\"true\">Nigeria<\/a>\u00a0(AMCON) under the Consent Judgment delivered in Suit No. FHC\/ABJ\/CS\/714\/2012 on the 1st day of July, 2013 in partial payment of the Indebtedness of Capital Oil and Gas Industries Limited with a view to defeating the realisation of the said judgment debt of Capital Oil and Gas Industries Limited to AMCON, then standing In the sum of 135 Billion Naira contrary to Section 54(1)(a) and (d) of\u00a0<a title=\"Posts tagged with the asset management\" href=\"https:\/\/orientdailynews.com\/the-asset-management\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/orientdailynews.com\/the-asset-management\/&amp;source=gmail&amp;ust=1575654874688000&amp;usg=AFQjCNELJIKCZKttaL99DmoZdyEyvpPK3Q\" data-mt-detrack-inspected=\"true\" data-mt-detrack-attachment-inspected=\"true\">the Asset Management<\/a>\u00a0Corporation of\u00a0<a title=\"Nigeria\" href=\"https:\/\/orientdailynews.com\/nigeria\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/orientdailynews.com\/nigeria&amp;source=gmail&amp;ust=1575654874688000&amp;usg=AFQjCNFSOLre0RlytWbMwKS5ofC5AxIIPg\" data-mt-detrack-inspected=\"true\" data-mt-detrack-attachment-inspected=\"true\">Nigeria<\/a>\u00a0Act, 2010 (as amended).<\/p>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The government\u2019s planned arraignment of Sen. Ifeanyi Ubah over alleged false claims and an indebtedness of N135 billion to the\u00a0Asset Management Corporation\u00a0of\u00a0Nigeria\u00a0failed to take place on Wednesday at a federal&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":24947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-70733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ifeanyi Ubah\u2019s N135bn fraud case gets February 2020 date - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/ifeanyi-ubahs-n135bn-fraud-case-gets-february-2020-date\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ifeanyi Ubah\u2019s N135bn fraud case gets February 2020 date - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The government\u2019s planned arraignment of Sen. 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