Labour Party Candidate, Ubah Visits Burnt Onitsha Market

Mr Patrick Ifeanyi Ubah, the Labour Party candidate in the November 16th Anambra elections visited traders in the polythene dealers market Awada layout in Onitsha Anambra state, following a fire incident which destroyed property.

After assessing the extent of the damage, the governorship candidate, requested for a database of all the polythene dealers whose shops were razed in the fire outbreak and promised to help them get back on their feet.

With Commerce and Trading being one of the main stay of people in the state, Ubah said the Labour Party has the capacity to look at creative ways of harnessing the state’s potentials as well as creating a conducive environment for the market men and women, if voted into power come November the 16th.

Ubah visited the market alongside his running mate,  Mr Emeka Eze, to ascertain the level of damage done.

Losses worth several millions of Naira were recorded in the fire incident.

Anambra Governorship Tussle Begins

Ahead of the November 16 governorship election in Anambra state, candidates of various political parties boast of their capability and determination to take over  the leadership of the state from the ruling All Progressives Grand Alliance (APGA).

In their calculations, almost eight years of the present leadership has left some areas unattended to and at such should let go of power. Some of these parties insist that their grip on the state power and leadership will bring about the needed miracle.

The major political parties all reel out their concerns for the state and reasons why power must change hands come March 17, 2014 in Anambra state.

The major political parties all had their primaries to elect their candidates according to the provisions of the electoral act. Though the Peoples’ Democratic Party (PDP) had their issues to emergence of Senator Andy Ubah under the chairmanship of Ejike Oguebego, the PDP insisted that Tony Nwoye should fly the flag of the party having emerged the winner in the primary conducted by the National Working Committee of the party.

The All Progressives Grand Alliance (APGA) nearly fell victim of double candidacy but it was quickly nipped at the bud as the court order of September 20, 2013 discharged an order recognising Dr. Chike Obidigbo as the party’s candidate but upheld Willie Obiano as the sole candidate of the party.

For the Labour Party (LP) and the All Progressive Alliance (APC) they settled for Ifeanyi Ubah and Senator Chris Ngige respectively.

The candidates represent the different zones of the state. While the PDP and APGA candidates came from the North zone where political leaders from that region insist that they should produce the next governor, the Labour party candidate comes from the South zone and the APC candidate from the Central.

With the parties properly positioned for the coming election, with their flag bearers, mind games and battle of words and boasts on which party is capable of taking over the leadership of the state come March 17, 2014.

The PDP in their effort to take over changed the party slogan to a more effective one with the candidate maintaining that Anambra is a PDP state and so APGA should exit.

For the Labour Party, its candidate that has blazed the trail for campaign ahead of others said labour party is the only party that has a clear cut vision of the solution to Anambra problems which they are prepared to tackle.

Many commentators have said that the APC stands a great chance of victory, going by the political acceptance of its candidate, Senator Chris Ngige, who believes that the party has the panacea for all the diseases of Anambra state which is hinged solely on security infrastructure.

While other parties are working hard to come in, the APGA candidate’s (Willie Obiano) worry is how to fit into the big shoes the incumbent governor, Mr. Peter Obi. He has no shades of doubt that he is taking over.

Capital Oil Advises Access Bank To Cease Media War

Capital Oil & Gas Industries Limited has described recent media statement credited to Access Bank PLC, over disputed loan facilities, as a breach of the terms of settlement signed by the two parties on February 9, 2013.

Capital Oil in a statement issued on Friday expressed displeasure that Access Bank is still conveying erroneous impression to the public by stating that its legal disputes with the bank and Coscharis Motors Limited are on-going.

It will be recalled that a Federal High Court sitting in Lagos on February 18, 2013, voided and set aside an interim report by the police dated November 2, 2012 and the Presidential Committee report which purportedly indicted Capital Oil & Gas Industries Limited/Ifeanyi Ubah and Staff of oil subsidy fraud.

The court also awarded N10million damages in favour of Capital Oil & Gas Industries Limited and Ifeanyi Uba.

In a statement released on Tuesday by the Access Bank’s Secretary/Legal Compliance, Sunday Ekwochi, the bank had claimed that its on-going effort to recover debts allegedly owed it by businessman, Ifeanyi Ubah and his company, Capital Oil and Gas Limited would not be hampered by the judgment.

Wondering what the bank is trying to achieve by provoking an unnecessary media war, Capital Oil expressed the hope that the action is not an indication that Access Bank intends to back out of the terms of the settlement agreement.

The oil company also stated that the Special Fraud Unit of the Nigeria Police Force has cleared its chairman, Ifeanyi Ubah and the company of the indictment by the Presidential Committee on the Verification and Reconciliation of Fuel Subsidy Payments (PC) chaired by Aigboje Aig-Imoukhuede, the Managing Director of Access Bank.

According to the statement, the clearance by the Police was contained in a letter dated February 12, 2013 written to the Minister of Finance, the Inspector General of Police, Ministry of Petroleum Resources, Debt Management Office and PPPRA.

Subsidy scam: Capital oil’s boss regains freedom

The Chief Executive Officer of Capital Oil and Gas Industries Limited, Ifeanyi Uba, who has been in police custody for over two weeks, on Monday regained his freedom.

The Chief Executive Officer of Capital Oil and Gas Industries Limited, Ifeanyi Uba

Mr Uba was arrested by the Nigerian security operatives for his alleged role in oil subsidy theft.
The bail conditions require the Capital oil’s boss to report daily at the Police Special Fraud Unit, Ikoyi.
Court rejects bail request

A Federal High Court Lagos on Monday struck out a bail application filed on the behalf of Chief Executive Officer of Capital Oil and Gas, Ifeanyi Uba, and four others charged with alleged fuel subsidy fraud.

Justice Okon Abang in his ruling described the application as incompetent, defective and incurable by amendment.

Justice Abang also said that counsel to the applicant, Joseph Nwobike had failed to inform the court that the applicants were detained on a subsisting order of remand made by Magistrate Martins Owumi.

He said that this fact was not deposed to by the applicant counsel in their affidavit of urgency before the court; neither did they inform the court that they had a pending bail application before the same magistrates’ court.

“I have gone through the affidavit filed by the applicant counsel, and I find no place where it is stated that there was a subsisting order for remand by the magistrate court.

“I cannot possibly comprehend why the learned SAN (Senior Advocate of Nigeria) has chosen to hide this fact from the court.” He said

He said though the applicants could bring an application for bail before the court, they could not do so under the Fundamental Human Rights Enforcement Procedure Rules.

“Where bail is refused an applicant at the magistrates’ court, he has the right to bring his application before a higher court, but he has to do so within the confines of the law.

“I cannot make findings on the bail application of the applicants, brought pursuant to the Fundamental Human Rights Enforcement Procedure Rules.

“The applicants cannot use this rule to challenge a subsisting order of court. Whether the magistrate had or exceeded its jurisdiction is entirely a different issue.

“The learned SAN should have employed either of three mode in bringing his bail application before this court;

“The applicant could have appealed against the order for remand made by the magistrate, before the High court, pending the arraignment of the applicants, or, apply for an order of Cetorarai, to purge that order, pending their arraignment, or, apply to the high court for a fresh summons for bail pursuant to Section 118 of the Criminal Procedure Act (CPA).

“I cannot consider counsel’s application for the applicants to be released on bail under the fundamental rights enforcement procedure; this relief cannot be sought under that law.

“This is not a sentimental or emotional issue; it is an issue of law, because there already exist a subsisting order of court.

“The police possess the constitutional right to arrest any person accused of committing an offence, even if it is based on suspicion.

“In the final analysis, the preliminary objection of the respondent subsists in part and the application of the applicants struck out, with no order as to cost. I so hold” Justice Abang ruled.

Mr Nwobike in his remark informed the court that the applicants had already been admitted to administrative police bail on Friday Oct. 19 by the SFU.

Ifeanyi uba, Nsika Usoro, Godfrey Okorie, Chibuzor Ogbuokiri, and Joseph Orji, were ordered to be remanded on 11 October by Magistrate Martins Owumi of a Tinubu Magistrates’ court, for 14 days at the special fraud unit (SFU).

The order for remand was made based on an application for remand signed by Superintendent of Police of the SFU, Effiong Asuquo, against the five suspects over an alleged fuel subsidy fraud.

Mr Asuquo had stated that the suspects were reasonably suspected to have committed the offences of economic sabotage, obtaining money by false pretence, stealing of N43.291 billion, property of the Federal Republic of Nigeria, money laundering and forgery.

He had further alleged that the fraud was discovered by the Presidential Committee on the Verification and Reconciliation of Fuel Subsidy Payments Auditors, and reported to the SFU, Ikoyi

Mr Nwobike had filed an exparte bail application before the court under the fundamental human right enforcement procedure rules, seeking an order for release of the applicants on bail.

This exparte motion was however converted by the judge to a motion on notice, and time abridged in favour of the respondents to respond.

Subsidy scam: court denies Ubah, Capital oil management bail

The embattled CEO of Capital Oil and Gas, Ifeanyi Ubah, has again been denied a bail application by a Federal High Court sitting in Lagos.

The court also denied some of Mr Ubah’s senior executive staff namely Nsikan Usoro (Head of Trading), Godfrey Okorie (Depot Manager), Chibuzor Ogbuokiri (General Manager, Operations) and Orji Joseph Anayo (Executive Director, Operations).

The Capital Oil management had approached the court through an ex-parte application seeking for bail from police detention.

However, Justice Okon Abang, in his ruling denied their application and asked them to inform the respondents through a motion on notice. The case is to be reheard today.

The respondents in the case are the Inspector General of Police, Lagos State Commissioner of Police, and a Chief Superintendent of Police with the Special Frauds Unit.

The suspects are in custody for their alleged involvement in a fuel subsidy scam that cost Nigeria N43.29 billion.

They stand accused of defrauding the Federal Government “by falsely pretending that the company had imported and sold 538, 74 million litres of Premium Motor Spirit (pms) during the 2011 fiscal year through 26 transactions.”