The Federal High Court sitting in Lagos State has issued criminal summons on Senator Ifeanyi Ubah and his company, Capital Oil and Gas Limited in Charge No. FHC/L/383C/2019 pending before Justice Oweibo.
Recall that the Nigerian government commenced criminal prosecution against Ubah in an 8-count charge in 2019 on account of his indebtedness to Asset Management Corporation of Nigeria, which includes conspiracy to make false claims in relation to the actual values of certain assets transferred to AMCON under a consent judgment obtained in 2012, in violation of Section 54 of the AMCON Act.
The Counsel to the Defendants, Mrs Ifeoma Esom, also told the court that the matter was for report of settlement and that they were just informed on Tuesday that settlement had failed and it was on the basis of settlement that the 1st Defendant was not in court. She added that the best that can happen is a plea bargain, and that settlement outside of court does not give the 1st Defendant, Senator Ubah, the authority to be absent from court.
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