Anambra Gov Aspirant Ifeanyi Uba Arrested for N22.4bn Kerosene Subsidy Fraud

Nigeria – According to PointBlank News, Ifeanyi Uba is the reason Nigerians buy kerosene at N150/litre instead of the stipulated N50/litre. Excerpt: The Police Special Fraud Unit has arrested one, Mr Ifeanyi Uba, the Managing Director of Capital Oil & Gas Industries Ltd over the involvement of his firm in a N22.4 Billion subsidy fraud. Uba who is rumored to be nursing the ambition to take over from Mr. peter Obi as the next Governor of Anambra State was arrested at exactly 2.00pm tuesday. He was accompanied by his lawyers for an interogation. Pointblanknews.com findings revealed that Uba made a whooping N22.4 Billion from the subsidy scam. Sources told Pointblanknews.com that NNPC allocated to Uba’s Capital Oil 75% of kerosene supplies to distribute to the entire country at N50 pump price.