Barely two weeks after Senator Patrick Ifeanyi Ubah joined the ruling All Progressives Congress (APC), the Federal Government has withdrawn the criminal charges preferred against him and his oil firm, Capital Oil and Gas Limited.
Justice Nicholas Oweibo of the Federal High Court sitting in Lagos on Wednesday struck out the charge filed by Asset Management Corporation of Nigeria, (AMCON) against Senator Ifeanyi Patrick Ubah and his company, Capital Oil and Gas Limited over alleged N135billion indebtedness.
The Judge struck out the suit following an oral application by Counsel to AMCON, Oluwaseun Onabowu, seeking withdrawal of the suit.
At last sitting when Senator Ubah was to take his plea, he was not in court. Consequently, the court directed that criminal summons be issued on him and his company, Capital Oil and Gas Limited if he fails to appear on October 18 for arraignment.
At the proceedings of the suit on Wednesday, counsel to the complainant informed the court that consent Judgements had been reached by parties in other sister cases in Abuja, the Federal Capital Territory (FCT).
He consequently urged the court to strike out the charge filed against the defendants.
Also, counsel to the defendants, Mrs Ifeoma Esom confirmed to the court that agreements have been reached with the complainant.