Police detectives from the Special Fraud Unit, Ikoyi, Lagos, on Wednesday swooped on the Omole Phase 2 residence of detained managing director of Capital Oil and Gas Industries Ltd, Mr. Ifeanyi Uba and carted away some documents.
The team led by a police superintendent was said to have also driven away with three posh cars, belonging to the oil magnate, after ransacking the Ubas home.
It was not immediately clear, on whose order the team acted, as sources familiar with the investigation wondered what could have led to the invasion and confiscation of the property of the detainee, who has been in the custody of the SFU since October 9. The sources also noted that all documents relating to those transactions under scrutiny had since been submitted to the police.
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