We reported it here earlier today that oil mogul and billionaire businessman, Dr. Ifeanyi Ubah, was facing sanctions for his role in the violence that erupted during a Nigeria Premier League game between his club, FC Ifeanyi Ubah, and Heartland FC where he was captured on camera slapping Mikel Obi's brother, Ebele Obi who is the goalkeeper for Heartland.

 

It has now been revealed that the Nigeria’s League Management Company (NLMC) has slammed a N2.5 million fine and a 10-match ban on the businessman mogul, as the LMC toughened its punishment for Ubah after video evidence nailed him.

 

In a statement on Thursday, the regulator said that the billionaire businessman can appeal against the ruling if he deems so.

 

The statement read: "Chief Dr Ifeanyi Ubah, proprietor of FC Ifeanyi Ubah, is suspended from all NPFL match venues for the next 10 matches.

 

"He has now been fined N2.5m because LMC found him guilty of encroaching field of play & assaulting Heartland player Ebele Obi.

 

"The fabled billionaire is expected to offer a letter of apology & an undertaking to be a good ambassador of the NPFL.

 

"The LMC further bans all self- procured security services other than those sanctioned by the LMC from all NPFL match venues henceforth. Four of the 10-match NPFL ban is suspended for a probationary period till the end of the season.

 

"Ubah has up till 5pm on Saturday to appeal this decision if he objects the ruling," the statement concluded.