Crimes

N4.8bn Fraud: Court orders arrest of billionaire Cletus Ibeto

A bench warrant for the arrest of a billionaire businessman, Chief Cletus Ibeto, has been issued by Justice I.O. Ijelu of the Lagos State High Court sitting in Ikeja, Lagos.

The warrant of arrest was issued against Ibeto on Friday, November 3, 2023, for failing to appear in court for his arraignment over an alleged N4.8 billion fraud.

How Dangote tried to ruin our cement, sugar businesses – BUA

The Judge had, on October 5, 2023, adjourned till November 3, 2023, the arraignment of Ibeto alongside Ibeto Energy Development Company and Odoh Holdings on 10-count charges bordering on obtaining by false pretences, fraudulent conversion of property, criminal breach of trust, forgery and deception, following an application and appeal by his lawyer, Onyechi Ikpeazu (SAN).
However, at Friday’s  proceedings, Ibeto was, again, absent in court.
After listening to all the arguments, Justice Ijelu, in his ruling, held that the defendant must take his plea before any application could be taken.

“The notice of preliminary objection filed in this case as referred by the defence counsel is challenging the jurisdiction of the court. The law is that jurisdictional issues can be raised at any time in the proceedings. However, the court is of the view that the question of jurisdiction should not be employed to delay the dispensation of justice.

“From the record of this court, it appears evident that an attempt is being made to shield the defendant from arraignment in this case under so many disguises. In the circumstance, the court holds that defendants have to take their pleas and thereafter bring their objection, which the court should consider along with the substantive issues and a ruling made,” he said.
Thereafter, EFCC lawyer, Rotimi Jacobs (SAN) applied to the court for the issuance of a bench warrant for the arrest of the defendant.

Ibeto’s lawyer, D. A. Awosika (SAN) told the court that the defendant was old and had underlying health issues. He, therefore, raised an objection to the application, arguing that “there’s no basis for the bench warrant.”
The court, however, held that there was no cogent reason placed before the court for the continuous absence of the defendant.
The objection of the defence to the application for a bench warrant was, thereafter, dismissed by the trial judge.
Justice Ijelu held that “ The application for bench warrant succeeds, and this case is further adjourned till November 15, 2023 for arraignment.”

The Star

Editor

Share
Published by
Editor

Recent Posts

Check Opportunities migrates to Gidanmu platform One of Nigeria’s leading platforms for accessing information on scholarships, grants, and educational opportunities, Check Opportunities, has officially announced its migration to Gidanmu. For years, Check Opportunities has been a trusted resource for students, professionals, and opportunity seekers across Nigeria, offering timely and reliable updates on scholarship openings, academic grants, and global learning opportunities.  The migration to Gidanmu marks a significant step towards enhancing user experience, improving access to resources, and broadening the platform’s reach. According to the management, this transition aims to provide a more seamless and user-friendly interface while integrating advanced tools to ensure users can effortlessly access verified opportunities. Users are encouraged to follow the transition updates closely and ensure their accounts are fully migrated to the new platform. This move underscores Check Opportunities’ commitment to innovation and continuous improvement in delivering value to its growing community. “We are excited about this migration to Gidanmu, which represents a bold step towards better service delivery and an enhanced user experience for all our stakeholders,” said Temple Alowolodu, the CEO of Check Opportunities. For further details and updates, users are encouraged to visit Gidanmu and stay tuned for announcements on the official social media channels. The Star

One of Nigeria's leading platforms for accessing information on scholarships, grants, and educational opportunities, Check…

10 mins ago

FG: No plans to sponsor terrorist attacks in Niger Republic

The Federal Government has condemned the allegations made in a viral video by the military…

1 hour ago

Osimhen gifts 2,000 tricycles, food items to Lagos residents

Super Eagles striker, Victor Osimhen, has distributed 2,000 tricycles, bags of rice, cartons of noodles…

2 hours ago

4 drug kingpins jailed, forfeit houses, N67m, $50,000 to FG

Four drug kingpins arrested in connection with the seizure of 2,139.55 kilograms of cocaine at…

5 hours ago

Group to FG: Implement 2025 budget with human face

A non-governmental organisation, the Christain Conscience, has urged the federal government to implement the 2025…

7 hours ago

Good destroyed as fire guts Anambra shops on Christmas day

Fire, in the early hours of Wednesday, December 25, 2024, gutted some shops near the…

11 hours ago

This website uses cookies.