The Economic and Financial Crimes Commission (EFCC) says the Chairman of Ibeto Energy Development Company, Cletus Ibeto, has paid back N1.5 billion over the N4.8 billion fraud allegation for which he was charged before the court.
The EFCC counsel, Rotimi Jacobs (SAN), disclosed this to Justice Oyindamola Ogala of the Lagos State High Court sitting in Ikeja, the state capital, on Monday, March 11, 2024.
Rotimi also told the judge that the billionaire businessman paid the money as part of the ongoing plea bargain discussions between the EFCC and the defendants.
N4.8bn fraud: Again, Cletus Ibeto’s absence stalls arraignment
The lawyer added that the defendants have agreed to pay the balance within the next three months.
However, the defence counsel, Adebayo Oshodi, did not deny or confirm the claims.
The defendants, Ibeto and his companies, Ibeto Energy Development Company and Odoh Holdings Limited, are facing a 10-count charge bordering on allegations of conspiracy, fraud, forgery and fraudulent use of documents preferred against them by the EFCC.
The Anglican Bishop of the diocese of Lagos West The Rt. Rev James Olusola Odedeji…
Kaduna State Governor Uba Sani has felicitated Christians in the state, urging them and other…
It was a night of glitz, glamour and celebration at the 18th edition of the…
President Bola Tinubu has felicitated Christians on Christmas celebration in the country, saying the nation…
Governor Uba Sani has inaugurated 12 asphaltic roads within Kaduna metropolis on Tuesday, 10 months…
A Federal High Court sitting in Abuja has remanded the Founder and Chairman of Platform…
This website uses cookies.