EFCC to arraign Ibru for alleged N1bn fraud

Related stories

[Video] Truck plunges from Lagos bridge, lands on commercial buses 

  A truck on Saturday plunged from the Pen Cinema...

Asean to team up on US tariffs

The Association of Southeast Asian Nations (Asean) has agreed...

Russia-Ukraine War: Trump Weighs in Again, Questions Putin’s Goal on Ending War…

By Olawale Olalekan United States President Donald Trump has expressed...

Tears As Pope Francis Is Finally Buried at Santa Maria Maggiore Basilica

By Abiola Olawole Pope Francis has been laid to rest...

Champions League: How Chelsea Trashed Everton, Secures 3 Points Against Everton in League Push

By Abiola Olawale Chelsea bolstered their Champions League qualification hopes...

Goodie-Ibru-360x231The Economic and Financial Crimes Commission has filed 11 counts of fraud against the former Chairman of Ikeja Hotels Plc, Mr. Goodie Ibru, for allegedly defrauding the hotel to the tune of N1bn.

A copy of the charge sheet obtained by our correspondent on Sunday, was filed before Justice Raliatu Adebiyi of the Lagos Division of the Lagos State High Court.

Ibru was charged alongside three companies – Associated Ventures International Limited, IHL Services Limited and Clearview Investment Limited.

The EFCC, in one of the counts, alleged that Ibru and his co-suspects conspired amongst themselves to steal a sum of N867,700,990.00 being the profit due to Ikeja Hotels Plc, adding that the suspects received the stolen sum through Starwood Limited, the managers of Sheraton Hotels, Ikeja. The alleged offence was said to be committed between January and December 2010

In another of the counts, the EFCC alleged that the suspects, had between June and October 2010, with an intent to defraud, fraudulently converted to their personal use, a sum of N55,102,485.50 received through Starwood Limited as profit due to the hotel.

The EFCC further alleged that the suspects, with an intent to defraud, fraudulently converted to their personal use, various sums received through Starwood Limited as profit due to the hotel.

EFCC alleged that the defendants also, with an intent to defraud, fraudulently converted to their personal use a sum of N27, 508,766.25 sometime in February 2010 – property of Ikeja Hotels Plc which sum was said to have been received through Clearview Investment Limited as proceeds of the sale of Ikeja Hotels property.

According to the anti-graft commission, these alleged offences committed by the suspects are contrary to sections 516, 370(7)(b) and 9 and 278(1)(b) and 285(8) and 9(b) 0f the Criminal Code Cap C. 17, Vol. 11, Laws of Lagos State of Nigeria, 2011.

No date has been fixed for the arraignment of the suspects.

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

Latest News
[Video] Truck plunges from Lagos bridge, lands on commercial buses Asean to team up on US tariffsRussia-Ukraine War: Trump Weighs in Again, Questions Putin’s Goal on Ending War...Tears As Pope Francis Is Finally Buried at Santa Maria Maggiore BasilicaChampions League: How Chelsea Trashed Everton, Secures 3 Points Against Everton in League Push"How I stole Over N6billion", Osun Monarch, Apetu of Ipetumodu, Pastor Plead Guilty to Fraud in USRivers Crisis: There'll Only Be Peace If... Wike Gives TermsAlleged CBEX N1.3 Trillion Scam: EFCC Escalates Fight Against Fraudsters, Declares Eight Persons WantedUK Deports 43 Immigration Offenders to Nigeria, Ghana in Latest Crackdown‘I Remain Committed to LP, No Plans to Join APC’ – Otti Quells Defection Rumors[PHOTOS] Trump, Macron, Zelensky, Javier Milei, Keir Starmer, Other World Leaders Attend Pope Francis’s Funeral At the Vatican CityWike vs Douye Diri: Chaos As Gunshots Disrupt Pro-Wike Rally In BayelsaTribunal Verdict: WhatsApp Challenges FCCPC’s $220m Fine, Seeks Stay Of OrderHow 1,300 Nigerians Secured US Asylum In 3 Years -- EOIRNigeria’s Banking and Financial Services Sector in 2030
X whatsapp