__The offence carries a punishment of no less than seven years and no more than 20 years imprisonment without the option of a fine.
The Economic and Financial Crimes Commission (EFCC) will arraign businessman Chief Cletus Ibeto alongside his company, Ibeto Energy Development Company, on Thursday, October 5, on a 10-count charge bordering on allegations of obtaining by false pretences, fraudulent conversion of property, criminal breach of trust, forgery and deception.
The duo are to be arraigned before Justice Ismail Ijelu of the Lagos High Court, Ikeja, alongside another company linked to ibeto, Odoh Holdings Ltd.
Channels Television obtained a copy of the charge which was signed in April 2023 by the Head, Legal of the EFCC, Gbolahan Latona.
Count 1 of the charge says that Chief Cletus Ibeto, Ibeto Energy Development Ltd and Odoh Holdings Ltd between June 2016 and May 2017 within the jurisdiction of the court by false pretence and with intent to defraud, obtained from Dozzy Oil & Gas Ltd and Sir Daniel Chukwudozie, the sum of N4.8bn purporting same to be consideration for 22.6536 hectares of land which he claimed to have at the end of Reclamation Road Layout, Port Harcourt, Rivers State by a deed of sublease executed by Odoh Holdings and Ibeto Energy Development Ltd when he only had 7.9 hectares of the said land.
Count 2 states that the defendants obtained N2.5bn from their victim as consideration for a non-existent 14.1 hectares of land while count 3 claims that they forged certain documents.
In Count 3, the defendants on or about January 30, 2018, allegedly with intent to defraud forged a Deed Of Sublease between Odoh Holdings Ltd and Ibeto Development Ltd purportedly, registered as No 47, Page 47, Vol. 280 of the Lands Registry, Rivers State wherein they claimed that Odoh Holdings Ltd acquired leasehold interest in respect of 22.6536
The offence carries a punishment of no less than seven years and no more than 20 years imprisonment without the option of a fine.
News Credit: Channelstv
About Author
