• About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, July 1, 2025
Anambra people magazine
  • Home
  • POLITICS
  • GENERAL
  • CRIME
  • ANAMBRA TV
  • EDUCATION
  • BUSINESS
  • ENTERTAINMENT
  • EVENTS
  • ANAMBRA @30
  • DIASPORA
  • Sports
No Result
View All Result
  • Home
  • POLITICS
  • GENERAL
  • CRIME
  • ANAMBRA TV
  • EDUCATION
  • BUSINESS
  • ENTERTAINMENT
  • EVENTS
  • ANAMBRA @30
  • DIASPORA
  • Sports
No Result
View All Result
Anambra people magazine
No Result
View All Result
Home ANAMBRA TV

N4.8bn fraud: Ibeto begging for out-of-court settlement, says EFCC

Onyeka by Onyeka
January 26, 2024
in ANAMBRA TV
Onitsha South stakeholders want EFCC, ICPC to investigate Emeka Asoanya
Share on FacebookShare on TwitterShare on Whatsapp

The Economic and Financial Crimes Commission says the Chairman of Ibeto Energy Development Company, Cletus Ibeto, charged with N4.8bn alleged fraud, has approached the commission seeking to settle the case out of court.

The EFCC charged Ibeto alongside his companies, Ibeto Energy Development Company and Odoh Holdings Ltd, with 10 counts, bordering on conspiracy, fraud, forgery and fraudulent use of documents.

But Ibeto has failed to appear before the Lagos State High Court in Ikeja for his arraignment.

Justice Ismail Ijelu, on November 3, 2023, ordered his arrest after he failed to appear before the court on four different occasions to take his plea, despite repeated hearing notices served on him.

However, the defendant approached the Appeal Court to seek the nullification of the arrest warrant issued against him by the court.

RelatedPosts

Residents Protest High Electricity Bill from EEDC In Anambra.

Panic as Trader Confesses Killing Businessman, Children, Women in Anambra Community.

Rector’s alleged TETFund portfolio, funds’ diversion unfounded, defamatory – Fed Poly Oko

Meanwhile, at the last hearing of the appeal, Ibeto’s lawyer, Wole Olanipekun (SAN), leading two other Senior Advocates of Nigeria, Uche Obi (SAN) and Bode Olanipekun (SAN), informed the court that they were prepared to proceed with the hearing of the appeal.

But counsel for the EFCC, Rotimi Jacobs (SAN), instead informed the court that there were serious indications by the parties to have the matter settled amicably out of court and suggested that a chance be given to such initiative instead of proceeding with the hearing of the case.

“Ibeto has approached the EFCC seeking to enter a plea bargain arrangement and has also stated that he would pay back the money he obtained from the nominal complainant, Daniel Chukwudozie,” Jacobs said.

Following the development, the three-man panel of the Court of Appeal, led by Justice Muhammed Mustapha, adjourned the case till May 7, 2024, for the hearing of interlocutory applications and the main appeal.

Other panel members are Justice Folashade Ojo and Justice Abdullahi Bayero.

About Author

Onyeka

See author's posts

Previous Post

Anambra Judge Threatens to Boycott Sitting Over Disobedience To Court Orders,Lawyer Accuses Soludo.

Next Post

INEC promises free rerun in Anambra

Onyeka

Onyeka

Next Post
INEC promises free rerun in Anambra

INEC promises free rerun in Anambra

Recent News

BREAKING: Police Burst Cache of Looted Property in Anambra as Witchdoctor Catches Kidnapper in Bush

Ebonyi Natives Slaughtered in Anambra Meeting, Police Launch Manhunt

July 1, 2025
Anambra Teaching Hospital Clears Air Over Missing Finger in its Mortuary.

Anambra Teaching Hospital Clears Air Over Missing Finger in its Mortuary.

July 1, 2025
Tension: Anambra traders to protest arrest of 2 market chairmen by DSS

How a Courageous Driver Foiled Attempt to Rob Passengers Inside His Bus in Anambra.

July 1, 2025
ANSEC Awards Contract For Construction Of Specialist Hospital At FEGGE And General Hospital, Oroma Etiti

Soludo Set to Build Another Fun City.

July 1, 2025

Most Read

No Content Available

Copyright © ANAMBRA PEOPLE MAGAZINE. All rights reserved.

No Result
View All Result
  • Home
  • POLITICS
  • GENERAL
  • CRIME
  • ANAMBRA TV
  • EDUCATION
  • BUSINESS
  • ENTERTAINMENT
  • EVENTS
  • ANAMBRA @30
  • DIASPORA
  • Sports

© wordpress-1211428-4405999.cloudwaysapps.com