Anti-corruption and elections / EFCC

Alleged N4.8bn Fraud: Court Adjourns Cletus Ibeto’s Trial Till Oct 24

Justice Oyindamola Ogala of the Lagos High Court sitting in Ikeja, on Thursday, July 4, 2024, adjourned till October 24, 2024 further hearing in the alleged N4.8bn fraud trial involving Cletus Ibeto, Chairman, Ibeto Energy Development Company. Ibeto alongside Ibeto Energy Development Company and Odoh Holdings Ltd are to be arraigned by the Economic and Financial Crimes Commission, EFCC, on 10-count charges bordering on allegations of obtaining by false pretences, fraudulent conversion of property, criminal breach of trust, forgery and deception to the tune of N4.8bn. Count one reads: "That Chi…