Alleged N4.8bn Fraud: Again, Court Adjourns Ibeto’s Appeal, Announces New Date

  • Justice Muhammed Mustapha adjourned till September 16, 2024, the hearing of the appeal filed by billionaire businessman, Cletus Ibeto
  • The court of appeal sitting in Lagos gave the ruling after Ibeto’s and EFCC’s lawyers informed the court that the parties are in the process of settling the matter
  • The EFCC’s lawyer said Ibeto had been making payments in line with the settlement proposal agreed upon between the parties

TheTalk.NG journalist Adekunle Dada has over 5 years of experience covering metro and government policy

Lagos state – The court of appeal sitting in Lagos has adjourned the hearing of the appeal filed by the Chairman of Ibeto Energy Development Company, Cletus Ibeto, over an alleged N4.8 billion fraud.

Justice Muhammed Mustapha adjourned till September 16, 2024, to await the report of settlement talks between the Economic and Financial Crimes Commission (EFCC) and the appellant.

Court adjourns Ibeto’s appeal over alleged N4.8bn fraudCourt adjourns Ibeto’s appeal to Sept. 16
Photo credit: @/ifeanyiakorjuruSource: UGC

Justice Ismail Ijelu had ordered the arrest of the Nigerian billionaire businessman after he failed to appear in court on at least four occasions to take his plea despite repeated hearing notices served on him.

Ibeto filed an appeal before the Appeal Court against his arrest order, formulating seven grounds for appeal, Channels Television reports.

On Tuesday, May 7, Justice Mustapha sitting alongside other panel members, Justice Abdullahi Mahmud Bayero, and Justice Paul Bassi suspended the enforcement of the bench warrant issued on November 3, 2023, against the appellant by Justice Ijelu.

The justices suspended the warrant after Ibeto’s lawyer, Chief Wole Olanipekun (SAN) and the EFCC’s counsel, Adebisi Adeniyi, informed the court that the parties are in the process of settling the matter.

They disclosed that Ibeto has so far refunded about N1.7 billion to the Commission.

The EFCC’s lawyer said Ibeto had been making payments in line with the settlement proposal agreed upon between the parties.

Adeniyi said it might therefore not be appropriate to go ahead with the appeal as it had become an academic exercise.

Olanipekun confirmed that they’re resolving the issue according to a Rivers State High Court decision.

He appealed to the court to revoke the bench warrant against his client, as the Appeal Court has yet to take up the case.

In a short ruling, Justice Mustapha held that:

“The bench warrant is now suspended and we encourage parties to continue with the negotiations until the next adjourned date of September 16”.

Court discloses date to hear Ibeto’s application

TheTalk.NG earlier reported that Justice Oyindamola Ogala adjourned the case to May 27, 2024, over an application challenging the court’s jurisdiction to hear the charge.

The EFCC had charged Ibeto on a 10-count charge of conspiracy, fraud, forgery, and fraudulent use of documents.

Source: TheTalk.NG

Bandits in Zamfara: Gov Lawal Asked to Explain Source of Video Attempting to Indict Matawalle
Citizens United Against Terrorism (CUAT) has accused Zamfara State Governor Dauda Lawal of having connections with bandits The group also questioned the source of a video attempting to link Governor Lawal’s predecessor, Minister of State Defence Bello Matawalle, to banditry CUAT called for an investigation into Governor Lawal’s alleged connections with bandits and his handling ... Read more Continue reading here ▶

“If We Neglect This”: Atiku Speaks on Dangote’s Dilemma
Atiku Abubakar, the PDP presidential candidate in the 2023 election, has called on the federal government to protect the Dangote Refinery The former vice president maintained that Nigeria is at risk of losing foreign direct investments should the Dangote Refinery not work According to Atiku, Dangote is the largest private investment Nigeria ever had, and ... Read more Continue reading here ▶

Recognise Military Wives as “Home Warriors”, Chief of Naval Staff’s Wife Declares
The wife of Nigeria’s chief of the naval staff (CNS), vice admiral Emmanuel Ogalla, has said the challenges of officers’ wives, ratings’ partners, or military spouses are the same Ijeoma Blessing Ogalla said military men’s immediate family members are confronted with the challenge of lack of communication TheTalk.NG reports that the Nigerian military is regarded ... Read more Continue reading here ▶

“Petrol Should’ve Been N100”: Primate Ayodele Makes Prediction Amid Dangote’s Rift With Regulator
Primate Elijah Babatunde Ayodele has said the Dangote refinery would not solve the fuel crisis in West Africa’s largest economy, Nigeria TheTalk.NG reports that Nigeria is one of Africa’s top crude oil producers, but gasoline shortages are common The Dangote refinery was conceived as a solution to the country’s perennial fuel shortage, but the founder, ... Read more Continue reading here ▶

“It’s Political”: FCT Minister Wike Speaks on Planned Nationwide Protest
Minister of the Federal Capital Territory (FCT), Nyesom Wike, criticized the proposed nationwide protest, describing it as politically motivated During an inspection of the Apo-Karshi road in Abuja, Wike urged Nigerians to be patient, emphasizing that many people expect instant results He assured the public that President Bola Tinubu’s administration is working diligently to deliver ... Read more Continue reading here ▶

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Adblock Detected, Please disable your adblock to continue browsing this website