ALLEGED N4.8BN FRAUD: EFCC TO ARRAIGN BILLIONAIRE, IBETO NOV. 3

Famous businessman Chief Cletus Ibeto will be arraigned on Friday, November 3, before the Lagos State High Court sitting in Ikeja by the Economic and Financial Crimes Commission (EFCC) over an alleged N4.8 billion fraud. The trial judge, Justice Ismail Ijelu, had fixed the date on October 5, 2023, following the failure of the businessman to appear before the court for his arraignment.  The EFCC had charged the defendant alongside his companies, Ibeto Energy Development Company and Odoh Holdings Ltd, before the court on a 10-count charge bordering on allegations…

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