EFCC Drags Goodie Ibru, 3 firms To Court Over Alleged N1.3bn fraud
CHIEF Goodie Ibru, the elder brother to the publisher of The Guardian, the late Mr. Alex Ibru, has been charged before a Lagos High Court over his alleged role in alleged N1.3 billion fraud.
According to the charge filed before Justice Raliatu Adebiyi by the Economic and Financial Crimes Commission (EFCC), Ibru was said to have conspired with three corporate organizations, Associated Ventures International Limited, IHL Services Limited and Clearview Investment Limited, to allegedly commit the fraud between 2010 and this year.
The EFCC in the 11-count charge alleged that Ibru and the three companies between January and December 2010 conspired to steal and fraudulently converted N867,700,900 property of Ikeja Hotels Plc.
Besides, the anti-graft agency said EFCC that between June and October 2010 within Lagos judicial division, Ibru and the corporate organizations jointly conspired with intent to defraud, converted N55.1 million property of Ikeja Hotels Plc to personal use.
The prosecution claimed that the suspects used another company, Sherwood Limited as a conduit pipe to fraudulently siphon the N55 million from Ikeja Hotels.
The four defendants were also alleged to have fraudulently received £10,075 through Sherwood Nigeria Limited as profit due to Ikeja Hotels Plc.
Also, EFCC alleged that between March and October 2010, the four defendants unlawfully converted $13,373 belonging to Ikeja Hotels Plc to personal use through Sherwood Limited (Managers of Sheraton Hotels, Ikeja.)
According to the prosecution, the four defendants in February 2011 fraudulently converted to personal use N27.5 million of Ikeja Hotels Plc. The fourth defendant, Clearview Investment Limited was alleged to have been used as a conduit pipe for the controversial deal.
Between January and February this year, EFCC alleged that the four defendants dishonestly converted N21.3 million of Ikeja Hotels Plc to their personal use alleged to have been unlawfully received through Sherwood Limited.
According to the charge, between April and October 2011, the accused allegedly converted N120.5 million, property of Ikeja Hotels Plc to their personal use which they allegedly received through Sherwood Limited.
The offences, according to the prosecution, are contrary to and punishable under Sections 16, 370 (7) (b) and 9 of the Criminal Code Cap C.17 Vol. 11 Laws of Lagos State of Nigeria 2003.