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₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC - Politics - Nairaland

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₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Thissystem: 6:27am On Mar 12
The Economic and Financial Crimes Commission, EFCC, has told Justice Oyindamola Ogala of the Lagos High Court sitting in Ikeja that the
Chairman of Ibeto Energy Development Company, Cletus Ibeto, has paid back N1.5 billion in two tranches in respect of the N4.8 billion fraud allegations for which he was charged before the court.

Counsel to the EFCC, Rotimi Jacobs, SAN, disclosed this to Justice Ogala on Monday.

He also told the judge that the defendant paid the money as part of the ongoing plea bargain discussions between the anti-graft agency and
the defendants.

Rotimi explained that the defendants have agreed to pay the balance within the next three months.

Counsel to the defendants, Adebayo Oshodi, did not deny or confirm the claims.

The defendants, Ibeto and his companies, Ibeto Energy Development Company and Odoh Holdings Ltd, face a 10-count charge bordering on
allegations of conspiracy, fraud, forgery and fraudulent use of documents brought against them by the EFCC.
https://dailypostngr.com/2024/03/n4-8bn-fraud-ibeto-refunded-n1-5bn-settled-for-plea-bargain-efcc/

14 Likes 5 Shares

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Thissystem: 6:28am On Mar 12
Fraud smelling everywhere in Naija! What’s going on??

And, who’s been auditing all the recovered fund to tell us how they are being invested to avoid re-looting and subsequent Tales by moonlight in the future?

68 Likes 6 Shares

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by omenka1: 7:02am On Mar 12
Returned money to be re-looted by someone else in authority, that's the way it works in my CORNtree

138 Likes 3 Shares

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by vowiski(m): 7:02am On Mar 12
Why wasn’t Dangote charged after what He did with Emifele..?

Oh, he is from the untouchable tribe in Nigeria

135 Likes 12 Shares

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Ancecoker(m): 7:02am On Mar 12
grin
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by brainpulse: 7:02am On Mar 12
The rate at which financial and moral corruption is bedeviling this country is just too much.

116 Likes 2 Shares

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Engrbee(m): 7:03am On Mar 12
Corruption will kill nigeria

1 Like

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Sirmwill: 7:04am On Mar 12







In a country like China,he would face firing squad 😑






18 Likes 1 Share

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by wizelink(m): 7:04am On Mar 12
Okay good to know
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by RichIgboBoy: 7:05am On Mar 12
They’re only going after Ibeto and Innoson

129 Likes 5 Shares

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by donleo92(m): 7:05am On Mar 12
this money is much oh.

but after the government recovers this money, what next?

I feel the Efcc needs to be investigated first. like a proper audit needs to be done on that government agency.

6 Likes

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by miniziter(m): 7:05am On Mar 12
Recovered to be re-looted.

24 Likes

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by princemillla(m): 7:05am On Mar 12
Nija my country.

Out of every 10 millionaire in this country, it will b hard to see 1 making money legitimately. So sad

18 Likes 4 Shares

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by nairalandankrah: 7:05am On Mar 12
T
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by slowice(m): 7:06am On Mar 12
The other ones fraudulent dealings with emefiele is well documented but no one is going after him.

22 Likes 2 Shares

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by meolaniyi(m): 7:06am On Mar 12
When
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Blackfire(m): 7:06am On Mar 12
Ibeto has paid



grin
When will dangote pay

29 Likes

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by AustineE1: 7:06am On Mar 12
See how quick the news got to the frontpage,so that the slippery tribe will masturbate over it...Btw isn't it obvious that EFFC more often than not,prey more on certain individuals from certain parts of Nigeria while turn a blind eye when it gets to those two tribes that over the years has continuously looted and squandered the common patrimony of the Nigerian people by virtue of their long stay in power.For example,look at the top custom officers whom were found guilty of collecting bribes running into billions but because they are from those two tribes that has strangulated this country,they were treated with kid glooves and made to pay in a little part and they are now Free men back to their posts.
However and as usual we Igbos dont hold brief for our brothers if they commit crimes,they should pay for it.

32 Likes 1 Share

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by HeadNigga: 7:06am On Mar 12
Hmm
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by princemillla(m): 7:06am On Mar 12
Engrbee:
Corruption will kill nigeria

Not will, it has killed Nigeria.
If you travel out of this country. You will b double checked if all is going smooth with you

2 Likes

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by slipperyanus07: 7:07am On Mar 12
Show me a billionaire without any trace of crime

7 Likes

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by datola: 7:08am On Mar 12
So' it's not witch hunting case after all.

2 Likes 1 Share

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Lovenorth: 7:08am On Mar 12
What is the different between him and the bandits that demanded over thirty trillion?

3 Likes

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by annyz: 7:10am On Mar 12
So no fraud traced from Dangote?
Upon all conivals?

Okay naa.......

13 Likes

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Xwizard: 7:11am On Mar 12
God what’s all this rubbish going on self

1 Like

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by ppogba: 7:11am On Mar 12
vowiski:
Why wasn’t Dangote charged after what He did with Emifele..?

Oh, he is from the untouchable tribe in Nigeria

Typical!

Where is Mmesoma?

Always defending the indefensible with irrational ethnic irrationality.

19 Likes 1 Share

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by money121(m): 7:11am On Mar 12
Chaii
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by DaddyYankee: 7:13am On Mar 12
vowiski:
Why wasn’t Dangote charged after what He did with Emifele..?

Oh, he is from the untouchable tribe in Nigeria
Charged for what?


Carry your family go charge am nah! Who's stopping you?

8 Likes 1 Share

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by malali: 7:14am On Mar 12
Good Job,

But dont forget, Whats good for the goose is good for the Gander.
EFCC should be releasing daily news, Once in 6 months apprehension doesnt justify the existence of the whole agency.
Announce whistle-blowing phone numbers.
Announce email addresses where fraud allegations evidence can be sent to.
The world has advanced so much, you can have a lot of evidence sent to you as long as you always protect your source.

Once everyone knows, that the fraud could be detected and reported anonymously, it will cut down corruption by at least 50-80%.
If you see something funny going on send an email to us, send us a text with evidence, we will investigate the rest.

Not until you get that serious all these showboating wont curb the degree of corruption we have in Nigeria.

2 Likes 1 Share

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Chucks13: 7:14am On Mar 12
I respect Ibeto for this courage not like OUK who claimed "mere" N7billion and small small boys dragging him and if N7billio is "mere" why not pay it to avoid being drag by boys who should have be your cleaner in real sense?

One misinformed guy came here was boasting of OUK richer than Dangote etc I wasn't surprised because that is their usual way, we are talking of corruption he is talking "worth" and I said since OUK is that richer than even Bill Gate then tell him to pay the "mere" N7Billion simple!

Ibeto I like men like you "if you have it and if you pass it" then don't wait till little boys started dragging you in the name of efcc sort it out and have your peace.

6 Likes

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Splashme: 7:15am On Mar 12
Federal govt should also create an agency to fight tribal-Favouritism.

Ethno-religious bigotry is killing Nigeria slowly
.

2 Likes

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