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₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC - Politics (2) - Nairaland

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Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by ArewaNightmare: 7:15am On Mar 12
grin
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by HeroicMeastro: 7:15am 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?
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by HeroicMeastro: 7:16am On Mar 12
RichIgboBoy:
They’re only going after Ibeto and Innoson
Petition those you have evidence against

2 Likes

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by GAZZUZZ(m): 7:17am On Mar 12
Sirmwill:









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


















Correct








Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by BrighterSyde: 7:17am On Mar 12
You are a big fool if you are satisfied with the fact that this govt is allowing him go on just plea bargain. If you can praise this govt for this and you feel this is fighting against corruption then your sense must have been used for ritual. Idiots. Someone ok the fp actually said this is good.
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by PaAdu02(m): 7:18am On Mar 12
Same question I do ask myself countless times.Everyone is just commiting anyhow,the country is gone and it’s not just the present day thing.
Thissystem:
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?
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by donbrowser(m): 7:19am On Mar 12
omenka1:
Returned money to be re-elected by someone else in authority, that's the way it works in my CORNtree

To be what?
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by OgaDeyVex: 7:20am On Mar 12
Hmmmmmm
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by BrighterSyde: 7:20am On Mar 12
wizelink:
Okay good to know

What exactly is good about this? A man stole billions and the matter is settled by simple plea-bargain. Meaning he stole, has made profits from the money and is asked to pay back what he stole and then go Scot-free. Why is good about that?

2 Likes

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by donbrowser(m): 7:21am On Mar 12
BrighterSyde:
You are a big fool if you are satisfied with the fact that this govt is allowing him go on just plea bargain. If you can praise this govt for this and you feel this is fighting against corruption then your sense must have been used for ritual. Idiots. Someone ok the fp actually said this is good.

Plea bargain means he won't pay the balance but that's not the situation here. Collect the deposit, free him a bit so he can sell what he can to pay the balance.
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by mysticwarrior(m): 7:22am On Mar 12
This guy na real BEBETO.

2 Likes

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by NinjaMetahuman: 7:25am On Mar 12
vowiski:
Why wasn’t Dangote charged after what He did with Emifele..?

Oh, he is from the untouchable tribe in Nigeria
here comes the tribal victim cry


Yes dangote is untouchable and ibeto is a thief.

What are you gonna do about it?

1 Like

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Saidfx(m): 7:28am On Mar 12
Money dey Naija and May Allah remove fear from the minds of the able youths..Amin!
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Keegan: 7:28am On Mar 12
RichIgboBoy:
They’re only going after Ibeto and Innoson

Yes, fraudulent billionaires.

1 Like

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by ezenna191(m): 7:29am On Mar 12
The man is a big fraud that's why he's been holding NIGERCEM hostage for nine years without a berting an eye lid. Criminals everywhere.

1 Like

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by WeddingParol: 7:29am On Mar 12
Igbo billionaire

1 Like 1 Share

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Keegan: 7:31am On Mar 12
vowiski:
Why wasn’t Dangote charged after what He did with Emifele..?

Oh, he is from the untouchable tribe in Nigeria

It's step by step.
Nigerians like to protect thieves from their region and ironically expected the country to be prosper. You dey deceive una self

1 Like

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by wizelink(m): 7:34am On Mar 12
At least he is been held and to some extent account for the fraud. If same level of treatment should be metted-out to other fraudulent politicians and non-politicians, then progress will be made even in it's smallest unit. As time goes on citizens will adjust and fraud won't be a norm anymore in Nigeria. It's a gradual process.
BrighterSyde:


What exactly is good about this? A man stole billions and the matter is settled by simple plea-bargain. Meaning he stole, has made profits from the money and is asked to pay back what he stole and then go Scot-free. Why is good about that?
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Keegan: 7:34am On Mar 12
Thissystem:
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?

I wonder. 🤔

How could a country survive this barrage of fraud is something I'm still trying to understand. Just imagine if we are not corrupt.
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by erniok(m): 7:36am On Mar 12
malali:
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.

Wonderful ideas posted but most agencies does not have the will to do all these. There'll always be protected parties as long as Nigeria exist. Brilliant ideas you posted.
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Toluwanise247(m): 7:37am On Mar 12
AustineE1:
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.

Is like your hands are not clean too, EFCC has arrested many northern than any other part of the country

1 Like

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by BrighterSyde: 7:39am On Mar 12
wizelink:
At least he is been held and to some extent account for the fraud. If same level of treatment should be metted-out to other fraudulent politicians and non-politicians, then progress will be made even in it's smallest unit. As time goes on citizens will adjust and fraud won't be a norm anymore in Nigeria. It's a gradual process.

How has plea bargain stopped politicians from stealing? Which useless progress is being made or will be made? Even your senate president has a case with the efcc. After every tenure govs are hounded by the efcc. Look at betta edu. Look at the minister for interior. I can go on and on calling names. And this is the same plea bargain that they are allowed as a means of escape. Anyway you people are not ready. Rich men and politicians are stealing your common wealth and leaving you to suffer but you are ok with this rubbish they are doing and claiming it is small small. At this rate of pampering do you think you will see good roads and good power supply, access to healthcare etc in your lifetime?
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by aieromon(m): 7:40am On Mar 12
Details

The Economic and Financial Crimes Commission, EFCC, will today, Thursday, October 5th, arraign popular businessman, Chief Cletus Ibeto before the Lagos State High Court sitting in Ikeja over an alleged N4.8 billion fraud.

The EFCC will dock the businessman alongside his companies, Ibeto Energy Development Company and Odoh Holdings Ltd before the court on a 10-count charge bordering on allegations of conspiracy, fraud, forgery and fraudulent use of documents.

They are to be arraigned before Justice Ismail Ijelu.

The charge sheet sighted by LEADERSHIP was signed in April 2023 by the Head, Legal of the EFCC, Gbolahan Latona.

Count 1 of the charge says that Chief Cletus Ibeto, Ibeto Energy Development Ltd and Odoh Holdings Ltd between June 2016 & May 2017 within the jurisdiction of the court by false pretence and with intent to defraud, obtained from Dozzy Oil & Gas Ltd and Sir Daniel Chukwudozie, the sum of N4.8bn purporting same to be consideration for 22.6536 Hectares of land which he claimed to have at the end of Reclamation Road Layout, Port Harcourt, Rivers State by a deed of sublease executed by Odoh Holdings and. ibeto Energy Development Ltd when he only had 7.9 hectares of the said land.

Count 2 states that the defendants obtained N2.5bn from their victim as consideration for a non-existent 14.1 hectares of land while count 3 claims that they forged certain documents

https://leadership.ng/alleged-n48-8bn-fraud-efcc-to-arraign-bizman-ibeto-companies-today/

https://leadership.ng/court-orders-ibeto-to-refund-dozzy-oil-n3-2bn-over-failed-land-deal/

1 Like

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by BrighterSyde: 7:42am On Mar 12
donbrowser:


Plea bargain means he won't pay the balance but that's not the situation here. Collect the deposit, free him a bit so he can sell what he can to pay the balance.

That’s not even my point. What I’m saying is is this enough to deter others from stealing the common wealth of the people?

A man stole billions. Obviously he spent it on maybe property and luxury and then he is caught. You allow him pay a bit and then go back to sell those things he spent the money on at maybe minimal loss and you are ok with that as punishment? Someone that should be jailed or killed for stealing what belongs to people. If not for corruption your life will be much better in this country but these men steal from you people and you applaud this plea bargain nonsese when their stealing has led to loss of life in so many ways.

2 Likes

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Hoelujohn: 7:47am On Mar 12
vowiski:
Why wasn’t Dangote charged after what He did with Emifele..?

Oh, he is from the untouchable tribe in Nigeria
The next morning, cement price will go to 20k. Na una go still pay the money back

1 Like

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Fcwilly: 7:59am On Mar 12
vowiski:
Why wasn’t Dangote charged after what He did with Emifele..?

Oh, he is from the untouchable tribe in Nigeria
to

If ibeto is charged with 4.5bn fraud then only God knows how much uncle Dangerous Dangote will be charged with with all this his romance with political class.
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by wizelink(m): 8:01am On Mar 12
Mr cool down. We will surely get there. Our major problem to that effect is insincerity with ourselves and on the face of government policies. We always try to find short cut to every thing in Nigeria and that has caused great loss.
If Nigeria can do away with ethnicity, bone-to-rule syndrome, religious and political affiliations and be sincere with themselves by doing things right and policies, the rich can't continue in their high horses. They succeed because you and I allowed their excesses but once few are used as example without any form of interference, then things gradually wiil get better.
BrighterSyde:


How has plea bargain stopped politicians from stealing? Which useless progress is being made or will be made? Even your senate president has a case with the efcc. After every tenure govs are hounded by the efcc. Look at betta edu. Look at the minister for interior. I can go on and on calling names. And this is the same plea bargain that they are allowed as a means of escape. Anyway you people are not ready. Rich men and politicians are stealing your common wealth and leaving you to suffer but you are ok with this rubbish they are doing and claiming it is small small. At this rate of pampering do you think you will see good roads and good power supply, access to healthcare etc in your lifetime?
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by epainos: 8:01am On Mar 12
Capital punishment is needed to fight corruption and fraud in Nigeria. When all the senators are shot dead in front of a beach, the whole of Nigeria will understand we are ready. The western world will cry, but when we know we are the victims, we won't stop. See...fraudulent politicians and businessmen will all run away. Evil servants (not civil servants) will resign. Police will dump their guns and enter the bush to farm. Even bandits will think twice cos dem no wan die.
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by joshuaedem(m): 8:09am On Mar 12
ALuta Kontinua
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by victorazy(m): 8:14am On Mar 12
vowiski:
Why wasn’t Dangote charged after what He did with Emifele..?

Oh, he is from the untouchable tribe in Nigeria

No mind them.
Why other ppl name wasn't published.
Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by Exousiang01(m): 8:19am On Mar 12
vowiski:
Why wasn’t Dangote charged after what He did with Emifele..?

Oh, he is from the untouchable tribe in Nigeria
Please kindly explain what Dangote did with Emefiele.
Then help us understand how this situations are the same.

1 Like

Re: ₦4.8bn Fraud: Ibeto Has Returned ₦‎1.5bn, To Pay Balance in 3 Months – EFCC by grandstar(m): 8:29am On Mar 12
Sirmwill:









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









less than 0.1% of corrupt face the death penalty there.

To face the death penalty, they must also have fallen out with Communist Party or made them really lose face

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