₦airaland Forum

Justice Oyindamola Ogala struck out the charge after counsel to the EFCC, Rotimi Jacobs (SAN), informed the court that Ibeto had refunded over ₦3.2 billion of the money he was accused of stealing from the alleged victim, Chief Daniel Chukwudozie.

Jacobs also informed the judge that both the defendants and the complainant had met with the EFCC and agreed to settle the matter out of court.
He said, “Following the last court session, the parties met with the EFCC to explore settlement options, which resulted in the defendants refunding ₦3.2 billion to the Commission.

“However, two issues remain unresolved: the allegations of forgery and the $3 million that Ibeto denies collecting from the complainant.
“The EFCC has instructed me to withdraw this case in the spirit of reconciliation while the Commission decides how to address the outstanding issues. I therefore request the court to strike out the charge.”

The defence lawyer, Adebayo Oshodi, confirmed in court that an agreement had been reached, resulting in the refund, but denied that any issues remained unresolved.

He stated, “I can confirm to the court that all parties have reached an agreement, that the matter be settled out of court. I, however, deny that there are any outstanding issues.”

After considering the submission from both lawyers, Justice Ogala struck out the charge. In April 2023, the EFCC instituted a 10-count charge of conspiracy, fraud, forgery, and the fraudulent use of documents against the businessman and his companies, Ibeto Energy Development Company and Odoh Holdings Ltd.

Arraignment was however stalled and adjourned multiple times owing to the failure of the business to appear in court, he was however always represented by his lawyers.

This led former trial judge Justice Ismail Ijelu to agree to the prosecution’s request on November 3, 2023, to order the arrest of Ibeto for not appearing in court despite assurances from his lawyers that he would attend.

The case was however reassigned to Justice Ogala in February 2024 by the Chief Judge of Lagos State, Justice Kazeem Alogba, after the defendants accused Justice Ijelu of bias and also challenged the court’s jurisdiction to hear the case.

https://www.channelstv.com/2024/12/11/court-strikes-out-fraud-charge-against-ibeto-after-₦3-2bn-refund/

Nawa oh!

Plea bargaining. He admitted to the fraud. These billionaires, you never know with them.

mynd44, nlfpmod

No wonder Nigeria 🇳🇬 judiciary is a joke










'Nigeria 🇳🇬 and It's Criminal Justice System' - Farotimi

Man know man corruption fighting.

If the thief settle with the owner, the Nigeria judiciary strike out the case.

No need for deterrent

christejames:
No wonder Nigeria 🇳🇬 judiciary is a joke










'Nigeria 🇳🇬 and It's Criminal Justice System' - Farotimi

Arbitration is part of justice system all over the world. Stop the propaganda & needless attacks against the judiciary.

Fraud everywhere in Nigeria. Government and private sector allowance corrupt!

With the high level of ignorance among Nigerians, One would be suprised to see this country progress.

Those people insulting the Judiciary for striking out the case are supposed to be the educated Nigerian oh.
I mean these are people that went to school ohh.

This was why Jesus wept at the gate of the city. The lack of knowledge is deadly

All Nigerians are Hushpuppi in disguise...

Odogwy aburo guy name

Odogwu aburo guy name

Settlement they should have done initially, rather wasting their time, money and reputation.

The man that claimed Dangote cheated him.

Cunny cunny.

omo

They are all the same...

Birds of a feather 🪶

zero8zero:
https://www.channelstv.com/2024/12/11/court-strikes-out-fraud-charge-against-ibeto-after-₦3-2bn-refund/

He vomited the money las las and got his reputation damaged.

christejames:
No wonder Nigeria 🇳🇬 judiciary is a joke










'Nigeria 🇳🇬 and It's Criminal Justice System' - Farotimi

It's called out of court settlement. And it is legal. Every smart lawyer does it.

If Ibeto's lawyer had decided to fight it out, he would have lost, and his client would have been in jail, plus paying a fine that might be higher than the 3.2 million self.

It s even done in 'saner climes'.

zero8zero:
Plea bargaining. He admitted to the fraud. These billionaires, you never know with them.

Become one yourself and stop complaining.
Olowo laye mo.
No money no towtow

Quelme:
All Nigerians are Hushpuppi in disguise...

Speak for urself

FreeStuffsNG:
He vomited the money las las and got his reputation damaged.

He who is down fears no fall...

Did they pay in cash or in cement?🤭

kokoA:
Fraud everywhere in Nigeria. Government and private sector allowance corrupt!

Tinubu is a wicked leader also a theif

christejames:
No wonder Nigeria 🇳🇬 judiciary is a joke









'Nigeria 🇳🇬 and It's Criminal Justice System' - Farotimi

Trash

D

I thought they said he was being persecuted because he's Igbo?

Exousiang01:
With the high level of ignorance among Nigerians, One would be suprised to see this country progress.

Those people insulting the Judiciary for striking out the case are supposed to be the educated Nigerian oh.
I mean these are people that went to school ohh.

This was why Jesus wept at the gate of the city. The lack of knowledge is deadly

They are too lazy to read. That's why it's said that if you want to hide something from a black man, put it in a book.

nawa ooooooooooWhere the action never stops—BetMeLive

Houseofglam7:
Did they pay in cash or in cement?🤭

[color=#006600][/color]

zero8zero:
Plea bargaining. He admitted to the fraud. These billionaires, you never know with them.

Hope you will still remember this technical terms because $356,000 that our president Tinibu forfeited to US court will resurrect in the politics of 2027. Remember every word of yours today.