Alleged N4.8bn Fraud: Cletus Ibeto’s Absence Stalls Arraignment Again

The arraignment of a businessman, Chief Cletus Ibeto before Justice I.O. Ijelu of the Lagos State High Court sitting in Ikeja for an alleged N4.8 billion fraud was, again, stalled on Tuesday, December 5, 3023 due to his absence in court. Ibeto alongside Ibeto Energy Development Company and Odoh Holdings Ltd were to be arraigned  by the Economic and Financial Crimes Commission, EFCC, on 10-count charges bordering on allegations of obtaining by false pretences, fraudulent conversion of property, criminal breach of trust, forgery and deception to the tune of N4.8bn. Count…

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