N4.8bn fraud: Court awaits A’Court verdict on Ibeto’s appeal on jurisdiction

Date:

A Lagos State High Court sitting in Ikeja has adjourned the trial of Chairman of Ibeto Energy Development Company, Chief Cletus Ibeto, who was charged by the Economic and Financial Crimes Commission, EFCC, over alleged N4.8 billion fraud, till May 27, 2024.

Thank you for reading this post, don't forget to subscribe!

The judge, Justice Oyindamola Ogala fixed the new date for hearing in the case, due to the defendant’s counsel, Adebayo Oshodi, prayer to move an application challenging the jurisdiction of the court to hear the charge.

However, the prosecution counsel, Rotimi Jacob opposed the application on the ground that the defendant had filed an appeal on same issue before the Court of Appeal and the appellate was yet to decide on it.

Jacob insisted that court could not entertain the application because the defendant has not submitted himself for trial.
The prosecutor also informed the court that the defendant in his move for out of court settlement, had repaid the commission a total sum of N2 billion in instalments.

After listening to the parties, the trial judge, Justice Ogala ruled that hearing the defendant’s application would amount to nothing because the same issue was currently pending before the appellate court.

The judge held that it would be in the interest of the court to awaits Court of Appeal’s verdict on the matter before taking any further step on on the trial.

The EFCC had charged the defendants before the court on a 10-count charge of conspiracy, fraud, forgery and fraudulent use of documents.

Meanwhile, the appeal filed by the defendant at the Court of Appeal is slated for hearing on May 7, 2024.


Discover more from Naija247news

Subscribe to get the latest posts to your email.

Share post:

Subscribe

Popular

More like this
Related

Minimum Wage: Private sector committed to N57,000 – NECA

May 27, 2024. Azonuchechi Chukwu. The Nigeria Employers’ Consultative Association says...

Nasarawa State disburses $250,000 World Bank facility to 620 farmers

May 27, 2024. Azonuchechi Chukwu. Nasarawa State Governor, Abdullahi Sule, has...

Oworonshoki-Apapa Expressway: Tinubu commends Dangote, describes project 10th Wonder of the World

…We consider this project CSR - Dangote President Bola Ahmed...

Global Commodity Prices: Mixed Movements Recorded as of 3:30 PM GMT+1, Friday, May 24, 2024

As markets closed for the week, global commodity prices...

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading