Alleged N4.8bn fraud: Court awaits A’Court verdict to hear Ibeto’s application on jurisdiction

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

After listening to both parties, the trial judge, Justice Ogala ruled that hearing the defendant’s application would amount to nothing because the same issue is currently pending before the appellate court. The state high court in Port Harcout, Rivers State has given a Judgement on the same issue. In a judgment delivered on March 29, 2023, the State High Court declared Ibeto Energy Development Ltd as the rightful owner of the land. The court further rulled that since Sir Chukwudozie Daniel of Dozzy Oil did not complete the payment of the land in dispute, Chief Ibeto should make a refund of the money to him.

Nigeria's inflation rate has surged to 33.20% in March 2024, according to the latest Consumer Price Index report released by the National Bureau of Statistics . NBS on Monday said that the March 2024 headline inflation rate showed an increase of 1.50% points when compared to the February 2024 headline inflation rate. “On a…

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Court remands two businessmen over alleged N2.8bn launderingThe Nation Newspaper Court remands two businessmen over alleged N2.8bn laundering
Source: TheNationNews - 🏆 6. / 69 Read more »

Court remands 30-year-old businessman for alleged fraudA Makurdi Magistrates’ Court, on Tuesday, remanded a 30-year-old businessman, Patrick Angulu for allegedly defrauding Ifeanyi Ezenma of the sum of N6.7 million. The defendant, who resides at No 29, Momo Sani Avenue, Gwagwalada, Abuja, is facing a two-count charge of criminal conspiracy and advanced fee fraud. The Magistrate, Mrs J.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Alleged $6b fraud: Court dismisses Agunloye ‘s application on ”amicus curiae”A Federal Capital Territory (FCT ) High Court on Monday dismissed an application by a former Minister of Power and Steel, Dr Olu Agunloye
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Kogi court remands four over alleged theft, fraud, impersonationA Magistrate’s Court sitting in Lokoja has remanded four suspects at Koto Karfe Correctional centre for alleged theft, fraud and impersonation.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Alleged N950m fraud: Court issues bench warrant against ex-Punch employee, othersMr Ijelu ordered the arrest after the Director of Public Prosecutions, Babajide Martins, prayed the court to issue a bench warrant against the defendants.
Source: PremiumTimesng - 🏆 3. / 78 Read more »