JUST-IN Alleged N4.8bn Fraud: EFCC To Arraign Businessman Cletus Ibeto Thursday

On Thursday, October 5, the Economic and Financial Crimes Commission (EFCC) will charge businessman Chief Cletus Ibeto with a 10-count charge bordering on accusations of obtaining through false pretenses, fraudulent property conversion, criminal breach of trust, forgery, and deception.

Along with another business connected to ibeto, Odoh Holdings Ltd., the two are scheduled to appear before Justice Ismail Ijelu of the Lagos High Court, Ikeja.

The charge, which was signed by Gbolahan Latona, the EFCC’s Head Legal, in April 2023, was obtained by Channels Television.

According to Count 1 of the charge, Chief Cletus Ibeto obtained the sum of N4.8 billion from Dozzy Oil &amp, Gas Ltd. and Sir Daniel Chukwudozie under false pretense and with the intent to defraud the court for the 22.6536 hectares of land he claimed to own at the end of Reclamation Road Layout, Port Harcourt, Rivers State, using a deed of sublease executed by Odoh Holdings and Ibeto

While count 3 asserts that they forged certain documents, count 2 claims that the defendants obtained N2.5 billion from their victim in exchange for a 14.1 hectares of land that never existed.

In Count 3, the defendants allegedly forged a deed of sublease between Odoh Holdings Ltd and Ibeto Development Ltd on or around January 30, 2018, with the intent to defraud. Odoh Holdings Ltd. allegedly acquired leasehold interest in relation to 22.6536, according to 280 of the Lands Registry in Rivers State.

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The offenses violate Sections 1 of the 2006 Advance Fee Fraud Act, 365 (3d) and (e), and 366 of Lagos State’s Criminal Law, 2015.