EFCC to Arraign Ibru for Alleged N1bn fraud

The Economic and Financial Crimes Commission has filed 11 counts of fraud against former Chairman of Ikeja Hotels Plc, Mr. Goodie Ibru, for allegedly defrauding the hotel to the tune of N1bn.

Ibru, according to Punch, was charged alongside three companies – Associated Ventures International Limited, IHL Services Limited and Clearview Investment Limited.

The EFCC further alleged that the suspects, with an intent to defraud, fraudulently converted to their personal use, various sums received through Starwood Limited as profit due to the hotel.

EFCC alleged that the defendants also, with an intent to defraud, fraudulently converted to their personal use a sum of N27, 508,766.25 sometime in February 2010 – property of Ikeja Hotels Plc which sum was said to have been received through Clearview Investment Limited as proceeds of the sale of Ikeja Hotels property.

According to the anti-graft commission, No date has been fixed for the arraignment of the suspects which was filed before Justice Raliatu Adebiyi of the Lagos Division of the Lagos State High Court.