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Alleged N4.8bn Fraud: Judge Returns Ibeto’s Case File To Chief Judge

The trial of the Chairman of Ibeto Energy Development Company, Chief Cletus Ibeto, over an alleged N4.8 billion fraud, was on Monday stalled at the Lagos High Court sitting in Ikeja owing to the return of the case file by the trial judge, Justice Ismail Ijelu, to the Chief Judge of the court, Justice Kazeem Alogba.

Justice Ijelu told lawyers that the case could not proceed until the Chief Judge decides on the various petitions written by the defence challenging the jurisdiction of the court to hear the case and accusing him of bias.

Last year, the Economic and Financial Crimes Commission (EFCC) had charged the defendant before the court alongside his companies, Ibeto Energy Development Company and Odoh Holdings Ltd, on a 10-count charge bordering on allegations of conspiracy, fraud, forgery, and fraudulent use of documents.

The planned arraignment of the defendant on the charge was, however, stalled on four occasions due to his failure to appear in court, although his lawyers represented him.

This prompted Justice Ijelu to accede to the prosecution’s request on November 3, 2023, to order the arrest of the businessman for allegedly refusing to appear to take his plea despite many undertakings by his lawyers to produce him in court.

The defendant subsequently challenged the decision at the Court of Appeal.

The EFCC, however, rejected the move describing it as an attempt to scuttle the trial.

The judge then adjourned the case indefinitely to await the decision of the various petitions written by the defendant.

Jacobs had told the Court of Appeal on January 15, 2024, that Chief Ibeto had approached the anti-graft agency seeking to enter a plea bargain arrangement and pay back the money he allegedly obtained from the nominal complainant, Chief Daniel Chukwudozie.

However, the defence lawyer, Chief Wole Olanipekun, denied knowledge of the discussion. He told the appellate court that his client told him to continue with the appeal he filed to challenge the warrant of arrest issued against him by Justice Ijelu.

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