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EFCC drags Ibru to court over N2bn fraud

03 August 2015, 19:04

Lagos  - The Economic and Financial Crimes Commission has sued businessman Goodie Ibru before a high court in Lagos over claims of conspiracy and fraudulent conversion, Premium Times reports.

The 11-count charge also accused Associated Ventures International Limited, IHL Services Limited, and Clearview Investment Limited of conspiring with Ibru to steal almost N2 billion from Ikeja Hotels Plc in 2010.

Also read: EFCC begins probe of Akpabio

The EFCC accused the defendants of fraudulently converting N867 million property of Ikeja Hotels and also converting another N867 million profit due to Ikeja Hotels to their personal use.

The defendants were further accused of a fraudulent conversion to personal use of N55 million they received from Starwood Limited – the managers of Sheraton Hotels, Lagos – as profit due to Ikeja Hotels Plc.

Read more at Premium Times

- News 24

Tags efcc fraud

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