Agency sues Ibru over alleged N1bn fraud

monjola sotubo

August 3, 2015 3:44 PM

The EFCC alleged that Ibru and three other defendants received the stolen funds through Starwood Limited, the managers of Sheraton Hotels.

Goodie Ibru

The Economic and Financial Crimes Commission (EFCC) has accused the former Chairman of Ikeja Hotels Plc, Goodie Ibru, of defrauding the hotel of N1 billion.

The EFCC alleged that Ibru and three other defendants received the stolen funds through Starwood Limited, the managers of Sheraton Hotels, Ikeja, Punch reports.

The three other defendants are Associated Ventures International Limited, IHL Services Limited and Clearview Investment Limited.

In the charge sheet filed at the Lagos State High Court, the EFCC alleged that Ibru and his co-suspects conspired amongst themselves to steal a sum of N867,700,990.00 being the profit due to Ikeja Hotels Plc between January and December 2010.

The EFCC further alleged that the suspects, had between June and October 2010, with an intent to defraud, fraudulently converted to their personal use, a sum of N55,102,485.50 received through Starwood Limited as profit due to the hotel.

According to the anti-graft agency, 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.

No date has been chosen for the commencement of the trial.

monjola sotubo