EFCC charges former hotel chairman to court over N1bn fraud

The former Chairman of Ikeja Hotels Plc, Goodie Ibru, has been charged to court by the Economic and Financial Crimes Commission (EFCC) for allegedly defrauding the hotel of N1 billion.

Ibru was charged alongside three companies; Associated Ventures International Limited, IHL Services Limited and Clearview Investment Limited.

EFCC alleged that Ibru and his co-suspects conspired to steal N867,700,990.00 being the profit due to Ikeja Hotels Plc. They also alleged that the suspects received the stolen sum through Starwood Limited, the managers of Sheraton Hotels, Ikeja. This allegedly happened between January and December 2010.

The prosecutors also accuse Ibru of fraudulently converting N27 million believed to have been received through Clearview Investment Limited afte selling a Ikeja Hotels property.

According to the anti-graft commission, these offences are contrary to sections 516, 370(7)(b) and 9 and 278(1)(b) and 285(8) and 9(b) 0f the Criminal Code Cap C. 17, Vol. 11, Laws of Lagos State of Nigeria, 2011.

No date has been fixed for the arraignment of the suspects.

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