Alleged N4.8bn Fraud: Court orders arrest of businessman Ibeto

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Alleged N4.8bn Fraud: Court orders arrest of businessman Ibeto
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The court ordered the arrest of the businessman, Cletus Ibeto, following his absence from court for his scheduled arraignment on fraud charges.

Justice I.O. Ijelu of the Lagos State High Court sitting in Ikeja, Lagos, on Friday, 3 November issued a bench warrant for the arrest of a businessman, Cletus Ibeto, for failing to appear in court for his arraignment over an alleged N4.8 bn fraud.and Odoh Holdings on 10-count charges bordering on obtaining by false pretences, fraudulent conversion of property, criminal breach of trust, forgery and deception, following an application and appeal by his lawyer, Onyechi Ikpeazu, SAN.

After listening to both parties, Mr Ijelu, at the last sitting, expressed concerns that the defence counsel seemed to be trying to deceive the court. The Judge held that the defendant could not be shielded from coming to court and adjourned till 3 November for arraignment of the defendants.Mr Jacob, who informed the court that the matter was for arraignment, recalled that the defendants had been absent at previous sittings on 28 September and 5 October.

Citing several references, he argued that the application ought to be heard before the plea could be taken. “He is not running away from the court. He is not disrespecting the court. I am urging my lord to allow the defence to move its application challenging jurisdiction”, he said. The court, however, held that there was no cogent reason placed before the court for the continuous absence of the defendant.

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