ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Monday, November 9, 2026
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Crime Watch

BREAKING: Court orders arrest of Cletus Ibeto over N4.8bn fraud

EFCC had charged the defendant alongside his companies, Ibeto Energy Development Company and Odoh Holdings Ltd over an alleged N4.8 billion fraud.

by NewsOnline Nigeria
November 3, 2023
in Crime Watch, Headline
0
Cletus Ibeto

Cletus Ibeto

Court has ordered the immediate arrest of Businessman, Cletus Ibeto over alleged N4.8bn fraud.

 

Newsonline Nigeria reports that the Lagos High Court sitting in the Ikeja area on Friday ordered the arrest of the Chairman/CEO of Ibeto Energy Development Company, Cletus Ibeto, for allegedly refusing to appear in court to stand trial on allegations bordering on a 4.8bn fraud.

 

This Nigeria news platform understands that Justice Ismail Ijelu issued the bench warrant for his arrest after a motion moved by the counsel to the Economic and Financial Crimes Commission (EFCC), Rotimi Jacobs, SAN, who informed the judge that the defendant had flagrantly failed and refused to appear in court despite repeated hearing notices served on him.

 

READ ALSO: CBN pays all FX backlogs with banks, airlines

 

Recall that the EFCC had charged the defendant alongside his companies, Ibeto Energy Development Company and Odoh Holdings Ltd over an alleged N4.8 billion fraud.

 

The anti-graft agency filed a 10-count charge of conspiracy, fraud, forgery and fraudulent use of documents.

 

The defendant’s arraignment was stalled on September 28 and October 5 due to his failure to appear in court, although he was represented by his lawyers.

 

On the two occasions, his lawyer, Onyechi Ikpeazu, SAN, informed the judge that his client was absent due to ill health. He, however, promised to produce him in court today.

 

However, when the matter was called today, Ibeto was represented by another counsel, Dada Awosika, SAN, who also told the judge that the defendant was sick and could not attend court.

 

Following the development, the EFCC Counsel, Rotimi Jacobs, urged the court to issue a bench warrant for the arrest of the businessman.

 

Jacobs claimed that the defendant was in Lagos and the Commission could have arrested him, but it did not have the order of the court to do so.

 

“Senior lawyers cannot come to court and waste the court’s time. We urge the court to grant us a warrant of arrest to force the defendant to court,” Jacob said.

 

In his ruling, Justice Ijelu held that the defence counsel did not adduce any compelling reason for the court to grant his request for adjournment.

The judge further said that the court did not exist for frivolities as it only existed for dispensing justice.

 

“The defence counsel decided to waste the court’s time. The court is the symbol of the state and not an object of ridicule.

 

“Although the senior counsel appeared in this matter for the first time, two senior counsels have previously appeared and promised that the defendant will appear for his arraignment.

 

“In the absence of any cogent excuse to produce the defendant for arraignment, a bench warrant is hereby issued against the defendant,” the court ruled.

 

Justice Ijelu has adjourned the matter to November 15 for the arraignment of the defendant.

Previous Post

BREAKING: FG takes delivery of controversial Presidential yacht

Next Post

House of Reps set to recover $20 billion from petrol subsidy audit

Next Post
2027 Presidential Election

House of Reps set to recover $20 billion from petrol subsidy audit

Trending Stories

JAMB Past Questions

Download JAMB Past Questions & Answers PDF From 1983 Till Date [All Subjects]

Nigeria Common Entrance Past Questions

Nigeria Common Entrance Past Questions & Answers | 2011 Till Date

Latest JAMB News

Download Free JAMB Past Questions & Answers In PDF [All Subjects]

WAEC Timetable 2026

Complete Official WAEC Timetable 2026 for School Candidates May/June PDF

Cletus Ibeto

BREAKING: Court orders arrest of Cletus Ibeto over N4.8bn fraud

Low JAMB Score

Full List of Nigerian Universities Accepting Low JAMB Score for All Courses for 2022 Admission

Balthazar Wife Video

Another Balthazar Wife Video Breaks Internet (WATCH HERE)

Latest Stories

Dangote

Dangote Admits Refinery’s ‘IPO for the People’ Missed 10 Million Investor Target

Access Holdings

Access Holdings Pays £36.7 Million for UK Lender Zempler as Falling Earnings, 92% Cost Ratio Raise Concerns

Access Holdings

Access Holdings Fined N557 Million by CBN Over FX Breaches and ‘Fictitious’ Forwards

David Mark

BREAKING: ADC Chairmen Demand INEC Remove David Mark From Portal, Threaten Nationwide Protest

Tech Fair 2026

Zenith Bank Awards Record ₦190m to 13 Winners at Tech Fair 2026

ADC Judgment

“Washington Is Watching”: US Firm Warns Tinubu, Keyamo Over ADC Judgment

Zoho Campaigns

Zoho Campaigns Adds WhatsApp Marketing and AI Agent Support

Aig-Imoukhuede

Aig-Imoukhuede Urges African Financial Leaders to Make Capital Count for Productivity

2027 U-23 AFCON Qualifiers: CAF Names Ugandan Referee for DR Congo–Nigeria First Leg

Harry Kane Becomes Europe’s Highest-Paid Footballer After Signing New Bayern Munich Contract

NewsOnline 2026

NewsOnline Nigeria brings you breaking news, politics, the 2027 election, business, world news, entertainment and sports, reported accurately and on time.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Tips: newsroom@newsonlineng.com

OFFICE ADDRESS

Akin Adesola Street, Victoria Island, Lagos
+2348161846326

Copyright © 2026 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria