Breaking: EFCC Declares Ibru Wanted

The Economic and Financial crimes Commission 9EFCC) has declared a business mogul, Goodie Minabo Ibru, wanted.
The anti-graft said Wednesday that it declared Ibru wanted in connection with conspiracy, capital market fraud and money laundering.
According to a statement and signed by the Head, Media and Publicity of the commission, Wilson Uwujaren, Ibru is also sought by the EFCC for stealing and diversion of funds.
He was alleged to have diverted billions of naira and assets of Ikeja Hotels, PLC, Sheraton Hotels, in Lagos and Abuja, Federal Palace Hotel, and that of Capital Hotel, to his personal benefits.
The agency urged anyone who knows his whereabouts or has information about him to inform the EFCC.
EFCC had earlier dragged Ibru, who is the younger brother of Olorogun Michael Ibru before a High Court in Lagos for allegedly stealing about N1bn belonging to Sheraton Hotel, Lagos.
The Commission has filed a 11-count of fraud against him as the Chairman of Ikeja Hotels, owners of Sheraton Hotel and Tower, Lagos.
Ibru and three companies, Associated Ventures International Ltd., IHL Services Ltd. and Clearview Investment Ltd. were charged before Justice Raliatu Adebiyi of the Lagos Division of the Lagos State High Court.
The agency alleged that Ibru and the three companies conspired to steal the sum of N867,700,990.00 of Ikeja Hotels profit and they received the money from Starwood Ltd. the managers of Sheraton Hotel, Ikeja, Lagos.
In the charged sheet, the EFCC equally alleged that the suspects converted the sum of N55,102,485,50 belonging to Ikeja Hotel to their personal use and another sum of N27,508,766,25 which they got from Clearview Investment Ltd. as proceeds of the sale of Ikeja Hotels property.

Author: News Editor

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