EFCC sues Goodie Ibru, others for alleged N1b fraud

The Economic and Financial Crimes Commission (EFCC) has sued former Chairman of Ikeja Hotels Plc, Mr. Goodie Ibru for alleged fraudulent conversion of N1,092,228,915.75 said to be property of the hotel.
He was, in addition, alleged to have fraudulently converted 63,084 pounds sterling and $33,976, also said to be property of the hotel.
Mr. Ibru is facing an 11-count charge offence of conspiracy to steal and stealing by fraudulent conversion in the suit before Justice Raliatu Adebiyi of the High Court of Lagos State.
He was charged with three other corporate organisations as defendants – Associated Ventures International Limited, IHL Services Limited and Clearview Investment Limited.
The EFCC, in the first and second charges, alleged that Ibru and other defendants had, between January and December 2010, conspired to steal by fraudulently converting N867,700,990 property of Ikeja Hotels Plc, which sum was allegedly received through Starwood Limited(Managers of Sheraton Hotels, Ikeja) as profit due to the hotel.
In the third count, the anti-graft agency further alleged that the defendants, had between June and October 2010, with intent to defraud, fraudulently converted to personal use, a sum of N55,102,485.50 received through Starwood Limited as profit due to the hotel.
The defendants were also alleged to have, with intent to defraud, fraudulently converted to personal use, various sums received through Starwood Limited as profit due to the hotel: 10,075 pounds sterling and $13,373; N21, 366,013.00; N120,550,661.00; 2,400 Euros; 50,6099 pound sterlings and $20,603 – between January 2010 and February 2015.
EFCC alleged that the defendants also, with intent to defraud, fraudulently converted to personal use N27, 508,766.25 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.

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