Court Dismisses ₦4.8 Billion Fraud Case Against Ibeto After Partial Settlement

Published

1 year ago

December 11, 2024

The Lagos State High Court in Ikeja has dismissed a ₦4.8 billion fraud case brought by the Economic and Financial Crimes Commission (EFCC) against Chief Cletus Ibeto, Chairman of Ibeto Energy Development Company.

The decision came after the EFCC’s counsel, Rotimi Jacobs (SAN), requested that the charges be withdrawn, citing a partial settlement between the parties involved.

According to Jacobs, Chief Ibeto refunded ₦3.2 billion to Chief Daniel Chukwudozie, the alleged victim, as part of an out-of-court settlement facilitated by the EFCC. He explained that after the last court session, both parties entered discussions mediated by the Commission, which led to the agreement.

Jacobs stated: “Following the last court session, the parties met with the EFCC to explore settlement options, which resulted in the defendants refunding ₦3.2 billion to the Commission.”

However, he noted two unresolved issues: allegations of forgery and a disputed $3 million claim that Ibeto denies receiving from the complainant. Despite these outstanding matters, Jacobs said the EFCC decided to withdraw the case in the interest of reconciliation.

The defence counsel, Adebayo Oshodi, supported the motion to strike out the case and confirmed the settlement. However, Oshodi disputed Jacobs’ claims about unresolved issues, insisting that all matters had been resolved through the agreement.

The case began in April 2023 with a 10-count charge against Chief Ibeto, Ibeto Energy Development Company, and Odoh Holdings Ltd. The charges included conspiracy, fraud, forgery, and the use of fraudulent documents.

The trial faced delays, including Chief Ibeto’s repeated absences from court, which led the former presiding judge, Justice Ismail Ijelu, to issue a warrant for his arrest in November 2023. Subsequently, the defendants challenged the court’s jurisdiction and accused Justice Ijelu of bias, prompting the Lagos State Chief Judge, Justice Kazeem Alogba, to reassign the case to Justice Ogala in February 2024.

While the case has been struck out following the refund and settlement, questions remain regarding the unresolved allegations of forgery and the disputed $3 million. The EFCC may revisit these issues in the future, but for now, the court’s decision brings the contentious legal battle to a close.

The settlement reflects a growing trend in Nigeria’s legal system, where alternative dispute resolution mechanisms are employed to expedite cases and reduce the backlog in courts. However, critics argue that such settlements may undermine justice in cases involving serious allegations like fraud and forgery.

The man who tackled a gunman to the floor and saved people from getting sh0t at Bondi Beach in Australia has been identified as Ahmed al Ahmed.

Published

4 minutes ago

December 14, 2025

Ekwutos Blog

The man who tackled a gunman to the floor and saved people from getting sh0t at Bondi Beach in Australia has been identified as Ahmed al Ahmed.

He was shot during the incident and is currently recuperating in a hospital.

Meanwhile the two gunmen who k!lled over 9 people during the attack were neutralised.

NB: This page does not support violence and this is just a news report.

https://www.instagram.com/reel/DSQXFGajEFV/?igsh=M295eGdiNGVtbHBn

🎥 @7newsaustralia

Female Student Missing For 8 Days Found Chilling At Boyfriend’s House

Published

19 minutes ago

December 14, 2025

Ekwutos Blog

A fresh controversy erupted online after a female student, missing for eight days, was found at her boyfriend’s house.

‎Details of the incident were shared by a classmate of the lady, identified as @folaaaa on X (formerly Twitter).

According to @folaaaa, her classmate’s parents are of age, and the father disclosed that he is currently 70 years old.

Prior to her being found, her last WhatsApp activity was on Monday, December 8, 2025.

Read Tweet Below…..

My coursemate was reported missing by her parents yesterday. They said they could not reach her for like 8 days. We did our research she was last seen online on Monday. They sha did perfect investigation with the oga olopa and they found out she was with her man”.

Meanwhile, the tweet which has garned over 400,000 views has been flooded with reactions from X users.

Dam Dam stated, “Dem suppose arrest Her and her man. Make dem sleep inside cell for a week. Imagine giving your parents so much headache and eventually you are with a man,at least call them and let them know you are safe wherever you are”.

PP the art, “The number of people that had shared and reshared “missing girl” on my WhatsApp cl was crazy. my friend was telling me this just now and i was so shocked”.

‎Jimmy, “Same thing happened in my department while i was in year 1,fliers were made they even interrogated her male friends.these went on for the whole of the semester only to find out she reads the class group messages and sees the missing fliers. She then later said she’s with her man”.

‎Bhetty, “She went to see a man and she didn’t take her parents’ call?Make she sleep cell for 3 days”.

See below…..

“It took me getting married and giving birth to realise marriage benefits men more” — Woman shares emotional thoughts

Published

5 hours ago

December 14, 2025

Ekwutos Blog

A woman has stirred serious conversations online after opening up about how marriage and motherhood changed her perspective on life.

In a heartfelt reflection, she said it was only after getting married and giving birth that she began questioning who marriage truly benefits.

According to her, women often carry the heavier load — emotionally, physically, and mentally.

She explained that marriage can make women feel like tools, responsible for cooking, cleaning, caring for the home, and even contributing financially, while still bearing the full weight of pregnancy, childbirth, and childcare.

She questioned why something described as a “blessing” should come with so much pain, stress, sleepless nights, and emotional strain for women.

In her words, childbirth comes with intense pain, followed by years of responsibility that largely fall on the woman, while many men continue life almost unchanged.

She admitted she never strongly pushed for marriage herself and only went along with it after family pressure. It was the lived experience — not theory — that opened her eyes.

While she made it clear that she loves her son deeply and finds joy in him, she said motherhood also forced her to confront uncomfortable truths about expectations placed on women.

📹: TT/mummychika1

https://www.instagram.com/reel/DSP0XSnjAvd/?igsh=MTd3ZzdlbWI0dHV1Nw==