A Lagos State High Court sitting in Ikeja has adjourned the trial of Chairman of Ibeto Energy Development Company, Chief Cletus Ibeto, who was charged by the Economic and Financial Crimes Commission, EFCC, over alleged N4.8 billion fraud, till May 27, 2024.
However, the prosecution counsel, Rotimi Jacob opposed the application on the ground that the defendant had filed an appeal on same issue before the Court of Appeal and the appellate was yet to decide on it. The prosecutor also informed the court that the defendant in his move for out of court settlement, had repaid the commission a total sum of N2 billion in instalments.
The judge held that it would be in the interest of the court to awaits Court of Appeal’s verdict on the matter before taking any further step on on the trial.