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HomeNewsTug-of-War in Court: Ibeto's N4.8bn Fraud Case Hits Pause

Tug-of-War in Court: Ibeto’s N4.8bn Fraud Case Hits Pause

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In a courtroom saga reminiscent of high-stakes legal dramas, the alleged N4.8 billion fraud case involving prominent businessman Chief Cletus Ibeto has taken another twist as Justice Oyindamola Ogala of the Lagos State High Court adjourned proceedings until May 27, 2024.

The courtroom buzzed with anticipation as the defense, led by Chief Wole Olanipekun, SAN, and Adebayo Oshodi, sought to navigate the complex legal landscape, withdrawing applications and challenging the court’s jurisdiction amidst ongoing appeals.

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Prosecution counsel Rotimi Jacob, SAN, countered each move, highlighting the defendant’s ongoing appeal at the Lagos Division of the Court of Appeal and the partial repayment of N2 billion to the Economic and Financial Crimes Commission (EFCC) as part of a potential out-of-court settlement.

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Justice Ogala, displaying a keen understanding of legal strategy, refused to rush proceedings, citing the pending appellate court decision.

With a calculated demeanor, the judge emphasized the need for clarity before any further action.

As the legal battle unfolds, all eyes turn to the appellate court’s decision on May 7, 2024, which will undoubtedly shape the course of Chief Ibeto’s case.

Until then, the courtroom drama continues, leaving the fate of N4.8 billion hanging in the balance.

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