Alleged N2 billion Ikeja Hotels Fraud: EFCC declares Ibru wanted

EFCC Operatives
EFCC Operatives

The Economic and Financial Crimes Commission has declared a former chairman of Ikeja Hotels wanted.

Goodie Ibru, a former president of the Nigerian Stock Exchange, is facing allegations of illegal diversion of up to N2 billion shareholders’ funds and stock markets fraud, EFCC spokesman, Wilson Uwujaren, told PREMIUM TIMES Wednesday.

The announcement may also be placed in newspapers as advertorial on Thursday morning, Mr. Uwujaren said.

The EFCC commenced investigation into Mr. Ibru’s leadership of the hospitality firm following a petition from shareholders that chronicled alleged acts of financial crimes against him.

PREMIUM TIMES reported in August 2015 that the Civil Society Network against Corruption had been pressing the EFCC to take action against Mr. Ibru for his alleged mismanagement of about N10 billion.

Mr. Ibru could not be reached for comments for this story.


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  • Shahokaya

    Nigerian billiniores, by the time Buhari finishes his second term we will see who will truly answer his name. They loot government money and that one is not enough they have steal from shareholders!

  • linkhadj.

    Ibru again? Why is that family into embezzlement always?

  • Rommel

    I can only advise this named individual to immediately submit himself to the authorities instead of allowing himself to be disgraced because that is what is going to happen to him,if it were in civilized countries,most of the Ibru’s would have spent the rest of their days in jail especially people like Cecilia who is no different from Bernie Madoff and Alan Stanford

  • No Bull …..

    The heat is on…

  • marc umeh

    Buhari has so much in his plate. I hope God grants him the energy to perceiver.
    Ours is a thoroughly rotten society.