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BREAKING! Buhari Orders EFCC to Freeze Accounts of Billionaire, Ibeto (See Why)

Published

8 years ago

May 5, 2016

Billionaire businessman and head of The Ibeto Group, Cletus Ibeto has been invited by the Economic and Financial Crimes Commission, EFCC over his alleged role in arms procurement deals, SIGNAL can report.

Sources familiar with the development told SIGNAL Wednesday night that bank accounts belonging to the business mogul who presides over one of Africa’s largest business enterprises have also been frozen by the EFCC.

Efforts by our reporter to reach Wilson Uwujaren, the spokesperson of the EFCC proved abortive at the time of filing this report.

It will be recalled that Nigeria’s Vice-President Yemi Osinbajo alleged on Monday that around $15 billion — equal to about half the country’s foreign currency reserves — was stolen from Nigeria’s public purse under the previous government of Goodluck Jonathan through fraudulent arms procurement deals.

Similarly, in January, 2016 the information minister Lai Mohammed said 55 people who were government ministers, state governors, public officials, bankers and businessmen stole 1.34 trillion naira ($6.8 billion) over a seven-year period.

The Nigerian government is yet to release any evidences backing these claims.