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Former Chairman Of Ikeja Hotels Plc, Others Acccused Of Corruption By Civil Society

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Former chairman of Ikeja Hotels Plc, Goodie Ibru, who is currently facing an 11-count charge from EFCC bordering on conspiracy and stealing  has been accussed by The Civil Society Network Against Corruption (CSNAC) of mismanagment of N10 billion belonging to the company.
In a statement commending the Economic and Financial Crimes Commission for charging Mr. Ibru and others for alleged fraud, CSNAC said that Mr. Ibru and others embezzled in excess of the N2 billion they were being accused of by the anti-graft commission.

‎In a statement issued by its Chairman, Olanrewaju Suraju, the group noted that EFFC desrved public commendation for its work adding that “while they are deserving of our commendation, we must state that our petition to the EFCC dated the 10th of November 2014 alleges more cases of criminal diversion of funds in excess of N10 billion belonging to Ikeja Hotel Plc and its subsidiaries by Mr. Goodie Ibru and his accomplices – in respect of which we had similarly sought orders of court to require the commission to promptly investigate and prosecute.”

According to the group, the accused had in 2010 mismanaged funds amounting to almost N2 billion profits and was yet to be arraigned. They further stated that the era had passed where an individual could defraud the public, exploiting them through private businesses.

“We shall pursue and ensure that perpetrators of acts of corruption against the public are fully made to account, whether they are carried out in state institutions and parastatals or private/public enterprise,” Mr. Suraju said.

“In this regard we earnestly call on the Securities and Exchange Commission, the Nigeria Stock Exchange as well as the Corporate Affairs Commission to undertake routine inspections of companies to ensure that such infractions as was witnessed in Ikeja Hotel Plc are checked and punished.

“The fact that Mr. Goodie Ibru is a former President of the Nigeria Stock Exchange especially gives cause for worry, and should ordinarily provide an added impetus for the regulators to investigate the claims against Mr. Goodie Ibru, so as not to appear complicit by any stretch of imagination.”

On a concluding note, CSNAC further urged the EFCC to continue its investigation into the financial activities of the Hotel and her subsidiaries.




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