The Civil Society Network Against Corruption (CSNAC), a coalition of 150 anti-corruption organizations, has praised the Economic and Financial Crimes Commission (EFCC) for finally bringing charges against Goodie Minabo Ibru, Associated Ventures International Ltd., IHL Services Ltd., and Clearview Investment Ltd.
The Civil Society Network Against Corruption (CSNAC), a coalition of 150 anti-corruption organizations, has praised the Economic and Financial Crimes Commission (EFCC) for finally bringing charges against Goodie Minabo Ibru, Associated Ventures International Ltd., IHL Services Ltd., and Clearview Investment Ltd.
Before the Lagos High Court, the EFCC accused Mr. Ibru, a defendant yet to be arraigned, of conspiring to steal about N2 billion that belonged to Ikeja Hotel, Pic.
The Lagos chairman of CSNAC, Olanrewaju Suraju, released a statement that commended the EFCC for its work and challenged them to continue.
The statement read, "EFCC deserves public commendation for its work in this regard. However while they are deserving our applause, 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 Pic and its subsidiaries by Mr. Goodies Ibru and his accomplices."
The statement also made note that CSNAC finds worry and fault in the fact that "Mr. Goodie Ibru is a former President of the Nigerian Stock Exchange." The Ikeja Hotel investigations began when many complaints and petitions were filed by the hotel's shareholders concerning the mismanagement of funds for the Lagos Sheraton Hotel by the Management of Ikeja Hotel, Pic.
CSNAC is working vigilantly to make sure that in this era people will no longer be able to dupe the public by fraudulently operating private businesses.
Mr. Suraju told SaharaReporters that Nigerians should "expect more charges against these people because we are talking about N10 billion missing, but we are retrieving less than that."
"A lot of people have stampeded the EFCC from taking up the matter because they want to escape their culpability,” he continued. For example, "Edwin Clark has tried to stop the process."
In the statement CSNAC declared that it would "pursue and ensure that the perpetrators of acts of corruption against the public are fully made to account."
They then called on the Securities and Exchange Commission, the Nigerian Stock Exchange, as well as the Corporate Affairs Commission to inspect the companies.