Mr. Goodie Ibru, younger brother of Olorogun Michael Ibru has been dragged to court for allegedly stealing about N1billion belonging to Sheraton Hotel, Lagos. The Economic and Financial Crimes Commission has filed 11 counts of fraud against the chairman of Ikeja Hotels, owners of Sheraton Hotel and Tower, Lagos.

Mr. Goodie Ibru and three companies, Associated Ventures International Ltd., IHL Services Ltd. and Clearview Investment Ltd. were charged before Justice Raliatu Adebiyi of the Lagos Division of the Lagos State High Court. The agency alleged that Goodie Ibru and the three companies conspired to steal the sum of N867,700,990.00 of Ikeja Hotels profit and they received the money from Starwood Ltd. the managers of Sheraton Hotel, Ikeja, Lagos.

In the charged sheet, the EFCC equally alleged that the suspects converted the sum of N55,102,485,50 belonging to Ikeja Hotel to their personal use and another sum of N27,508,766,25 which they got from Clearview Investment Ltd. as proceeds of the sale of Ikeja Hotels property.