Dozzy Oil & Gas Limited has denied any settlement with Cletus Ibeto and his associated companies of their civil and criminal cases.
Dozzy’s media adviser, Aguiyi Anaedo, in a statement, faulted Ibeto’s assertion that their matter had been resolved and that the debt had been paid.
The firm said the Economic and Financial Crimes Commission (EFCC) found that it advanced N3,295,000,000 and $6,000,000 to Ibeto and his companies on different dates.
“Our executive chairman advanced $3,000,000 to Cletus Ibeto and his companies on September 2, 2015 and October 9, 2015.
“These amounts were wired to the designated account of Ardeja Trading Company Limited nominated by Chief Ibeto from our company’s bank account, with the relevant telex particulars.
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“While Chief Clement Ibeto repaid the initial advance of $3,000,000, he was unable to repay the second sum of $3,000,000 advance of October 9, 2015, and subsequently pleaded that the debt be set off as our company’s part payment for the parcel of land being negotiated.
“Despite admitting the existence of this debt at the commencement of the transaction, Chief Ibeto has, despite irrefutable evidence confirming our advance of the said sum to them, made a U-turn by denying the existence of the debt.
“Even the naira portion of the transaction totalling N3,295,000,000 which he admitted to owing and undertook to refund into the coffers of the EFCC within six months from January 2024 has to date not been fully repaid to the account of the commission.”