The Economic and Financial Crimes Commission has declared a former chairman of Ikeja Hotels wanted.

Goodie Ibru, a former president of the Nigerian Stock Exchange, is facing allegations of illegal diversion of up to N2 billion shareholders’ funds and stock markets fraud, EFCC spokesman, Wilson Uwujaren, told PREMIUM TIMES Wednesday.

The announcement may also be placed in newspapers as advertorial on Thursday morning, Mr. Uwujaren said.

The EFCC commenced investigation into Mr. Ibru’s leadership of the hospitality firm following a petition from shareholders that chronicled alleged acts of financial crimes against him.

PREMIUM TIMES reported in August 2015 that the Civil Society Network against Corruption had been pressing the EFCC to take action against Mr. Ibru for his alleged mismanagement of about N10 billion.

Mr. Ibru could not be reached for comments for this story.

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