Senate summons CBN, AMCON over Ibru’s
N150bn assets
MARCH 15, 2015 : SUNDAY ABORISADE
3 Comments
The Senate Committee on Drugs, Narcotics,
Financial Crimes and Anti-Corruption, has
summoned the management of the Central
Bank of Nigeria and the Asset Management
Company of Nigeria, to appear before it over a
seized asset worth N150bn.
The two federal government agencies seized
the asset, in property and cash, which
belonged to the erstwhile Managing Director
of the defunct Oceanic Bank Plc, Mrs. Cecilia
Ibru, upon her conviction of bank fraud by the
court of law.
A member of the committee, who preferred
anonymity, confirmed to our correspondent
on Sunday that management of CBN and that
of AMCON, amongst others, would appear
before it on Monday to respond to a petition.
The source said the petition alleged certain
irregularities perpetrated in the execution of
the failed bank consolidation.
He added that the Committee is also
interested in the recovery of assets from loan
defaulters and convicted managing directors of
the then Oceanic Bank Plc, Intercontinental
Bank Plc, Union Bank Plc, Afri Bank Plc and
Bank PHB.
He explained that a correspondence from the
Senate committee to the two federal
government agency specified that the petition
before it alleged that the funds and properties
recovered by the Economic and Financial
Crime Commission were not remitted to the
banks.
Ha also said that the properties and shares
were never advertised for sales nor the
proceeds remitted to either the banks nor
AMCON.
He said, “The letter of invitation by the
committee which was signed by the Chairman,
Senator Victor Lar, said of particular interest
are the assets of Cecilia Ibru under the plea
bargain with the EFCC which was alleged to
have never been accounted for.”
The former MD was convicted of bank and
securities fraud by a federal high court judge
presided over by Justice Dan Abutuin in Ikoyi,
Lagos.
She forfeited two aircrafts worth $100m,
properties in Dubai, South Africa, London and
abridged shares In listed Nigerian Companies.
The committee investigative hearing which is
billed to take place on Monday, at the hearing
Room 438, also summoned the Managing
Director of Ecobank Plc, formerly Oceanic
bank, to come along with statements of
account from AMCON, NDIC or CBN under the
bank consolidation from 2009 till date.
The MD of Ecobank is expected to also show
proof of transfer of assets/shares/cash from
AMCON to Ecobank plc.
Also expected at the hearing are the Ag.
Director General of the Security and Exchange
Commission, Munir Gwarzo, and the Chairman
of the EFCC, Ibrahim Lamorde.

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This one not remitted, that one not remitted. What will ever be remitted in this country

politricks:
This one not remitted, that one not remitted. What will ever be remitted in this country

A lot mystic arrangement in naija!
Is this now the return of Cecilia Ibru to the main stream?

mama our prayers re sure going to take you above d wicked ones. in as much as I promise not to do banking again, if mama can have her license back then am back to banking.

Let their be justice

nzeobi:
Let their be justice

What if they eventually discovered there was injustice to the Ibrus, what do you think will happen with bank sold to another bank?

rareman:


What if they eventually discovered there was injustice to the Ibrus, what do you think will happen with bank sold to another bank?

That's why am advocating justice