Produce N191bn Ibru forfeit, court orders CBN
By CHIMA TITUS NWOKOJI
A Federal High Court sitting in Lagos, southwest Nigeria yesterday morning ordered the Central Bank of Nigeria, (CBN), to declare the total cash and properties recovered from the former Chief Executive Officer of Oceanic Bank, Mrs.Cecilia Ibru, within 72 hours. The court also ordered that the apex bank should declare the location of the properties and the money recovered.
The apex Nigeria’s banking sector regulatory institution was also ordered to make public what part of the cash and property had been returned to Oceanic Bank and its shareholders. The order of the court was sequel to a suit filed by a Lagos lawyer, Chuks Nwachukwu, on behalf of Mr. Boniface Okezie, President of Progressive Shareholders Association. Okezie had urged the CBN to disclose among other things the amount of legal fees paid to professionals and lawyers including Olanihun Ajayi and Kola Awodein Chambers in respect of the prosecution of Cecilia Ibru.
The plaintiff claimed he wrote a letter to the CBN demanding to know these facts but the CBN refused to respond. In a counter-affidavit filed by Prof. Gabriel Olawonyi on behalf of CBN, the apex bank said it was advised against releasing the information as it will violate the legal practitioner/client privileges principal. In his judgment delivered yesterday, the presiding judge, Justice Mohammed Idris, while not acceding to the request of the plaintiff that the amount paid to the lawyers involved should be disclosed, ordered that the total cash and property recovered from Cecilia Ibru should be made public by the CBN within 72 hours.
He also ordered that the whereabouts of the properties and monies recovered should be made public too. It would be recalled that a Federal High Court in Lagos in October 2010 sentenced a former Chief Executive Officer of Oceanic Bank International Plc, Mrs. Cecilia Ibru, to 18 months imprisonment without an option of fine for granting $20 million and N2billion credit facilities above the approved limit by the Central Bank of Nigeria.
The Economic and Financial Crimes Commission (EFCC) had prosecuted the former bank chief on a 25-count charge of financial crimes before she entered into a plea bargaining with the anti-graft agency and pleaded guilty to a reduced three-count charge. The Chief Judge of the FHC, Justice Dan Abutu, thereafter convicted Ibru on the said three-count charge and ordered the forfeiture of her N191billion assets comprising 49 properties in Nigeria, United States and Dubai, United Arab Emirates, to a Federal Government agency, the Assets Management Corporation of Nigeria (AMCON).
The forfeited properties include shares in over 100 firms that are listed and not listed on the Nigerian Stock Exchange. The Chief Judge added that
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NA today, de don thief am carry am go. so my cbn governor oya NA your turn to tell us the truth or your u will be sentenced to 21yrs imprisonment. The gods are wise.
I must say without missing out any word,dat I’m so very happy with this court rulling. So mr perfect CBN gov,I hope d court has power over ur institution…….b’cos I expect u to act very swiftly & confess sharp-sharp,d whereabout of madam Ibru’s loot.
Rogues every where.
IBRU is mother of all rogues. Please does she have any other child ?
Everything in Nigeria is Politice
The judge deserve kudos for that delivery. Other banks should also be properly investigated before Nigeria lost faith in banking system.
it will go also the way of Abacha loots
I wonder what this country is turning,greediness is a torn in the flesh of our dear country
The presiding judge should ensure total compliance in this issue. Incase the Mr know all has tempered with the recovered loots, he should be given same treatment he gave to Madam Ibru. Because The Emir in the making is up to something.
ALL OF THOSE BANKERS ARE ROBBERS, WHEN SANUSI APPOINTMENT ENDS, ANOTHER GOVERNMENT WILL PROB HIS SERVICE TOO, YOU ARE LOOKING AT MRS IBRU BOMBOM NOW, NIGERIANS WILL LOOK YOUR BOMBOM YOUR SERVICE WHEN YOUR TERM ENDS.
LET THEM LIVE THE WOMAN ALONE
Thieves everywhe.boko-robbers everywhere
Sanusi shld act fast and tell nigerians what we need to know over ibru,s loot. Or has has the fund develop wings. Thats always the case in nigeria
Court orders should be obeyed forthwith .
We have no one among these clawns to fix Nigeria.
Looking at the CBN Governor, all you can see is a smart and Trickish thief.
my dear,i buy ur idea lukn at Dat mr CBN I knw he is up to sometin,first he came wit Islamic Bankn,nw 5000 naira note.he is d thief in suit.
Will it ever work. Can the court handle it with every sense of integrity? Let us watch and see, but all I know is that the seed anyone sow he shall reap.
This order need to be followed strictly and complied within the stipulated time. Nigerians would like to know where and what the CBN did with the recovered loots. We only hear recovered loots on the pages of newspaper in Nigeria and nobody knows what happens next. Let us know who is the real thief.
sanusi should be prosecuted if he fail to comply with d court order.
Sanusi was appointed by the Chief Criminologist in Nigeria (OBJ) so what do you expect to receive in return ??
Mrs.Ibru was a clever criminal who was caught so she should face the rot of the law. It is a clear issue in the Government of Nigeria that all of them are thieves and criminals but the point is , who will come out and tell them to their stupid faces ??
I am not afraid of them as I have been sending my comments direct to whoever is concerned since the creation of the sun’s comment column.
When I read our dailies everyday, I wept a lot because we the masses of this countries are suffering while our leaders are looting the money which is meant to be used in putting poverty at a pack and vitiate the citizens.
Sanusi is a talk active and trickish criminal as he is fondly known everywhere but lets wait and see what happens when his tenure ends soon.
If I may ask, is Bad or Good luck Jonathan afraid of these criminals ?’ Why is he keeping silent over issues of this high levelheaded criminals ??
IBB, OBJ ,ATIKU, BUHARI and the rest of them are all criminals but they are living comfortably in Nigeria going about their daily criminal activities and nothing is happening.
This can take place in advanced countries where I have lived so far.
We need a Change in Nigeria and God Almighty is the only one that can plant that Change through His own anointed and chosen one.
It wont be long before this prophesy happens so all criminals should either pack out of Nigeria or wait for God’s Judgement pretty soon.
Money! D root of all. Wen it comes 2 moonee no bodi is in d rigtheous even d priests. I neva stop wonderin, is’t d lack of moonee or having moonee dat is d root of evil? If we’re asking abt recovered loot where is Abacha’s loot? Gbam!
Not until the sun rises from the east (biafra). nigeria nd africa can never move forward as britain will keep us on our toes foever dividing us into tribal nd region, planting enemity in a country like nig so as to have their shell oil company exploiting foever while the citizens ar at war defending his tribe nd poverty is d orda of the day
the court ordered 72 hours deadline,we are waiting to see whether CBN (Aboki,mallam,malu,ewu-hausa sanusi) will release it to the public.
GOD will help this country…naija from evil
Sanusi vs Cecilia Ibru: thief catching thief.
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Oja Holdings you have gotten it wrong it was president Yaradua that appointed Sanusi and not Obj stop misinforming Nigerians.
We are all ruling the country well with our comments and the governance. Mrs. Ibru, is receiving escaped goat treatment so as to teach others. Please, Mr. Nwachukwu and other good lawyers in Nigeria should go back and plan and a carry-out a good suit ON THE ABACHA’S RECOVERED LOOT. They are many but we should start from somewhere.
Whoever is responsible should be made to account for every dime of the loot.
what a bunch of scarvengers pretending to be saint and devouring its own people, the wrath of God shall one day be kindle over every one that are working to make sure Nigeria ends up in jeopardy.
what is keeping the apex bank from responding to the courts order,or mr know all is trying to bring up another game…
FRIENDS,YOU ALL SHOULD FORGET ABOUT NIGERIA AND ITS WAHALA…THE COUNTRY IS GOING NO WHERE TO BE BETTER…INSTEAD IT WILL CONTINUE TO GET WORSE!!!
MR KNOW ALL,PLS WE DO NOT WANT ANY STORY TOWARDS THAT TOO MUCH MONEY,HONESTLY,THE MONEY IS TOO MUCH.KEEP IT WELL FOR NIGERIA WHERE EVER YOU KEPT IT,TODAY IS MRS IBRU’S TURN,GOD WILLING IT WILL BE THE TURN OF SOME PEOPLE SOON,NIGERIANS,WE DONT FORGET SO EASILY.
how can just one person own about 49 properties both home and abroad? naija i hail thee
Judges and Lawyers should help us change this conutry. You people should please!
@ojaholdings >>> its “wrath” not rot of the law
Lawyers and judges cannot help change Nigeria, in fact they are our major problem because they collaborated with the military to ruin this country and now they are aiding and abetting the politicians to finish off what is left of our nation. What a tragedy.
This is pure! U can imagine, where could Sanusi the Islamic Bank Governor have kept these huge amount?. Maybe is going to form part of the Islamic Banking project. This is the reason Nigeria will not develop, think of how much was recovered from Abachas’ loot, where is it today?
Cooperate thief bankers shame! am proud to be an Engineer Sanusi thief ur daz ar numbered come out so that ur successor wil tel us ur evil deed
How can CBN told us they were advised not to do what they suppose to do. Heavily corrupt individual occupying post in Nigeria.
OJA HOLDINGS–IN NAMING THIEVES AND LOOTERS PLEASE BE FACTUAL. BUHARI IS NOT ONE. SHOULD YOU HAVE OTHER GRUDGES BETTER they are AIRED THAN mixing facts up. THANK YOU.
God will soon send a long expected mesiah to resue Nigeria like He did to Ghana many years ago. Today Ghana is fixed and progressing while Nigeria is retrogressing. Nigerians need a change of mentality before there will be a meaningful change in our fight against curruption.
In Nigeria we glorify thieves and bring in tribal sentiment in our fight against corruption.
My people we don’t have government, just tell me how this woman Ibru should have this kind of properties. N191billion assets. Who is her parents, what business are they into, and how old is this woman? how many years has she been in this banking business to warrant her having this kind of asset?. This are the questions we should ask her, what is the need of having all this money, did she want to context with Billgate and other rich people in the world? you see the kind of Country we are into, why are we blaming boko harrams, Kidnapper, armed rubbers and car snatchers? people untop are the mojor problem Nigeria is having now.
welcome to LOOTING REPUBLIC,ibrus case is a childs play compared to that, presently taking place in UNION BANK may the almighty GOD GBAWA from the firm grip of the OBA AWON JINBAKUS.
hummmmmmmmmm my people untill we masses becomes war protest not peace protest those legal rubbers will not really change, any way it left few munites the bomb will explode and every one will seek for his fathers house and for those who may not locate their fathers origin will take shade on his or her grand mothers house , just give me a munite jooooooooooooo
Let us watch and see.The details might not be forthcoming as others must have siphon the money.Let AMCON also tell Nigeria how much was actually given to it.What about others that were indicted?What has happened to them?We need to know from AMCON how much exactly they have recover
ROBBING PETER TO PAY PAUL. WHO KNOWS IF PART OF THE MONEY WAS NOT USED TO FINANCE BOKO
if authority steeling can stop armed robbery can also stop bcos authority steeling is dangerous than armed robbery as Fella said .
SANUSI, SANUSI, SANUSI???
I have this feelings from onset that Lamido Sanusi of a criminal is upto something thats why he has been doing all sort of things arrogantly thinking that no one will cross his path. Thats why he wanted to use all the monies his enmassed from mrs Cecillia Ibru to introduce his stupid islamic bank and also the huge amount of money he gave to people from his Kano origin as a result of boko haram menace and recentry #5000 note saga.Just a matter of time before Sanusi motive expose and just mark my word my people
it is well with Nigeria
That is what comes out of the quest to amass wealth greedily by every dubious means, irrespective of those that are hurt. Madam, you made a very big mistake because you lacked counsel and fear for God. It is said, ”vanity upon vanity, is all vanity.” This is like the story of the rich fool in the Bible. He gathered everything on earth to himself and paid ignorance to God’s beckoning, but little did he know that the Lord will require his soul that night… Therefore, he was called ‘a rich fool.’ May God grant us wisdom to know that no amount of wealth, if ill-gotten can deliver anyone. This is a food for thought!
The question now is that, after confiscating all the looted fund and properties, what next, the CBN? I pray this recovered money be used judiciously to alleviate our economic challenges oh!
this is legal issue and nobody know exactly how the case will be. sanusi is clean man compared to soludo time
There is a saying.what ever u soul dat shall u reap.but it can only take time.
AT EHIS………..YES DEAR
Oh Lord,please deliver us from these economic undertakes!
what we hv in Nigeria are thief they claim to be our leaders shame to u all
that is why you innocent ROBBERS has decide to make our blessed fathers land a hot place to live for we the Nigeria youths,but no wahala where is oga abacha today
despite all the money and properties he acquire when the agony of my messiah fulls on him,i dont think he remembered the amount in world bank,so my fellow Nigeria lets just cram down and keep praying to God under this hungry they keep us one day so shall it be to ,O.B.J, MUHAMADU BUHARI. ATIKUR,BABANGIDA,ABUDUSALAM ABUBAKAR,and numerous other criminals who dont want to change.
So painful and heart wrenching!
wel u ppl should knw if a thief dat thief pot dey jail him 3to5 years but look at a murder dat kil milion of ppl looted bilions an only 18mnt ar u sure she an d jgh ar all bird of d sm feather all our jgh an lawyers ar bounch of arm robbers even robber hv mercy dan dos worst bnk drtrs so recheck an stnc her life in jail for wat she did is worst dan boko hrm mr prsdnt wat ar u lookg fight dos thiefs
Sanusi has re-looted it and donated to boko haram. What again do you want to hear, when they are smuggling the dollars to arab countries.
if only this Boko haram sect would concentrate on them alone,our problem Wil be solved in no distance time.
Who everr that have his or her way to carry money go ahead we don’t have government
People of the last Days..2Timothy 3; 1-5…It was written that this will happen so am not jerking.
Cecilia, so u are a common thief. I used to respect you and never knew u were a rogue. What do u need all these monies for. shame on u and the Ibru dynasty. Why blaming kidnappers and armed robbers. And Sanusi, the only educated hausa man, Mr know it all, where did u keep all these monies. I remember when the turbaned u and u took the attire u used in the ceremony to the office, showing how stupid and myopic u are, Aboki will be Aboki, go get the money before Gods thunder descend on u.
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When the people in d hem of affairs re corrupt,then what re u expecting frm the followers.GOD come and take control..
So sorry madam Ibru and all that this has affected,you never had the people in mind, now the captor has turned to the captive and that’s why I keep talking about religious decay in our society, almost all of these so called criminals are leaders in their respective religions, and the religious leaders sing their praises everyday and even pray fervently for them and even award them. God ll certainly reward everyone according his own deed, May God save Nigeria cos I wonder where the hope of the common man lies. Lawyers, Bankers, Judges everybody that is given an obligation, sees it as an opportunity to loot other than to serve. All hands must be deck, everybody must be involved, start from where you are and the rot and decay in our system must be brought to a halt someday. There is no peace for the wicked as the wages of sin is death!
central bank should know the money belong to Nigerians and shears holders of the bank not IBUR and as bank should tell nija were the money is and plan they have over it, and it must come out with interest as money in save always have good interest
Since d money or d properties belonged to d shareholders of d defunct oceanic bank, let it be returned to them.
if only dis blood suckers Boko haram is killn and bombn d rite pple,such as dis top official criminals i wont hav any problem with them,bt Y killn innocent pple who can nt afford 2square meal.see how they waste 43 brains on monday and wat pays me most is non of those student ar 4m d home of dis official criminals since they ar in one of d best university in Western world .God help us.
waste of time the money i don go hahaahhaa
Nijja for us shameless people
God gave us his commandment to love one another, bcs when u love ur neighbour as urself, u wil not be selfish,u wil care for d less privilege around u, etc. Our leaders shuld emulate sir nelson mandela of Africa..