Cecilia Ibru Moves to Recover Forfeited Properties

June 4, 2014 by Don Saint 3 Comments

The Asset Management Corporation of Nigeria (AMCON) has objected to a suit by convicted former Managing Director of the defunct Oceanic Bank Plc, Mrs. Cecilia Ibru, seeking to retrieve the properties she forfeited to the Federal Government on her conviction in October 2010.

Upon a plea bargain arrangement, Mrs Ibru was convicted by a Federal High court in Lagos and was sentenced to six months imprisonment.

Under the arrangement, she forfeited assets worth N191 billion comprising 94 properties across the world, including the United States of America, Dubai and Nigeria to AMCON.

Ibru, who sued for herself, Ibru Group and three others, among others asked the court to stop the Attorney-General of the Federation and AMCON from further taking any steps towards implementing the terms of the plea bargain and settlement agreement leading to her conviction.

News

Cecilia Ibru

About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

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3 Responses to “Cecilia Ibru Moves to Recover Forfeited Properties”

Nkem Reply June 4, 2014 at 05:17

Lol @ Bola
Bola Reply June 4, 2014 at 05:15

This Ibru woman, the one you chop never do you? you better you go hide now, before we vex on you at the sad time nigeria is passing through
Tonia Reply June 4, 2014 at 04:18

Ole!!!!