Friday, November 16, 2018

Tag "cecilia ibru"

    Report: EFCC traces $4.5m missing from Ibru’s properties to UK

Report: EFCC traces $4.5m missing from Ibru’s properties to UK

The Economic and Financial Crimes Commission( EFCC) has traced the  “missing” funds from sale of properties confiscated from Cecilia Ibru, former managing director/chief executive officer of Oceanic Bank, to the UK. About $4.5 million is said to be unaccounted for, out of the over $7 million recovered from the sale of 61 of such properties in Dubai.The properties were confiscated in [...]

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    Report: $4.5m missing from confiscation of properties traced to Cecilia Ibru

Report: $4.5m missing from confiscation of properties traced to Cecilia Ibru

Some properties traced to Cecilia Ibru, former managing director/chief executive officer of Oceanic Bank, are reportedly entangled in controversy, years after they were confiscated.In 2010, a federal high court in Lagos convicted Ibru of money laundering and sentenced her to 18 months imprisonment.She was ordered to forfeit to the federal government N191 billion worth of assets located in Nigeria, US, and [...]

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    Michael Ibru, husband of ex-Oceanic Bank MD, is dead

Michael Ibru, husband of ex-Oceanic Bank MD, is dead

Michael Ibru, husband of Cecilia Ibru, former managing director of Oceanic Bank, has died.Disclosing this in a statement, the family said he died in a US hospital in the early hours of Tuesday.His death comes about five weeks after Felix, his brother, was buried.The successful businessman also tried his hands in politics, contesting the 1983 governorship election of the old [...]

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    Ibru seeks reversal of Oceanic Bank sale

Ibru seeks reversal of Oceanic Bank sale

Former managing director of the defunct Oceanic Bank International, Mrs Cecilia Ibru, on Monday prayed an Abuja federal high court to reverse the sale of the bank to Ecobank.Ibru also asked the court to reverse the takeover of Aero Contractors Ltd. by the Asset Management Corporation of Nigeria (AMCON).Ibru’s counsel, Dr Ted Iseghohi-Edwards, argued that the bank and airline were [...]

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Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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