It has come to this.In the free-for-all that was our banking system, even a nanny could obtain a N13 billion loan from one of our top banks. Especially if she is the owner's nanny.

Such was the good fortune of Nanashetu Abdulai, who was served Cecilia Ibru as nanny to her eldest son, Oboden.

In our banking system, this was enough collateral to persuade Oceanic Bank, which is now on life support and has been taken over by the Central Bank, to extend billions to Nanashetu. At least officially.

Ms. Abdulai, 51, also known as Nanashetu P. Bedell, received what is now being called the "nanny loan" based solely on her relationship with Mrs. Ibru, who is now a fugitive from the law and is wanted on fraud, money laundering, and stock manipulation charges by the Economic and Financial Crimes Commission. As at May 31, the loan was non-performing, according to a list released by the Central Bank.

Attempts to reach Ms. Abdulai at both her office and by telephone were unsuccessful.

Ms. Abdulai secured the loan as the sole director of Circular Global International Ltd. The company turned up as debtor number 13 on the CBN list of debtors to Oceanic Bank, is also the chief executive of the upscale corporate and household gift items suppliers called Nanshet Limited. Its head office is on Akin Olugbade high street of Victoria Island in Lagos.

Nanshet Ltd trades in corporate and household gift items and supplies majority, if not all, of Oceanic Bank's corporate souvenirs and staff insignias. Mrs. Ibru's signature neckties are samples of Nanshet's supplies.

Nanshet Limited started business in 1990 selling only Christian Books and Gifts. It now specialises in the procurement and distribution of electronics, household items and corporate gifts on a wholesale and retail level. It opened an American office in 2002

Ms. Abdulai was the nanny to the former Managing Director of Oceanic Bank and the first son of Mrs. Ibru, Oboden Ibru, but has become a close member of the family.

"She is generally called Sister Nana within Oceanic Bank," said one source. Another source referred to her as "Cecilia Ibru's twin sister," establishing the close relationship which Ms. Abdulai shares with the Ibru family and also alluding to the influence that Ms. Abdulai wields away from the domestic domain of the Ibru family to the corporate quarters where public funds are held.

"It is conventional wisdom in Oceanic that the fear of Sister Nana is the beginning of wisdom," said an insider who pleaded anonymity at Oceanic Bank Headquarters on Ozumba Mbadiwe Street on Victoria Island, Lagos.

No. 4 Akin Olugbade Street is just a white, plain looking one-storey building that is unremarkable in every aspect apart from sharing a fence with an Oceanic Bank branch. It looks more like a residential building than an office space. In a section of the compound, heaps of ceramic tiles are packed amid large wooden boxes.

Nanshet Mega Stores sell luxury gift items, includingsells flower vases, ceramic plates, steel trolleys and large aluminium and enamel pots and dishes. It is located at the ground floor of City Mall directly opposite the entrance of the mall

http://234next.com/csp/cms/sites/Next/News/National/5448760-146/story.csp

N13 billion or N13 million?? Way to go, madam nanny!!!

must be million.
na so billion easy
a begi

Just checked the CBN Advertorial and it says, N12,884,748,000 (approx. N13bn)

here is a link: http://www.cenbank.org/Out/publications/pressRelease/GOV/2009/ADVERTORIAL_18082009.pdf

It is number 13 under Oceanic Bank.

i am getting dizzy.

Nanshet Ltd trades in corporate and household gift items and supplies majority, if not all, of Oceanic Bank's corporate souvenirs and staff insignias. Mrs. Ibru's signature neckties are samples of Nanshet's supplies.

therein lie the answer

this was loan to self for sundry expenses and miscellaneous.

oyb:

therein lie the answer

I would like to know if she was getting paid by Oceanic for supplying the items (different from the loan).

the word is proxy

all over the world, ceos in businesses do business with themselves

if you go deeper, you will proably find that the cleaners, it support, security etc for oceanic are all companies owned by the ibrus. you may even find that some if not all of the contractors building that head office building are owned by the ibrus. na today?

oyb:

the word is proxy

all over the world, ceos in businesses do business with themselves

if you go deeper, you will proably find that the cleaners, it support, security etc for oceanic are all companies owned by the ibrus. you may even find that some if not all of the contractors building that head office building are owned by the ibrus. na today?

that one na old style.
now they own the buildings themselves.
they just lease it to the bank.

^^^^^

na so i hear o

the word is that all those zenith buildings on ajose adeogun are leased from jim ovia

@OYB

the word is proxy

all over the world, ceos in businesses do business with themselves

if you go deeper, you will proably find that the cleaners, it support, security etc for oceanic are all companies owned by the ibrus. you may even find that some if not all of the contractors building that head office building are owned by the ibrus. na today

?


Wether na today Or yesterday it must have to stop somewhere.

ALL NIGERIANS ARE NOT ROBOTS PLEASE SPEAK FOR YOUR SELF AND STOP CORRUPTING THE MINDS OF THE YOUNG ONES THAT READ US ON THIS FORUM.

Keep your Na today to your Self Abeg.

^^^^

please stop misyarning - if u have nothing good to say zip it

An insider of the bank also confirms that her label is in all the ties and scarfs the staffs are made compulsorily to wear to .the office everyday and also the ex nanny turned industrialist is a Ghanian.

Someone is getting dizzy while the nanny would have most probably run back to her own country of Ghana. Nigeria better use interpol and extradite her back here immediately.

why do u people like writing wat u don't know. At times i wonder whether all of us here are illiterates, someone will just come up with any kind of cock and bull story and we respond does Ibru have the power to just give someone 13B just listen to urself.
Poster pls if u don't have any job stop writing rubbish about Celia Ibru she's an amazon and u can't take it away from her. Like they sat History will vindicate the jus.

laga:

why do u people like writing wat u don't know. At times i wonder whether all of us here are illiterates, someone will just come up with any kind of cock and bull story and we respond does Ibru have the power to just give someone 13B just listen to urself.
Poster pls if u don't have any job stop writing rubbish about Celia Ibru she's an amazon and u can't take it away from her. Like they sat History will vindicate the jus.

If she doesnt who in Oceanic does?

There is no need to abuse anyone if you have any information that contradicts the poster's let us have it.

No one is disputing the fact that she is an amazon but of what kind?

The fact that she is no where to be found and has refused to talk speaks volume.

At least the poster has provided a link to the Oceanic Debtor No. 13 (CBN list).

Wat is the source of this story?

Anyway, My interest now is the share price. What is the price of the stock now?

bros1234:

Wat is the source of this story?

Anyway, My interest now is the share price. What is the price of the stock now?

I am sure the stock is on technical suspension

na so i hear o

the word is that all those zenith buildings on ajose adeogun are leased from jim ovia

This one fit be true. I would do the same thing if i had his shoes on.

Bill Gates has over 55% shares of microsoft

It is business

naijatoday:

I would like to know if she was getting paid by Oceanic for supplying the items (different from the loan).

The issue is not giving a 13B loan to a nanny but that the loan is not performing.Anyway i just hope that her Abokis and Mallams didnt get some loans too.

I used to work for Oceanic when i was in Nigeria as RIC. At one point, i was posted to the head office on ozumba mbadiwe. I can tell you to a large degree the story about the nanny is 99% true, her company supplied everything and you see her transactions everywhere. No doubt she (Cecilia) is a wonderful person but she is running a business with people's money at stake and you cannot be awarding contract and loans to "friends and family".

I don't think Banks realize the responsibilities placed on them, I believe this crude action will bring them back to reality. I support the idea of sanitizing the bank industry but not this way, The CBN just created panic and removed the little faith people had in the only industry that offered Nigerian hope if things getting better.

So how much was lent to the gateman?

So if she gave someone a loan, that is now a crime? A lot of what I hear here is unbridled jealousy.

If the loan is proven to be fraudulent by a court, then we can begin singing burial songs, until it is foolish to spout uneducated judgements.

I keep hearing "oh! the banks used depositors money!". Welcome to the real World, that's exactly how every single bank on Earth operates.
If things are suspected to have been done fraudulently, it is for the courts. It surely isn't for baying mobs and jungle law.

laga:

why do u people like writing wat u don't know. At times i wonder whether all of us here are illiterates, someone will just come up with any kind of cock and bull story and we respond does Ibru have the power to just give someone 13B just listen to urself.
Poster pls if u don't have any job stop writing rubbish about Celia Ibru she's an amazon and u can't take it away from her. Like they sat History will vindicate the jus.

I posted an article from a newspaper, i did not write it.

I think you guys miss the point. This is case of conflict of interest. We give the back our money to keep. we buy their shares and instead of investing it in SMB and the likes, it is loan out to family and friends who don't service the loans. I used to think like some of you but the thing is there can never be development in a country that does that. I wouldn't be surprise if you we find out that she (Cecilia)   owns part of Nanshet. I respect her, she made a lot of us millionaires by employing us but what is wrong is wrong.

Beaf:

So if she gave someone a loan, that is now a crime? A lot of what I hear here is unbridled jealousy.

If the loan is proven to be fraudulent by a court, then we can begin singing burial songs, until it is foolish to spout uneducated judgements.

I don't know which movie you've been watching, but the one I am seeing the villains are Bank executives who unjustly awarded  loans to their friends and family without collateral.

cant help bt laugh in kalabari   , this is the real banking sector. na wa o

just going through the link the poster proved, i found instantly 3 names of people i knew very well from my home town!! men!!!!!!!!!!!! People do worship dis guys as a small god,   they flow on cash,  they would have known better,   gonna ring some guys up,  chesse good news,   infact (THERE IS NO RICH MAN IN NIAJA) just take your time and go through the  link from the poster.where in the world would such things happen if not naija.

more is to yet come