The Court of Appeal, Lagos division, on Monday affirmed the 2012 verdict of a Federal High Court, Lagos, ordering the Central Bank of Nigeria (CBN) to disclose the total value of cash and assets recovered from the former Managing Director of the defunct Oceanic Bank of Nigeria, Mrs. Cecilia Ibru.

The High Court had ordered the apex bank to disclose the whereabouts of the money and property.


It also directed the CBN to disclose what part of the cash has been returned to Oceanic Bank and its shareholders.

The ruling followed a suit filed by a Lagos-based lawyer, Mr. Chuks Nwachkwu, on behalf of Mr. Boniface Okezie, a shareholder of Oceanic Bank.

The lawyer, in an affidavit filed before the court, averred that Mr. Okezie had asked the apex bank to make the information available to him, in a letter titled: Request for the Information Under the Freedom of Information Act 2011, addressed to the Governor of CBN.

He said the CBN refused despite acknowledging the receipt of his letter.

Affirming the lower court judgment, the Appeal Court, in a lead judgment delivered by Justice Biobele Abraham George, said: “In the result, part of the judgment of the Federal High Court, Lagos division, Coram: M.B. Idris Justice, in suit number FHC/L/CS/494/2012, Mr. Boniface Okezie Versus The Central Bank of Nigeria delivered on 2/10/2012 wherein reliefs 1(e),(f) and (g) sought by Mr. Okezie were granted is hereby affirmed.


http://dailypost.ng/2017/05/16/appeal-court-orders-cbn-account-cecilia-ibrus-assets/

hmm.... this woman that singlehandedly made Oceanic Bank to liquidate.... SMH for her

benedictnsi:
hmm.... this woman that singlehandedly made Oceanic Bank to liquidate.... SMH for her

the shareholders can HOPE again

we had a government then that witch hunted the bank and were in a hurry to see it go down


the kind of fight they do against corruption without a fair hearing

Hmm dey don resurrect this woman case

nice

I love this. It is a welcome development. How to check jamb cbt results 2017
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Jonathan!!!

Gagaun! Sanusi should be invited. Emiefule be wise!

Don't take the blame for anyone

naijafengist:
I love this. It is a welcome development

yes



they cant just sweep it under the carpet

Squandered!!!


Relooting the looted

look @ hw fat the bitch is

a

CBN should declare it, if they have nothing to hide

way to go. more of these

Ok

CBN! Una don loot the assets also?

Kai


OCEANIC BANK


if to say



https://www.youtube.com/watch?v=ttkGYDGFwJk

benedictnsi:
hmm.... this woman that singlehandedly made Oceanic Bank to liquidate.... SMH for her

As if my 2 friends saw the redflags ahead,they both lef. One works with stanbi ibtc and the other is on his own and doing well.

robosky02:



the shareholders can HOPE again

we had a government then that witch hunted the bank and were in a hurry to see it go down


the kind of fight they do against corruption without a fair hearing

Not forgetting that those guys fleeced those banks of a lot money, lived in so much affluence with people's investments. I worked at the airport when Cecilia was helmsman at Oceanic, she was like a god with so many personal assistants, mostly ladies.

Over to you CBN.

bejeria101:
CBN! Una don loot the assets also?

I tell you, this is a case of CBN looting from a looter

We just hope for the best

benedictnsi:
hmm.... this woman that singlehandedly made Oceanic Bank to liquidate.... SMH for her

Say only what you know. Oceanic bank and intercontinental bank were not just solid, but firm and making great profits. Mind you, Oceanic bank was the best paying bank then whereas intercontinental bank was winning the best brand back to back.

Those banks and their MD's were victimised because of personal beef. The then CBN governor and his team felt they have had enough just because certain MD's like Tony Elumelu, Jim Ovia, Erastus Akingbola and Cecilia Ibru have been at the helm of affairs even when the then CBN governor just just joined banking.

Did you ask yourself what led to the then CBN governor emerging as one even though he has just been appointed an MD of first bank a couple of months earlier?

Same way the same cartel saw that Soludo was removed as CBN governor to ensure someone ready to fight their dirty fight emerged to paint the aforementioned. But since they couldn't get the big fishes(Jim & Elumelu) Cecilia became the sacrificial lamb.

Hope you are equally aware that till date they could not convict Akingbola or point out his wrongs? Rather they hurriedly sold a whole intercontinental bank for 16b to a man owing same intercontinental 17b.

Now, who is fooling who?

bejeria101:


As if my 2 friends saw the redflags ahead,they both lef. One works with stanbi ibtc and the other is on his own and doing well.

amibo who ask u

AFONAMARO:


Say only what you know. Oceanic bank and intercontinental bank were not just solid, but firm and making great profits. Mind you, Oceanic bank was the best paying bank then whereas intercontinental bank was winning the best brand back to back.

Those banks and their MD's were victimised because of personal beef. The then CBN governor and his team felt they have had enough just because certain MD's like Tony Elumelu, Jim Ovia, Erastus Akingbola and Cecilia Ibru have been at the helm of affairs even when the then CBN governor just just joined banking.

Did you ask yourself what led to the then CBN governor emerging as one even though he has just been appointed an MD of first bank a couple of months earlier?

Same way the same cartel saw that Soludo was removed as CBN governor to ensure someone ready to fight their dirty fight emerged to paint the aforementioned. But since they couldn't get the big fishes(Jim & Elumelu) Cecilia became the sacrificial lamb.

Hope you are equally aware that till date they could not convict Akingbola or point out his wrongs? Rather they hurriedly sold a whole intercontinental bank for 16b to a man owing same intercontinental 17b.

Now, who is fooling who?

thank you

that was the true position. just like the kind of corruption they fight this days were they target certain people and witch hunt them

AFONAMARO:


Say only what you know. Oceanic bank and intercontinental bank were not just solid, but firm and making great profits. Mind you, Oceanic bank was the best paying bank then whereas intercontinental bank was winning the best brand back to back.

Those banks and their MD's were victimised because of personal beef. The then CBN governor and his team felt they have had enough just because certain MD's like Tony Elumelu, Jim Ovia, Erastus Akingbola and Cecilia Ibru have been at the helm of affairs even when the then CBN governor just just joined banking.

Did you ask yourself what led to the then CBN governor emerging as one even though he has just been appointed an MD of first bank a couple of months earlier?

Same way the same cartel saw that Soludo was removed as CBN governor to ensure someone ready to fight their dirty fight emerged to paint the aforementioned. But since they couldn't get the big fishes(Jim & Elumelu) Cecilia became the sacrificial lamb.

Hope you are equally aware that till date they could not convict Akingbola or point out his wrongs? Rather they hurriedly sold a whole intercontinental bank for 16b to a man owing same intercontinental 17b.

Now, who is fooling who?

Someone should tell me this is not true.

the new headquarters oceanic was buildings in VI den still lies abandoned, even the cranes of the construction coy still dey der. waste. most of her lands in chevron axis too lie fallow

...........Let me use dis opportunity to advise guys who foolishily follow/live their lives to please girls. U are on ur way to your early grave.
See the way nairalanders adores some stupid girls here makes me go gaga. I dont really undastand whats so special about their toto or nyash or breast.
It takes only a woman to bring a very strong man to his knees.
For Gods sake why do men follow women about like sheep with direction.
A gal dat mensturates evry 28days, wets her dirty smelling pants, yet u behave like an idiot before her. Wetin they hungry u for her stupid body?
ThankGod for my kind of friends.

seen

kuchikau:
...........Let me use dis opportunity to advise guys who foolishily follow/live their lives to please girls. U are on ur way to your early grave.
See the way nairalanders adores some stupid girls here makes me go gaga. I dont really undastand whats so special about their toto or nyash or breast.
It takes only a woman to bring a very strong man to his knees.
For Gods sake why do men follow women about like sheep with direction.
A gal dat mensturates evry 28days, wets her dirty smelling pants, yet u behave like an idiot before her. Wetin they hungry u for her stupid body?
ThankGod for my kind of friends.

Are you a gay?