Mrs. Cecilia Ibru, the former managing director of Oceanic Bank PLC, is to spend six months in jail and  forfeit over N150 billion Naira in assets and cash.

The former MD was convicted of bank and securities fraud and was convicted earlier today by a federal high court judge preisded over by Justice Dan Abutuin Ikoyi, Lagos.

However, the judge provided what amounts to a slap on the wrist by giving her only six months jail time. The judge said Mrs. ibru  will not get 1 -month credit for time already spent in EFCC custody during her arrest and interrogation. Her six months jail time would run concurrently as she was convicted on several counts of bank and security fraud.

Mrs. Ibru has vast assets throughout the world.

Cecilia Ibru Assets At Stake:

List of frozen assets World Wide Assets

1. Good Shepherd House, IPM Avenue , Opp Secretariat, Alausa, Ikeja, Lagos (registered in the name of Ogekpo Estate Managers)

2. Residential block with 19 apartments on 34, Bourdillon Road , Ikoyi (registered in the name of Dilivent International Limited).

3. 20 Oyinkan Abayomi Street, Victoria Island (remainder of lease or tenancy upto 2017).

4. 57 Bourdillon Road , Ikoyi.

5. 5A George Street , Ikoyi, (registered in the name of Michaelangelo Properties Limited),

6. 5B George Street , Ikoyi, (registered in the name of Michaelangelo Properties Limited).

7. 4A Iru Close, Ikoyi, (registered in the name of Michaelangelo Properties Limited).

8. 4B Iru Close, Ikoyi, (registered in the name of Michaelangelo Properties Limited).

9. 16 Glover Road , Ikoyi (registered in the name of Michaelangelo Properties Limited).

10. 35 Cooper Road , Ikoyi, (registered in the name of Michaelangelo Properties Limited).

11. Property situated at 3 Okotie-Eboh, SW Ikoyi. 12. 35B Isale Eko Avenue , Dolphin Estate, Ikoyi.

13. 38A Isale Eko Avenue , Dolphin Estate, Ikoyi (registered in the name of Meeky Enterprises Limited).

14. 38B Isale Eko Avenue , Dolphin Estate, Ikoyi (registered in the name of Aleksander Stankov).

15. Multiple storey multiple user block of flats under construction 1st Avenue , Banana Island , Ikoyi, Lagos , (with beneficial interest therein purchased from the developer Ibalex).

16. 226, Awolowo Road , Ikoyi, Lagos (registered in the name of Ogekpo Estate Managers).

17. 182, Awolowo Road , Ikoyi, Lagos , (registered in the name of Ogekpo Estate Managers)

18. 12-storey Tower on one hectare of land at Ozumba Mbadiwe Water Front, Victoria Island .

19. 5, Adeola Odeku Street, Victoria Island, Lagos (registered in the name of Casi Properties & Investment Ltd).

20. 18A, Adetokubo Ademola Street , Victoria Island, Lagos (registered in the name of Casi Properties & Investment Ltd).

21. 270, Ozumba Mbadiwe , Victoria Island, Lagos (registered in the name of Casi Properties & Investment Ltd)

22. 270, Ozumba Mbadiwe , Victoria Island, Lagos (registered in the name of Ogekpo Estate Managers Limited).

23. 15,000 square metres of land at Okunade Water Front, Lekki Peninsula .

24. 7,000 square metres of land at Okunade Water Front, Lekki Peninsula - (registered in the name of Melake Properties Limited).

25. 8,000 square metres of land at Okunade Water Front, Lekki Peninsula - (registered in the name of (Casi Properties Limited). 26. 1,000,000 square metres of land in Lekki.

27. 101 hectares of land along Lekki Expressway behind Chevron Nigeria .

28. 103 hectares of land bought from Dom Gas

29. Plot 5, Igbo-Efon, Off Lekki/Ajah Expressway, Victoria Island, Lagos by 1004 (registered in the name of Casi Properties & Investment Ltd)

30. Block 6, Flat 1 &2, Femi Okunnu H/Scheme Phase IV- Lekki (registered in the name of Oceanic Homes Savings & Loans Ltd)

31. One storey building at 50 Marina , Lagos .

32. 10 storey building at 60 Marina , Lagos .

33. 60, Marine View, Apongbon, Marina , Lagos (registered in the name of Dele Oye & Associates)

34. 10, Sobo Arobidu Street , Ikeja, GRA (registered in the name of Jeedab Fibre Limited).

35. Property at 10A Sobo Arobiodu Street , Ikeja (registered in the name of Chiaroscuro Limited).

36. AP Filling Station (Beside Former Hotel Bobby) Onipanu Lagos , (registered in the name of Vivi Oil Investments Limited).

37. Building at 154, Ikorodu Road , Lagos (registered in the name of Casi Properties & Investment Ltd).

38. Ilemba Hausa Road , Ajamgbadi, Lagos (registered in the name of Vivi Oil & Gas Company Limited).

39. Land at Iyana Ipaja Round About, Iyana Ipaja, Lagos , (registered in the name of Vivi Oil Investments Limited).

40. Building at 7, Randle Road , Apapa, Lagos , (registered in the name of Ogekpo Estate Managers Limited)

41. Block 34, Flat 6, LSDPC Housing Estate, Ebute-Metta Lagos (registered in the name of Ogekpo Estate Managers Limited)

42. Three residential towers at Port Harcourt , GRA. 43. 22 Sani Abacha Way, Port Harcourt, GRA (registered in the name of Velvox Investment Company Limited).

44. Metro Plaza Building , 991/992 Zakari Maimalari Street , Central Area, Zone 5, Abuja , (registered in the name of Abinof Food Company Limited).

45. The 4 Floor Building at Herbert Macaulay Way , Wuse Zone 6, Abuja (registered in the name of Casi Properties and Investment Ltd).

46. Metro Plaza Building, ANNEXE B, Zakariya Maimalari Street, Cadastral Zone, AOO, C.B.D, Abuja (registered in the name of MST Properties West Africa Ltd).

47. Flats 1-4, Block D33, Abuja Games Village , Abuja (registered in the name of Convent Trade & Services Limited).

48. Block D33 (Flat 1-4) Games Village , Abuja (registered in the name of Casi Properties and Investment Ltd).

49. Block B40, Flat 5 & 6, Zone 3, Gymnastic Games Village (registered in the name of Oceanic Homes Savings & Loans Limited).

50. Executive Guest House, 4 bedroom Bungalow, Ndanuba Street , Maitama, Abuja (registered in the name of Ogekpo Estate Manager Limited). 51. Executive Guest House, Ali Akilu Crescent , Asokoro, Abuja , (registered in the name of Ogekpo Estate Managers Limited). 29 Real Estate Propert in Dubai 7

Residential Property: Dubai 15 Real Property: South Africa Real Property: London, England Abridged Shares In listed Nigerian Companies without limitation:



1. Access Bank Plc - (44,800,000 ordinary shares held by Prisky Gold Nigeria Limited)

2. Africa Petroleum Plc - (3,252 shares held by Prisky Gold Nigeria Ltd)

3. BGL Plc - (8,140,500 shares held by Eniofor Limited)

4. First Bank of Nigeria Plc  (275,795,139 shares held through Cloudy Heights Limited, Circular Global International Limited and Bliss Bloss Integrated Services Limited).

5. Dangote Flour Plc - 8,140,500 shares held by Prisky Gold Nigeria Ltd.

6. Dangote Sugar Refinery Plc - (12,480,000 shares held by Prisky Gold Nigeria Limited).

7. Fidelity Bank Plc - (12,500 shares held by Prisky Gold Nigeria Ltd).

8. First City Monument Bank Plc - (7,142,800 shares held by Prisky Gold Nigeria Limited).

9. Glaxo SmithKline Consumer Plc - (119,740 shares held by Prisky Gold Nigeria Limited)

10. Guaranty Trust Bank Plc - (110,000 ordinary shares held by Prisky Gold Nigeria Ltd)

11. Japaul Oil Plc - (25,316,400 shares held by Prisky Gold Nigeria Limited)

12. Nestle Nigeria Plc (1,915 shares held by Prisky Gold Nigeria Limited)

13. Nigerian Bottling Company Plc - (11,383,000 shares held by Prisky Gold Nigeria Limited)

14. Oando Plc - (334,367 shares held by Prisky Gold Nigeria Limited and 13,200,000 shares held by Velvox Investment Company Limited)

15. Oceanic Bank Intercontinental Plc - (254,100 shares held by Prisky Gold Nigeria Limited and 431,201,702 shares held by Africa Lloyd Limited)

16. Oceanic Vintage Fund - (100,000,000 units held by Prisky Gold Nigeria Limited)

17. Bank PHB Plc - (93,800,100 shares held by Prisky Gold Nigeria Limited)

18. R T Briscoe - (585 shares held by Prisky Gold Nigeria Limited)

19. Total Nigeria Plc - (24,118,588 shares held by Prisky Gold Nigeria Limited)

20. Transcorp Plc - (200,000,000 shares held by Prisky Gold Nigeria Limited) 21. UAC of Nigeria Plc - (1,125, shares held by Prisky Gold Nigeria Limited)

22. UPDC Nigeria Plc - (4,029 shares held by Prisky Gold Nigeria Limited)

23. Unilever Nigeria Plc - (145,850 shares held by Prisky Gold Nigeria Limited)

24. United Bank for Africa Plc - (109,121 shares held by Prisky Gold Nigeria Limited)

25. Union Bank of Nigeria Plc - (13,300,000 shares held by Prisky Gold Nigeria Limited)

26. Vitafoam Nigeria Plc - (1,197 shares held by Prisky Gold Nigeria Limited)

27. Lafarge Cement Wapco Nigeria Plc (23,142 shares held by Prisky Gold Nigeria Limited).

28. Zenith Bank Plc - (10,280,000 shares held by Prisky Gold Nigeria Limited)

29. Oceanic Bank Plc - (2,323,841,722 shares held by Arata Nigeria Limited)

30. Oceanic Bank Plc - (1,631,250,000 shares held by Meeky Ent. Ltd) 31. Oceanic Bank Plc - (1,012,500,000 shares held by Mas Mackoy Ltd)

32. Oceanic Bank Plc - (431, 202,702 shares held by Africa Lloyd Limited)

33. Oceanic Bank Plc - (345,833,332 shares held by Ibru C.A. .O)

34. Oceanic Bank Plc - (142,282,300 shares held by Casi Properties and Investment). 35. Oceanic Bank Plc - (98,993,775 shares held by Zatlins Ventures Limited A/c 385359)

36. Oceanic Bank Plc - ( 94,159,575 shares held by Comvet Trades & Services Ltd)

37. Oceanic Bank Plc - ( 52,078,175 shares held by Mac-Mackoy Limited)

38. Oceanic Bank Plc - ( 44,000,000 shares held by Oceanic SSITF)

39. Oceanic Bank Plc - (30,758,500 shares held by Dilivent International Limited)

40. Oceanic Bank Plc - (25,000,000 shares held by Cecilia Ibru)

41. Oceanic Bank Plc - ( 18,440,990 shares held by BFCL Investment A/C)

42. Oceanic Bank Plc - ( 12,212,500 shares held by Ogekpo Industries Ltd)

43. Oceanic Bank Plc - ( 12,121,225 shares held by Zatlins Ventures Ltd, A/C 148068)

44. Oceanic Bank Plc - ( 10,000,000 shares held by Micheal Cecilia Educational Foundation).

45. Oceanic Bank Plc - ( 4,955,625 shares held by Ogekpo Estates Limited)

46. Oceanic Bank Plc - (1,250,000 shares held by Ibafon Oil Ltd).

47. Oceanic Bank Plc - ( 292,775 shares held by Melake Enterprises Ltd).

48. Oceanic Bank Plc - ( 292,775 shares held by Melake Properties Ltd).

49. Oceanic Bank Plc - ( 292,775 shares held by Melake Technologies Ltd).

50. Oceanic Bank Plc - ( 78,993,750 shares held by Spanord Investment Co. Ltd).

51. Oceanic Bank Plc - ( 77,500,000 shares held by Aggregated Property Limited).

52. Oceanic Bank Plc - (77,500,000 shares held by Quartz Property Company).

53. Oceanic Bank Plc - 73,500,000 shares held by Arnott & Callman Investment).

Cars,  and personal assets at 20 Oyinkan Abayomi Street , Victoria Island

Two aircrafts worth $100 million

http://saharareporters.com/news-page/former-md-oceanic-bank-cecilia-ibru-convicted-bank-fraud

so they are telling us to dey steal money dey go after all na only six months be the jail term. Naja I hail thee.

@poster, where did you get all these?

Wait o! Na only cicilia ibru get all those assets, bought over with OPM.

JESUS,I REALLY WISH AM IN THAT WOMAN'S SHOES, THREW THE BOOK AT ME, IT IS FULL OF MONEY

auwal87:

@poster, where did you get all these?

Haba! these are public records, approach the court for free records

Hmmmmmm, lets see what happens to the other accused MDs, if they are found guilty, they too will go to jail. I look forward to a time when this will be extended to political office holders too so that everybody go dey fear to chop another person money. Naija, it will be well with us.

I need to stop work and GO HOME !

What's the point !

150 Billion !

It's like to more severe your crime is in nigeria, the less time you get.The more petty/small your crime is the highest kind sentencing you will get.

Remember u heard it here first.next ibb please keep watching your back.more to follow.it wont be an easy sail though but underate gej at your peril.

. . . . . . . . . . This judgement just LEGALISED corruption in Nigeria . . . . . . . . . .


Was it a plea - bargain judgement?


Honesty doesnot pay in this country at all!!!!!

antrax enta my computer,i get brain failure as i read am finish,i de go sleep abeg.

This is progress as far as Nigeria is concerned. At least they got her to return the stolen assets. Did Bode George return anything? What about Igbinedion who was hit with a paltry fine and took the cash to court to settle?

just 6 months? Why would corruption not continue

So how much did Justice Dan Abutuin get?

warrior01:

Mrs. Ibru has vast assets throughout the world.

Cecilia Ibru Assets At Stake:

List of frozen assets World Wide Assets

1. Good Shepherd House, IPM Avenue , Opp Secretariat, Alausa, Ikeja, Lagos (registered in the name of Ogekpo Estate Managers)

2. Residential block with 19 apartments on 34, Bourdillon Road , Ikoyi (registered in the name of Dilivent International Limited).

3. 20 Oyinkan Abayomi Street, Victoria Island (remainder of lease or tenancy upto 2017).

4. 57 Bourdillon Road , Ikoyi.

5. 5A George Street , Ikoyi, (registered in the name of Michaelangelo Properties Limited),

6. 5B George Street , Ikoyi, (registered in the name of Michaelangelo Properties Limited).

7. 4A Iru Close, Ikoyi, (registered in the name of Michaelangelo Properties Limited).

8. 4B Iru Close, Ikoyi, (registered in the name of Michaelangelo Properties Limited).

9. 16 Glover Road , Ikoyi (registered in the name of Michaelangelo Properties Limited).

10. 35 Cooper Road , Ikoyi, (registered in the name of Michaelangelo Properties Limited).

11. Property situated at 3 Okotie-Eboh, SW Ikoyi. 12. 35B Isale Eko Avenue , Dolphin Estate, Ikoyi.

13. 38A Isale Eko Avenue , Dolphin Estate, Ikoyi (registered in the name of Meeky Enterprises Limited).

14. 38B Isale Eko Avenue , Dolphin Estate, Ikoyi (registered in the name of Aleksander Stankov).

15. Multiple storey multiple user block of flats under construction 1st Avenue , Banana Island , Ikoyi, Lagos , (with beneficial interest therein purchased from the developer Ibalex).

16. 226, Awolowo Road , Ikoyi, Lagos (registered in the name of Ogekpo Estate Managers).

17. 182, Awolowo Road , Ikoyi, Lagos , (registered in the name of Ogekpo Estate Managers)

18. 12-storey Tower on one hectare of land at Ozumba Mbadiwe Water Front, Victoria Island .

19. 5, Adeola Odeku Street, Victoria Island, Lagos (registered in the name of Casi Properties & Investment Ltd).

20. 18A, Adetokubo Ademola Street , Victoria Island, Lagos (registered in the name of Casi Properties & Investment Ltd).

21. 270, Ozumba Mbadiwe , Victoria Island, Lagos (registered in the name of Casi Properties & Investment Ltd)

22. 270, Ozumba Mbadiwe , Victoria Island, Lagos (registered in the name of Ogekpo Estate Managers Limited).

23. 15,000 square metres of land at Okunade Water Front, Lekki Peninsula .

24. 7,000 square metres of land at Okunade Water Front, Lekki Peninsula - (registered in the name of Melake Properties Limited).

25. 8,000 square metres of land at Okunade Water Front, Lekki Peninsula - (registered in the name of (Casi Properties Limited). 26. 1,000,000 square metres of land in Lekki.

27. 101 hectares of land along Lekki Expressway behind Chevron Nigeria .

28. 103 hectares of land bought from Dom Gas

29. Plot 5, Igbo-Efon, Off Lekki/Ajah Expressway, Victoria Island, Lagos by 1004 (registered in the name of Casi Properties & Investment Ltd)

30. Block 6, Flat 1 &2, Femi Okunnu H/Scheme Phase IV- Lekki (registered in the name of Oceanic Homes Savings & Loans Ltd)

31. One storey building at 50 Marina , Lagos .

32. 10 storey building at 60 Marina , Lagos .

33. 60, Marine View, Apongbon, Marina , Lagos (registered in the name of Dele Oye & Associates)

34. 10, Sobo Arobidu Street , Ikeja, GRA (registered in the name of Jeedab Fibre Limited).

35. Property at 10A Sobo Arobiodu Street , Ikeja (registered in the name of Chiaroscuro Limited).

36. AP Filling Station (Beside Former Hotel Bobby) Onipanu Lagos , (registered in the name of Vivi Oil Investments Limited).

37. Building at 154, Ikorodu Road , Lagos (registered in the name of Casi Properties & Investment Ltd).

38. Ilemba Hausa Road , Ajamgbadi, Lagos (registered in the name of Vivi Oil & Gas Company Limited).

39. Land at Iyana Ipaja Round About, Iyana Ipaja, Lagos , (registered in the name of Vivi Oil Investments Limited).

40. Building at 7, Randle Road , Apapa, Lagos , (registered in the name of Ogekpo Estate Managers Limited)

41. Block 34, Flat 6, LSDPC Housing Estate, Ebute-Metta Lagos (registered in the name of Ogekpo Estate Managers Limited)

42. Three residential towers at Port Harcourt , GRA. 43. 22 Sani Abacha Way, Port Harcourt, GRA (registered in the name of Velvox Investment Company Limited).

44. Metro Plaza Building , 991/992 Zakari Maimalari Street , Central Area, Zone 5, Abuja , (registered in the name of Abinof Food Company Limited).

45. The 4 Floor Building at Herbert Macaulay Way , Wuse Zone 6, Abuja (registered in the name of Casi Properties and Investment Ltd).

46. Metro Plaza Building, ANNEXE B, Zakariya Maimalari Street, Cadastral Zone, AOO, C.B.D, Abuja (registered in the name of MST Properties West Africa Ltd).

47. Flats 1-4, Block D33, Abuja Games Village , Abuja (registered in the name of Convent Trade & Services Limited).

48. Block D33 (Flat 1-4) Games Village , Abuja (registered in the name of Casi Properties and Investment Ltd).

49. Block B40, Flat 5 & 6, Zone 3, Gymnastic Games Village (registered in the name of Oceanic Homes Savings & Loans Limited).

50. Executive Guest House, 4 bedroom Bungalow, Ndanuba Street , Maitama, Abuja (registered in the name of Ogekpo Estate Manager Limited). 51. Executive Guest House, Ali Akilu Crescent , Asokoro, Abuja , (registered in the name of Ogekpo Estate Managers Limited). 29 Real Estate Propert in Dubai 7

Residential Property: Dubai 15 Real Property: South Africa Real Property: London, England Abridged Shares In listed Nigerian Companies without limitation:



1. Access Bank Plc - (44,800,000 ordinary shares held by Prisky Gold Nigeria Limited)

2. Africa Petroleum Plc - (3,252 shares held by Prisky Gold Nigeria Ltd)

3. BGL Plc - (8,140,500 shares held by Eniofor Limited)

4. First Bank of Nigeria Plc  (275,795,139 shares held through Cloudy Heights Limited, Circular Global International Limited and Bliss Bloss Integrated Services Limited).

5. Dangote Flour Plc - 8,140,500 shares held by Prisky Gold Nigeria Ltd.

6. Dangote Sugar Refinery Plc - (12,480,000 shares held by Prisky Gold Nigeria Limited).

7. Fidelity Bank Plc - (12,500 shares held by Prisky Gold Nigeria Ltd).

8. First City Monument Bank Plc - (7,142,800 shares held by Prisky Gold Nigeria Limited).

9. Glaxo SmithKline Consumer Plc - (119,740 shares held by Prisky Gold Nigeria Limited)

10. Guaranty Trust Bank Plc - (110,000 ordinary shares held by Prisky Gold Nigeria Ltd)

11. Japaul Oil Plc - (25,316,400 shares held by Prisky Gold Nigeria Limited)

12. Nestle Nigeria Plc (1,915 shares held by Prisky Gold Nigeria Limited)

13. Nigerian Bottling Company Plc - (11,383,000 shares held by Prisky Gold Nigeria Limited)

14. Oando Plc - (334,367 shares held by Prisky Gold Nigeria Limited and 13,200,000 shares held by Velvox Investment Company Limited)

15. Oceanic Bank Intercontinental Plc - (254,100 shares held by Prisky Gold Nigeria Limited and 431,201,702 shares held by Africa Lloyd Limited)

16. Oceanic Vintage Fund - (100,000,000 units held by Prisky Gold Nigeria Limited)

17. Bank PHB Plc - (93,800,100 shares held by Prisky Gold Nigeria Limited)

18. R T Briscoe - (585 shares held by Prisky Gold Nigeria Limited)

19. Total Nigeria Plc - (24,118,588 shares held by Prisky Gold Nigeria Limited)

20. Transcorp Plc - (200,000,000 shares held by Prisky Gold Nigeria Limited) 21. UAC of Nigeria Plc - (1,125, shares held by Prisky Gold Nigeria Limited)

22. UPDC Nigeria Plc - (4,029 shares held by Prisky Gold Nigeria Limited)

23. Unilever Nigeria Plc - (145,850 shares held by Prisky Gold Nigeria Limited)

24. United Bank for Africa Plc - (109,121 shares held by Prisky Gold Nigeria Limited)

25. Union Bank of Nigeria Plc - (13,300,000 shares held by Prisky Gold Nigeria Limited)

26. Vitafoam Nigeria Plc - (1,197 shares held by Prisky Gold Nigeria Limited)

27. Lafarge Cement Wapco Nigeria Plc (23,142 shares held by Prisky Gold Nigeria Limited).

28. Zenith Bank Plc - (10,280,000 shares held by Prisky Gold Nigeria Limited)

29. Oceanic Bank Plc - (2,323,841,722 shares held by Arata Nigeria Limited)

30. Oceanic Bank Plc - (1,631,250,000 shares held by Meeky Ent. Ltd) 31. Oceanic Bank Plc - (1,012,500,000 shares held by Mas Mackoy Ltd)

32. Oceanic Bank Plc - (431, 202,702 shares held by Africa Lloyd Limited)

33. Oceanic Bank Plc - (345,833,332 shares held by Ibru C.A. .O)

34. Oceanic Bank Plc - (142,282,300 shares held by Casi Properties and Investment). 35. Oceanic Bank Plc - (98,993,775 shares held by Zatlins Ventures Limited A/c 385359)

36. Oceanic Bank Plc - ( 94,159,575 shares held by Comvet Trades & Services Ltd)

37. Oceanic Bank Plc - ( 52,078,175 shares held by Mac-Mackoy Limited)

38. Oceanic Bank Plc - ( 44,000,000 shares held by Oceanic SSITF)

39. Oceanic Bank Plc - (30,758,500 shares held by Dilivent International Limited)

40. Oceanic Bank Plc - (25,000,000 shares held by Cecilia Ibru)

41. Oceanic Bank Plc - ( 18,440,990 shares held by BFCL Investment A/C)

42. Oceanic Bank Plc - ( 12,212,500 shares held by Ogekpo Industries Ltd)

43. Oceanic Bank Plc - ( 12,121,225 shares held by Zatlins Ventures Ltd, A/C 148068)

44. Oceanic Bank Plc - ( 10,000,000 shares held by Micheal Cecilia Educational Foundation).

45. Oceanic Bank Plc - ( 4,955,625 shares held by Ogekpo Estates Limited)

46. Oceanic Bank Plc - (1,250,000 shares held by Ibafon Oil Ltd).

47. Oceanic Bank Plc - ( 292,775 shares held by Melake Enterprises Ltd).

48. Oceanic Bank Plc - ( 292,775 shares held by Melake Properties Ltd).

49. Oceanic Bank Plc - ( 292,775 shares held by Melake Technologies Ltd).

50. Oceanic Bank Plc - ( 78,993,750 shares held by Spanord Investment Co. Ltd).

51. Oceanic Bank Plc - ( 77,500,000 shares held by Aggregated Property Limited).

52. Oceanic Bank Plc - (77,500,000 shares held by Quartz Property Company).

53. Oceanic Bank Plc - 73,500,000 shares held by Arnott & Callman Investment).

Cars,  and personal assets at 20 Oyinkan Abayomi Street , Victoria Island

Two aircrafts worth $100 million

http://saharareporters.com/news-page/former-md-oceanic-bank-cecilia-ibru-convicted-bank-fraud

Do all these belong to an individual, company or country KAI! KAI! GA KUDI!!

I am shocked beyond words. 98% of our population survive on less than a dollar a day for no fault of theirs. 80% of our youth are unemployed, majority of them with first and masters degrees. If Cecelia Ibru who has never held a government position can be a BILLIONAIRE just from fraudulently running a small bank, imagine what IBB,ATIKU,OBJ,ABDULSALAM,CIROMA,GUSAU,JONATHAN,ABACHA FAMILY,YAR'ADUA FAMILY,DANJUMA,ALL GOVERNORS AND MINISTERS PAST AND PRESENT,ALL LOCAL GOVT CHAIRMEN AND COUNCELLORS PAST AND PRESENT, PDP STALWARTS,MILITARY GENERALS ETC,are worth!!! Does it surprise anyone why we do not have good roads, electricity, adequate health care,security,employment opportunities,good schools,housing,water,social welfare programmes?
The most unbearable thing is that these criminals are the ones that run our daily lives. How will things ever get better except we rise up and take our destiny in our own hands and bring these criminals to justice?
Cecelia Ibru got only six months for stealing hundreds of billions from the people!!! Amazing! An armed robber and a kidnapper gets the firing squad, but a pen robber who stole hundreds of billions gets tea and coffee!! ONLY IN NIGERIA!! Bernie Madoff got life sentence for defrauding his investors and all his assets seized and sold.
The people of Nigeria must rise and fight for survival. God is not going to do it and no one else will. We must organise and fight those who have made us slaves in our own land!!!

N150bn naira approximates to $1bn. I imagine these are some of the assets that were acquired illegally (until a superior court says otherwise) when Oceanic bank came into existence not long ago.

The icon of this family has been in stupendous wealth since the 50s. His net worth must be in billions of dollars, yet he doesnt get a mention/recognition by known international media like other billionaires freq do.

This raises the question of how much money does a human being need to be satisfied (and secured).

She needs to be executed as well.

If only we followed the Chinese Model!

Corruption would be a thing of the past.

I feel with this judgement, corruption is now formally legalised in Nigeria. So what this means is that anybody that is opportuned to be in charge of any office can go on and embezzle as much as he/she can. At the end of the day, you will be begged to return half of the loot, spend six months holiday in an open prison and thereafter go home happily a billionaire. If this is what the war against corruption is, then Nigeria is doomed.

The kleptomaniac in chief. This is what happens when you give a klepto access to money, they dont have limits on what they can steal.

She needs to be executed as well.

If only we followed the Chinese Model!

Corruption would be a thing of the past.

It's quite obvious we have different kinds of laws in Nigeria; one for the rich and another set for the poor. Just imagine what would have happened to a poor man that stole #100 on the street of Lagos. So unfair

The seizure of all these propertise and shares is more painful than some useless long jail term where does this woman want to start from. But let us call a spade a spade no human being should own this much in a country where there is so much poverty. This is classical greed in all it's ramifications

This is absolutely stupefying, To think that this woman gets away with this crime is a microcosom of how low the system has sank.

The seizure of all these propertise and shares is more painful than some useless long jail term where does this woman want to start from. But let us call a spade a spade no human being should own this much in a country where there is so much poverty. This is classical greed in all it's ramifications

I disagree with this opinion cos she still kept some properties running into billions of naira still. Some poor folks have gone to 8 years jail for less than one million naira and we are talking of billions here. FYI, do you know you can start six universal banks with (#25 billion each) in Nigeria with the amount siezed from this convict and to add salt to injury, she's an 'elder' in the church. She deserve to rot in jail

Its a shame that this woman gets just 6months for 150billion, when most hardworking Nigerians cannot save up 1million naira for 12months.

Just 6 months? It's a shame indeed!

I disagree with this opinion cos she still kept some properties running into billions of naira still. Some poor folks have gone to 8 years jail for less than one million naira and we are talking of billions here. FYI, do you know you can start six universal banks with (#25 billion each) in Nigeria with the amount siezed from this convict and to add salt to injury, she's an 'elder' in the church. She deserve to rot in jail

She is entitled to keep some houses which include her main residence in Lagos no matter d price plus one in her home town, probably one in Abuja and one abroad. As a chief executive of a bank she would be entitted to favaroble interest rates which d general public does not have accesss to, secondly she would be entitled to huge bonuses for expanding d bank over d years.

KnowAll:


She is entitled to keep some houses which include her main residence in Lagos no matter d price plus one in her home town, probably one in Abuja and one abroad. As a chief executive of a bank she would be entitted to favaroble interest rates which d general public does not have accesss to, secondly she would be entitled to huge bonuses for expanding d bank over d years.

Is that what the court says? I am just asking but I think it is only 150 bn thay the court seized because they can only seize what was traced to her to have come from the money that she stole. We all know that not all her money was stolen. She has other legal ways of making money too.

I feel she should get more than just 6 month. Anyway, let us see the gravity of the crime she was convicted for.

She is entitled to keep some houses which include her main residence in Lagos no matter d price plus one in her home town, probably one in Abuja and one abroad. As a chief executive of a bank she would be entitted to favaroble interest rates which d general public does not have accesss to, secondly she would be entitled to huge bonuses for expanding d bank over d years.

so, whatz the lesson to be learnt here? A pat at the back for stealing what was kept in trust? If what you are saying is the truth, then we are in trouble

I hope that she gets sent to a reaaaaal 9ja jail, y'know, where bored guards'll rape you five times a day, 'cept sundays

Guess the norm is now for all pen robbers to get 6 months. Check this out: Tafa Balogun, then Lucky Igbinedion and now Cecilia Ibru! Hmmmmmm, Nigeriaaaaaaaaaaa