Cecilia Ibru Gets Six Months In Jail


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 managing director was convicted of bank and securities fraud earlier today by a federal high court in Ikoyi, Lagos, presided over by Justice Dan Abutuin .

The judge said Mrs. Ibru will not get one month credit for time already spent in EFCC custody during her arrest and interrogation. Her six months jail time would run concurrently. She was convicted on several counts of bank and security fraud.

Mrs. Ibru has vast assets throughout the world and some of the properties at stake include:

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).

51. 29 Real estates in Dubai

52. Seven residential properties in Dubai

53. 15 Real Property in South Africa

54. Other properties in London, England

55. Abridged Shares In listed Nigerian Companies without limitation

Source: 234next.com

12 COMMENTS

  1. dat should not just be her punishment. All assets listed above should equally be impounded…
    That would be referred to as JUSTICE

  2. Only one person with all this properties… what a country…. she should be serving that term with hard labour… greedy nigerians

  3. Nawaa oo! Big man, big trouble. Nija,nawaa 4 U oo! D rich is gettng richer while d poor is jst restng in d earth hell fire waitng 4 d main one whn they die. Nija! I hail U,U 2 much!

  4. wat is ur joy wen u gain d whole world and u lose ur soul due 2 greed nd self-centredness.definately if true she is responsible 4 al dis,men her purnishment is waitin4 her where she knows

  5. We should fair Allah we come to this world with noting and we go with nothing this should be a lesson to other i am sorry for you ma such is life please

  6. God save Nigeria. There are thousands of them out there. How serious how we to get them return the people assets back to them.

  7. Please EFCC she is not the only person to be in this fraudulent management. Please set eyes on other managers for the bettrness of our country. God work done!!

  8. because she is not a politician. let her enjoy her hardworks she is learned & not a politican. if u are vexed go &n open ur own bank

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