Friday, February 25, 2011


CECILIA IBRU SIGHTED IN LONDON
SONS THROW LAVISH PARTY FOR HER FREEDOM
Coming on the heels of our earlier report that convicted former MD/CEO of Oceanic Bank, Plc, Mrs. Cecelia Ibru was recently sighted at the American Embassy on Walter Carrington crescent, Victoria Island, Lagos, a developing twist on her whereabouts has emerged.
it was gathered from authoritative sources that Mrs. Ibru is currently holed in London, UK, where she is recuperating and savouring the air of her reported freedom having supposedly completed her six-month jail sentence.
Although, Mrs. Ibru didn’t do her term within the Prisons, rather she was hospitalized at a prestigious hospital at Idowu Martins, Victoria Island before approaching the court in October, 2010 for a transfer to the Lagos University Teaching Hospital (LUTH), Idi Araba, Lagos to enable her seek better medical attention.
It was revealed that Cecelia Ibru, who is reported to be suffering from cardiac-related ailment, was therefore moved to LUTH last November.
It is believed that her visit to the American Embassy, as reported, was in anticipation of her freedom.
Sources claimed that the ailing, but discredited matriarch of the fabulously rich Ibru dynasty, as at the time of sighting her, was upbeat and showed sign of better recovery from the trauma of her sad experience.
Our source claimed that Cecilia Ibru is currently enjoying her new lease of life at her expensive mansion located in St. John’s Wood in north-west London. It was said that her two sons, Obaro and Oboden, who had held executive positions in Oceanic Bank Plc before the axe fell on their mother, were seen out and about with her. There is evidence that the family may have put the experience behind them and back to their grandiose displays of wealth and exotic lifestyle.
Part of the information scooped by First Weekly also revealed that her charming and extravagant son, Obaro was seen partying in obvious celebration of her mother’s ‘pyrrhic victory’, at least as a freed e x-convict.
A privilege source claimed that the Ibrus’ London mansion is estimated to worth several million of pounds and highly regarded as an urbane neighbourhood for the rich and jet-set in London.
Few other Nigerians who own properties in the gated community include indicted former MD of Bank PHB, Mr. Francis Atuche, whose house is located on 59 Avenue Close, Avenue road, billionaire businessman, Terry Wayas and troubled former governor of Delta State, James, whose apartment located on Abbey Road, all in St. John’s Wood may have been confiscated for money laundering offences.
It will be recalled that Cecilia Ibru, alongside five other former bank MDs were axed by the Central Bank of Nigeria (CBN) for offenses, which ranged from insider abuses, infractions on rules on corporate governance, embezzlement of depositors funds and money laundering.
The Economic and Financial Crimes Commission (EFCC), therefore dragged her before the Federal High Court presided over by Justice Dan Abutu, where she eventually pleaded guilty on an abridged three-count charge. She admitted to granting $20 million and N2 billion credit facilities above her limit, as recommended by the CBN, and sentenced to six months imprisonment without any option of fine.
The initially appreciated and award-wining banker, before her conviction, entered into a plea-bargain with the EFCC in which she forfeited N191 billion assets, including 49 properties in Nigeria, United States and Dubai to the federal government-owned Assets Management Corporation of Nigeria (AMCORN).

CECILIA IBRU SIGHTED AT THE US EMBASSY ON WHEELCHAIR

SHE CAME TO OBTAIN VISA – SOURCE

Former Managing Director/Chief Executive Officer of Oceanic International Bank Plc, Mrs. Cecilia Ibru was recently sighted at the US embassy on Walter Carrington Street, Victoria Island, Lagos for reasons sources attributed to her intent to renew her traveling visa.

The erstwhile Amazon of the banking world in the country, who is currently serving a jail term for embezzlement of depositors fund running into several millions of dollars as exposed by the whistle-blowing Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, visited the embassy on the 25th of January, 2011.

Mrs. Ibru was reported to have arrived the heavily fortified American embassy at about 3pm in a wheelchair and driven to the embassy by five female Prisons officials and four other of their male counterparts. Sources at the embassy hinted that Cecilia was conveyed in a Nigerian Prisons ambulance and accompanied by Toyota Hiace, with their registration plate numbers covered.

it was gathered that Mrs. Ibru was not accorded any VIP treatment by the embassy staffers and was shorn of the influences and power she exuded in her erstwhile position as Oceanic MD. Rather, she was said to have emaciated greatly, with her hyped debilitating ailment having taken a heavy toll on her. The indication that times have definitely changed for the matriarch of the Ibru dynasty was demonstrated by the embassy staffers refusing her entry into the embassy premises on her wheelchair. The staffers were reportedly uncompromising on their stance and only conveyed her in on an alternative wheelchair provided by the embassy.

Check by us revealed that the refusal of the embassy officials to allow her entry on her wheelchair was for security purposes and not connected with her present status as a convict.

The troubled Mrs. Ibru emerged an hour later, which signaled the completion of our intention at the embassy.

It will be recalled that Cecilia Ibru and some other erstwhile bank helmsmen, including those of Afribank, Finbank, Bank PHB, Union Bank were axed by the CBN for offences relating to insider abuse, embezzlement, money laundering, etc.

Thursday, February 17, 2011


FORMER ZENITH BANK’S GMD, JIM OVIA WIFE DUPED
-Her Younger brother fingered
-Her messy battle with tenants


With the information at our disposal, Zenith bank former group managing director, Jim Ovia’s house is in disarray following his wife being allegedly duped by her younger brother which resulted in her messy battles with her tenants,
Impeccable source revealed that Jim Ovia’s wife popular referrer to as Kay uses her younger brother, Robert Faseyitan as the agent to manage her properties scattered around the country but the story changed few weeks ago when Robert absconded with cash worth millions of naira that he collected from some tenants. Its was also alleged the bubble busted when Kay visited one of her properties on the island and accused the tenants for not paying but one of the tenants brought out a receipt given by Robert to show that he has paid. To confirm the truth, Kay was said to have put a call across to Robert only to find out that the line has been switched off.
According to a close source, effort to get the brother even with the relatives prove abortive and it then dawn on Kay that she has been duped by her brother.
Those who should know alleged that since she cannot trace the whereabouts of Robert, Kay has insisted that some tenants has to move out since there are she cannot find who they claimed they paid to and she is not aware of their payment despite the receipt shown.
Reliable source close to Kay revealed that one of the tenants engaged in a fight with Kay some days back when Kay insisted that they have to move out and the tenants demanded for the money paid to her brother before eviction.