Court adjourns Ibru's case again

// Latest Addition | Court adjourns Ibru's case again
Email to a friend Plain text Print version // Font size: Decrease font Enlarge font
Cecilia Ibru

The Federal High Court, Lagos, on Monday adjourned further hearing on the corruption charges filed against the former Managing Director, Oceanic Bank, Cecilia Ibru till October 4.

The Economic and Financial Crimes Commission (EFCC) had, in August 2009, filed a 25-count charge against Mrs Ibru for allegedly granting "unsecured and unapproved loans" without adequate collaterals.

The commission alleged that the accused granted about N100 million to some companies in which she had interest.

At the resumed hearing of the case on Monday, Taiwo Osipitan (SAN), the accused counsel told the court that he had served his written address on the prosecution and the court.

"At the last adjournment, the court asked us to file our written addresses. We have done so and we are ready to adopt it," he said.

While counsel to the prosecution, Rotimi Jacobs, however, said that he was unable to file his written address and asked the court for a short adjournment to enable him to do so.

Ruling on the request for a short adjournment, Justice Dan Abutu has adjourned the case till October 4, which more than two months time for the adoption of the written addresses of both counsels.

Mrs Ibru had, on Thursday August 27, 2009 turned herself in to the Economic and Financial Commission custody four days after she was declared wanted alongside Erastus Akingbola of Intercontinental Bank, who is still at large. The commission declared the duo wanted on charges of fraud, stock manipulation, and money laundering.

Earlier this year, case took another twist when the commission announced the seizure of Mrs Ibru's property in Nigeria and Dubai.

Tagged : Emir Of Kano, Farouk Lawal, Remi Odutola, Cecilia Ibru, Marina Krim, Kevin Krim, Nanny Stabs Two Kids To Death, World Largest Cybercafe

Headlines Newsview all

Federal Government Fails To Produce Dasuki In Court For Trial

The Federal Government failed today to produce former National Security Adviser, Colonel Sambo Dasuki before a Federal Capital Territory High Court in Abuja for trial ...

Buhari Meets With Catholic Bishops

Catholic bishops in Nigeria rose from their meeting with President Muhammadu Buhari with a resolve to collaborate with the federal government in the areas of ... Full story

2016 Budget: National Assembly Reduce Budget Padding From N500bn To N75bn

President Muhammadu Buhari is warming up to receive a reworked copy of the 2016 budget any time this week from the National Assembly following the ... Full story

Kidnappers Of Sen. Iyabo Anisulowo Demand Huge Amount For Her Freedom

Deadly kidnappers who abducted a former minister and senator have made a shocking demand involving huge sums of money.  The abduction of a former Minister, Iyabo ... Full story

Yemi Osinbajo Reveals: Over N4.8 Trillion Stolen In Arms Deal Under Goodluck Jonathan

Around $15 billion (about N4.8 trillion) which is equal to about half the country’s foreign currency reserves was stolen from Nigeria’s public purse under the ...

Fulani Herdsmen Attack Saga : Igbo Should Be Patient And Peaceful Says Federal Government

The Federal government, weekend, called on the people of the South East geo-political zone to be patient, law-abiding and peaceful as President Muhammadu Buhari was ...

Fulani Herdsmen Attack Kaduna Village, kills Monarch And Nephew

Gunmen suspected to be Fulani herdsmen on Sunday night invaded the Fadan Karshi village, killing its district head and his nephew. Fadan Karshi is in Sanga ...

Fayose Is An Ungrateful Person Says Bode George

A former Deputy National Chairman of the Peoples Democratic Party, Chief Bode George, has described Governor Ayodele Fayose as an ingrate for saying that he ...

Fidelity Bank Appoints As Balarabe Acting MD

Fidelity Bank Plc yesterday appointed an Acting Managing Director, Alhaji Mohammed Lawal Balarabe in place of its troubled Chief Executive Officer, Nnamdi Okonkwo. The bank’s Board ...

Willie Obiano Using Helicopters For Aerial Surveillance Of Fulani Herdsmen

The Anambra State Governor, Willie Obiano, has launched a helicopter for aerial surveillance of the activities of herdsmen in the state. The governor, who stated this ...

REVEALED: EFCC Traces Diezani’s $115m Bribe To Stolen Oil

What is the source of the $115 million bribe for election officials to alter the results of the 2015 presidential election? The Economic and Financial Crimes ...

Comment on: Court adjourns Ibru's case again

Rate this article

5.00

Breaking News

See Amazing Photos From Asa's Concert In Lagos

When host, and veteran broadcaster; Olisa Adibua heralded Asa’s arrival on stage, the crowd rose and ushered in the international superstar with resounding applause that ...

Ronaldo Declared One Hundred Percent Fit By Zidane

Real Madrid forward Cristiano Ronaldo has been given the greenlight for the second leg of the Champions League semi-final against Manchester City, coach Zinedine Zidane ...

World Leaders, Celebrities, Players React To Leicester’s Victory

Leicester's wait for a first top-flight title came to an end on Monday night as Tottenham drew 2-2 with Chelsea. The news was greeted with jubilation ...

Apparently Tiwa Savage Only Stayed With Teebillz To Get A Child

It is easier for two camels to pass through the eye of a needle at the same time than for celebrity marriages to pass the ...

Genevieve Nnaji Turns 37 Today

Today marks Genevieve’s 37th birthday. But many will confess that the adorable actress looks very sixteen. She has got the enigmatic age cheating potion she ...

Kunle Afolayan's Younger Brother Opens Up On His Love For Older Women

One man’s poison is another man’s meal, so they say. While many young dudes will prefer to date ladies they are very much older than, ...

See How Davido Celebrate Upcoming Wedding Of His Elder Sister (Photo)

Davido who is one of Nigeria's biggest pop stars at the moment took to his Instagram page to talk about his elder sister Coco.He revealed ...

Schweinsteiger All Loved Up With Ivanovic In A Stroll

Injured Manchester United midfielder Bastian Schweinsteiger was in the Spanish capital to watch girlfriend Ana Ivanovic start off on a winning note in the Madrid ...

Pepsi Reject Tiwa Savage As Ambassador As Police Arrest Teebillz For Cocaine

News getting to us from an insider with Pepsi confirms dropping of the Nigerian music star and Mavins first lady Tiwa Savage later this week ... Full story

Leicester City Crowned Champions Of England

Finally, the seemingly impossible feat has just happened, the fairy tale story is completed. Leicester City have just won the the 2015/2016 English Premier League ...