Companies Contest Cecilia Ibru’s Seized PropertiesCecilia

// Local | Companies Contest Cecilia Ibru’s Seized PropertiesCecilia
Email to a friend Plain text Print version // Font size: Decrease font Enlarge font

There is no respite yet for the former Chief Executive Officer of Oceanic Bank International, Dr. Mrs. Cecilia Ibru as some properties seized by the Economic and Financial Crimes Commission, EFCC, through a Federal High Court order, are now in contention as some people and companies are claiming ownership of the properties.

One of the claimants is Mamemo Ibru, who said some of the properties, which he did not specify, belonged to him. He said he is not a director of Oceanic Bank, neither is there any evidence linking  him with any fraud.

In his affidavit, Mamemo said he has not been investigated by the EFCC. Therefore, in an application before the court, he wants the court to join him as a party in the suit to enable him prove his case.

Another party with an application before the court seeking to be joined in the suit is Oteri Holdings Limited. The company is urging the court to direct the EFCC to disclose shares affected by the order of the court regarding Aero Contractors. Oteri Holdings holds the largest shares in Aero Contractors Nigeria Limited.

The company alleged that the shares of Oteri Holdings in Aero Contractors were illegally transferred to Mosta W.A. Limited, a company owned by Mr. Obode Ibru and Mrs. Cecilia Ibru.

The matter is a subject of litigation currently before Justice Ajakaiye of the Federal High Court in Lagos.

Aero Contractors’ shares which are owned by Oteri Holdings are managed by Oscar Ibru, Peter Ibru and Emmanuel Ibru. But by illegal undated shares transfer form, Oteri Holdings was alleged to have transferred shares in Aero contractors to a company known as Mosta W.A. Limited owned by Obode and Cecilia Ibru.

In view of these contentious issues, Oteri urged the court to also join them as a party in the case.

Another company that has asked to be joined is Busecom Nigeria Limited, which deals in property. In an application filed by Barrister Chris Emeh, the company averred that Cecilia Ibru or Oceanic Bank have no beneficial interest or stake whatsoever in the property of the company to warrant attachment by the EFCC.

In an affidavit sworn to by the company secretary, Mojisola Abasi-Eyo, the deponent averred that Busecom Nigeria Limited is the owner of the building at Plot 1, Zone N, Federal Government Layout at Banana Island, Ikoyi, Lagos, having obtained the certificate of occupancy (C of O).

However, on 18 January, this year the attention of the company was drawn to a newspaper publication where the property was attached. The property was described as a multiple storey, multiple user of flats under construction. Because of this attachment, the property under construction has suffered a setback.

The Managing Director of the company, Fabi Basbon protested the inclusion of the property by way of showing documents.

EFCC operative, Mohammed Bappa assured him that his protest will be looked into but nothing was done. Only a sister company, Ipalex Nigeria Limited maintains an account with Oceanic Bank.

In a counter affidavit to the application of Ibru and Ibafon Oil Limited, sworn to by an accountant with the EFCC, Aliyu Wali, he averred that the attachment of the property was based on investigation by the EFCC.

Tagged : Scott Thompson, Fear Of Ghosts, Ebube Nwagbo, Lekan Ogunsola Memorial Mortuary, Farouk Lawal, House of Representatives, Captain Oscar Wason, Cecilia Ibru

Headlines Newsview all

Fraudsters Arrested With Fake 100 American US Dollars In Bauchi (Photo)

A 3-man 419 syndicate specializing in the usage of both local and international currencies have been arrested by the police in Bauchi state.  Following the arrest ... Full story

Toke Should Take Back Maje Ayida, Watch 'The Gist' With Toyosi Phillips (Video)

Toyosi Phillips is back with ‘The Gist’! This week she tells us why Toke Makinwa should take Maje Ayida back. She also shares how Basketmouth ... Full story

Soldier, 9 Others Paraded For Robbery, Kidnapping In Port Harcourt

An Army private, Elijah Owoh, who absconded from his duty post in Biu, Borno state was among the ten suspects arrested and paraded by Rivers ... Full story

Gaddafi Son Sentenced To Death Over War Crimes

A court in Libya has sentenced Col Muammar Gaddafi's son, Saif al-Islam, and eight others to death over war crimes linked to the 2011 revolution. More ... Full story

Teenager Arrested For Allegedly Murdering 4 Year Old Boy (Graphic Image)

A 16-year-old boy, Tajudeen Azeez, has been arrested by the Lagos state police command for allegedly killing a four-year-old boy in Ijaniki area of the ...

Thugs Beat Nigerian Pastor To Stupor For Preaching ‘Too Much’ In South Africa

A Nigerian pastor, Zander Emenogo, 48, has been preaching the word of God on the streets of South Africa for 10 years. But he never ... Full story

List Of Africa’s 30 Highest Paid Presidents And Their Salaries

When President Muhammadu Buhari recently announced that he and his deputy would take a pay cut, it was not entirely surprising for a man known ... Full story

Diezani Allison-Madueke Critically Ill In London Hospital

Some family members of the immediate past minister of Petroleum Resources, Mrs. Diezani Allison-Madueke have appealed to Nigerians, especially her critics to let her be. Mrs ... Full story

Nigerian Army Brings Boko Haram To Its Knees In Dikwa-Maiduguri

The Chief of Army Staff, Major General Tukur Yusuf Buratai, recently ordered the Nigerian soldiers to take the war to Boko Haram terrorists in their ... Full story

Dead Woman Withdraws Money From Her Bank Account Four Years After Her Death

4 years after her death, she 'visited' her bank and withdrew more than N527,500 from her savings account in a first generation bank.  Mrs Cordelia Iweg­buna ... Full story

Uhuru Kenyatta Wisely Shut Down Obama On Gay Issue (Video)

Kenya is an anti-gay country. Below is what President Obama said when asked during a press conference this afternoon in Nairobi what he thinks about ... Full story

Comment on: Companies Contest Cecilia Ibru’s Seized PropertiesCecilia

Rate this article

4.00

Breaking News

I Hardly Have Time To Enjoy Luxuries Of Life - Wizkid

Multiple award-winning singer, Wizkid, has stated that he used to dream of having luxuries of life while growing up. He however disclosed that now that ...

Fear And Panic Grips Bad Bank Debtors As CBN Deadline Approaches

Many bank debtors are jittery as the August 1 deadline set by the Central Bank of Nigeria (CBN) for them to pay back their loans, ...

Sergio Romero Signs For Manchester United

New Manchester United goalkeeper Sergio Romero has said he came to Old Trafford to help his old boss Louis van Gaal win silverware. The Red Devils ... Full story

Stephen Keshi Demands $5m Compensation From NFF

Former Nigeria coach Stephen Keshi has demanded US$5m (£3.2m) compensation from the Nigeria Football Federation following his dismissal from the job. Keshi was sacked at the ... Full story

Gospel Artistes Don't Charge Churches - Esther Igbekele

With the various debates coming from some quarters that gospel artistes should not demand for money from churches after performing, some will be left laughing ...

World Bank Appoints Arunma Oteh As VP And Treasurer

World Bank has announced the appointment of Ms. Arunma Oteh as the vice president and treasurer of the World Bank. According to a report by Global ... Full story

If Your Wife Can't Help You To Focus, Then Something Is Wrong - Sunny Nneji

Singer, Sunny Nneji, is not a new name in the industry after his hit song; ‘Oruka’ gained the attention of many Nigerians thereby creating high ...

I Hope To Work With The Younger Artistes - Paul Play Dairo

Popular Nigerian singer, Paul Play Dairo, who is known for bringing out great RnB hits in the late 90s and early 2000, is back to ...

Mavins Boss Don Jazzy, Awards Does Not Justifies An Artist

Wave making producer, Don Jazzy, has called on artistes and other professionals not to depend on awards before they put in their best in whatever ...

My First Money In Music Was Not Up To Half A Million - Tope Alabi

Some Nigerian entertainers now form the habit of pretending to be living large when actually they have just limited resources to pull themselves through but ...