Where Are Ibru’s N191bn Seized Assets? Court Asks CBN Governor, Gives 72-Hour Ultimatum

Justice Mohammed Idris of a Federal High Court in Lagos has given a 72-hour ultimatum to the Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, to make available the total cash and value of properties recovered from the former Managing Director of the defunct Oceanic Bank Plc, now (Eco Bank Plc) Mrs Cecilia Ibru.

Sanusi was also mandated to make public, the whereabouts of the money and properties recovered as well as what part of them has been returned to Oceanic Bank and/or its shareholders.

The judge gave the directive while giving his judgment in a suit filed by the president of Progressive Shareholders Association of Nigeria (PSAN), Boniface Okezie, against the CBN where he sought to compel the apex bank to publicise how it managed about N191 billion worth of assets realised from Mrs Ibru.

Justice Idris, in his judgement, said: “The Central Bank of Nigeria is hereby ordered to declare the whereabouts of the money recovered from Cecilia Ibru and what part of this cash and properties has been returned to Oceanic Bank and/or its shareholders.

 “What is done officially must be done according to the law,” he added.