Some properties traced to Cecilia
Ibru, former managing director/chief executive officer of Oceanic Bank, are
reportedly entangled in controversy, years after they were confiscated.
In 2010, a federal high court in
Lagos convicted Ibru of money laundering and sentenced her to 18 months
imprisonment.
She was ordered to forfeit to the
federal government N191 billion worth of assets located in Nigeria, US, and
Dubai.
But seven years after the
properties were forfeited, the proceeds from some of them are reportedly yet to
be fully accounted for.
A fact sheet from the Economic
and Financial Crimes Commission( EFCC) shows that of the over $7 million
recovered from the sale of 61 of such properties in Dubai, only $3.2 million is
said to have been received by the Assets Management Corporation of Nigeria(
AMCON).
“A registered Nigerian company with
one banker as alter ego, was engaged by AMCON in June 2011 to provide legal
services for the sale of the assets,” said the fact sheet obtained by The
Nation.
“A UK-based lawyer was given the
power of attorney which was notarised in Dubai.
“Findings indicated that the
attorney engaged allegedly received over $7million but about $4,522,413.20
remained unaccounted for. The EFCC detectives discovered that AMCON only
received $3,278,238.69 from the proceeds of the sale of the assets.”
The anti-graft agency was also
quoted to have said investigation showed some of the proceeds of the sales were
wired from Dubai into the accounts of “some individuals and companies”.
“The EFCC team has interacted
with four officials of AMCON including a former staff, the ex-head of the
transactions, who is now with a bank.
“More officials of some banks
have been invited to come and give us information on third party accounts where
the proceeds were deposited.”
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