Declare Ibru’s N191bn Loot …Court Orders CBN

A Federal High Court, Lagos yesterday gave the Central Bank
of Nigeria 72 hours to declare the whereabouts of about N191bn asset forfeited
by the convicted former Managing Director of Oceanic Bank Plc (now Ecobank
Plc), Mrs. Cecilia Ibru.

Justice Mohammed Idris gave the order in a judgment on
Monday.

The judgment was on a suit instituted by the President of
Progressive Shareholders Association, Mr. Boniface Okezie, seeking to compel
the apex bank to release the information under the Freedom of Information Act.

In granting part of the reliefs sought in the suit, Idris
also ordered CBN to declare “the total cash and value of properties recovered
from Cecilia Ibru.”

He ordered the apex bank 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.”

He said the order must be complied with “within 72 hours.”