Cecilia Ibru
The Senate Committee on Drugs, Narcotics, Financial Crimes and
Anti-corruption on Monday described as absurd, the process employed by
the Assets Management Corporation of Nigeria to dispose of the assets of
the former Managing Director of the defunct Oceanic Bank International
Plc, Mrs. Cecilia Ibru.
A Nigerian, whose identity was not
revealed, had petitioned the committee alleging that AMCON’s sale of the
assets worth about N569.9bn, which Ibru forfeited to the Federal
Government, was shrouded in secrecy.
The Chairman of the committee, Senator
Victor Lar, explained that Ibru, during the course of her prosecution by
the Economic and Financial Crimes Commission, pleaded guilty and
entered into a plea bargain to hand over all assets she acquired with
depositors’ funds to the Federal Government.
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