Mrs Cecilia Ibru on the move to recover forfeited properties

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A suit filed by Mrs Cecilia Ibru, the former Managing Director of defunct Oceanic Bank asking the court to simply help her retrieve all her properties seized by the government has been objected to by the The Asset Management Corporation of Nigeria (AMCON). 

Mrs Ibru, who was simply convicted in October 2010 by the federal high court after having a plea bargain, forfeited assets worth N191billion comprising 94 properties across the world, such as the US, Dubai and Nigeria to AMCON. She was sentenced to 6 months imprisonment after her conviction.

Mrs Ibru who sued for herself, Ibru Group and three others asked the court to stop the Attorney-General of the Federation and AMCOM from further implementation of the terms and conditions of the plea bargain before her conviction.