EFCC seizes 103 properties belonging to Cecilia Ibru


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The Economic and Financial Crimes Commission on Sunday released a list of 103 choice properties allegedly belonging to a former Managing Director of Oceanic Bank International Plc, Mrs. Cecilia Ibru, and affirmed that the said properties remained seized.

The commission had earlier seized the properties and shares linked to her in 27 companies, including banks, oil and gas, telecommunications, aviation as well as real estates and manufacturing firms.

The anti-graft agency claimed that some of the properties were bought with funds belonging to Oceanic Bank.

Details showed that the choice properties were in Nigeria, South Africa, Dubai, London and the United States.

Source: Punch newspaper.

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