A Federal High Court sitting in Ikoyi, Lagos on Wednesday ordered that all bank accounts; both indetified and yet to be identified, belonging to the sacked Chief Executive Officer of Oceanic Bank Plc, Mrs Cecilia Ibru be frozen.
The monies in the identified bank accounts belonging to her stood at a whopping N500 billion.
Justice Akinjide Ajakaye in giving the directive, issued a Mareva order, which is a global order used in preserving subject matters of cases.
The request for the freezing was made by the Economic and Financial Crimes Commission, which had earlier seized 103 properties from her and multi-billion shares in 77 companies.
With the order granted in Wednesday, the commission, according to its spokesperson, Mr. Femi Babafemi, would start the sealing up of the properties already identified as belonging to her.
I specialize in investigative reportage across several subject matter and sectors but mainly focus on metro events and investigation. Do leave your thoughts and opinion on my reports to let me know what you think about them. Thank you
Posted: at 21-01-2010 11:43 AM (15 years ago) | Addicted Hero
cashempire at 21-01-2010 01:01 PM (15 years ago) (m)
THIS IS JUST THE BEGINING. LIKE NIGERIAN FILMS WOULD HAVE IT--TO GOD BE THE GLORY---
Posted: at 21-01-2010 01:01 PM (15 years ago) | Upcoming
Bazemaster at 21-01-2010 02:53 PM (15 years ago) (m)
Chie! E no good o! Atleast let them leave for her somethings
I report from ma BAZEHOOD, niggaz feeling ma BAZESWAG 'cos it's hooded like my nigga HOODEDSWAG coming from BAZESQUAD in da BAZESTUDIOS UNITED.... I AM BAZEMASTER
Posted: at 21-01-2010 02:53 PM (15 years ago) | Gistmaniac
joyjumper at 21-01-2010 04:16 PM (15 years ago) (m)
If this can be proven to be hers, the money and properties should be returned. It all means that now they will have to be hiding their money with ficticious names. She is good that she did not carry her money outside the country. This cannot be a witch hunt. Leave what is legally hers to be hers.
Posted: at 21-01-2010 04:16 PM (15 years ago) | Upcoming
Micheall at 21-01-2010 05:13 PM (15 years ago) (m)
500 billion naira?add this to the amount other mds stole from their banks, add it to the one our governors stole, then our presidents, u will find out that with all this moneym we can have good roads, water and electricity, it took 15 years for dubai government to turn dubai to a world class city AND WE ARE STILL BROKE AT 40+,... Nigeria steel complex was commission same year with korean steel complex, today, korea produces cars like hyundai, kia and all, ours is yet to be completed after being commissioned for more than 20 years now. all they now do is award a fresh multi billion dollar contract every year for same project and then share the money, ...i cry for our country, i cry for my state, i cry for my city, for all this, i wanna know, if God forgotten us!!!
Posted: at 21-01-2010 05:13 PM (15 years ago) | Upcoming
guy you are very amazine but whatver itmay be our els president fiound the efcc group and hs acount has nerver being look into europe here where i livd so many of these so called efcc are coming ariound to buy houses that woman case must be a setup
Posted: at 21-01-2010 05:42 PM (15 years ago) | Newbie
why these selective approach to the fight against curruption in nigeria? what happened to the public case of president n his vise accussing each other of curruption with proofs, the else governors who were all said to be currupt except one or two according to the formal efcc boss as reported by the daylies? etc anyway, starting it at all is better than never because with time the turn of the predator will come!!
Posted: at 21-01-2010 10:42 PM (15 years ago) | Upcoming
why these selective approach to the fight against curruption in nigeria? what happened to the public case of president n his vise accussing each other of curruption with proofs, the else governors who were all said to be currupt except one or two according to the formal efcc boss as reported by the daylies? etc anyway, starting it at all is better than never because with time the turn of the predator will come!!
smacks sexism because the woman does not belong to the old boy's network.
Posted: at 22-01-2010 03:08 AM (15 years ago) | Gistmaniac
Na waoh nija no go ever change. We dey look 4 garri 2 dring. Cos economic don melt 4 wey i dey. I no no say na people like dis de make the economic melt wel wel. Wetin she go do wit al those money. And houses abek tell meooo
Posted: at 22-01-2010 07:28 AM (15 years ago) | Newbie
very very good , let that be the beggining of the beggining and not the beggining of the end , there many more like her , and after the recovery , they should spend the rest of their lives behind the bars
Posted: at 22-01-2010 10:13 AM (15 years ago) | Grande Master
very very good , let that be the beggining of the beggining and not the beggining of the end , there many more like her , and after the recovery , they should spend the rest of their lives behind the bars
Posted: at 22-01-2010 10:18 AM (15 years ago) | Grande Master
TRENDING GISTS 
Leo XIV Celebrates First Mass After Historic Election As Pope
He Laughed At Me When I Had Issues With The Authorities -Bobrisky React To VeryDarkMan’s Arrest
PHOTOS: Troops Arrest Notorious Gunrunners, Recover Arms In Kaduna
PHOTOS: Young Woman Brutally Murdered By Suspected Ritualists, Priv@te Part Removed In Ogun
Woman Slams Her Husband For Allegedly Having Unprotected S3x With Random Girls After Publicly Apologizing To Her
Actress, Laide Bakare Crowned UN Ambassador Of Peace
VIDEO: President Tinubu Conferred With a Chieftaincy Title in Anambra State