Cecilia Ibru’s N400bn Assets

altBefore she was sacked from office as the Managing Director of Oceanic Bank Plc by the Central Bank of Nigeria (CBN), Mrs. Cecilia Ibru was referred to as the First Lady of Banking in Nigeria and regarded as one of the most influential and powerful businesswomen in Africa. But only very few would agree that she had assets and shares worth over N400billion.
 

Everything changed immediately she was arraigned by Economic and Financial Crimes Commission (EFCC) in August 2009 on the allegation that she was involved in a multi-billion Naira banking scandal after her bank was found to have low cash reserves due to bad loans. She is facing charges bordering on fraudulent conversion of depositors’ funds and money laundering.
 
To compound her woe a Federal High Court in Lagos presided over by Justice Akinjide Ajakaiye ordered the freezing of all assets, bank accounts and shares held directly or indirectly for her benefit or on her behalf, which the EFCC has traced to and are deemed to be proceeds of economic and financial crimes. The value of the assets and bank accounts is put at over N400 billion.
 
While the anti-graft agency had already confiscated her choice houses and shares in various companies in Nigeria with a special team being raised to consider actions on the foreign assets, she has recruited a prominent lawyer to appeal against the court’s decision.
 
Barrister Taiwo Osipitan, Cecilia Ibru’s lawyer is not only a Senior Advocate of Nigeria; he is a Law Professor and one of the celebrated PDP’s lawyers in Nigeria. The legal luminary would ask the appellate court on behalf of his client to bar the anti-corruption agency from enforcing the order for the confiscation of the assets on the ground that she was not given an opportunity to be heard. He would further argue that the existing order was not secured in an open court but in a chamber which could be disregarded as illegal and unconstitutional.

The anti-graft agency has recently filed an amended 25 count charge against Mrs Ibru. The fresh charges have to do with the grant of N170 billion and $51 million unsecured loans to companies linked to her. She is said to be suffering from a heart related problem and on admission in an undisclosed hospital in Lagos since January 24.

 
Pending the hearing of the appeal, the EFCC has warned Mrs. Cecilia Ibru  and her agents from giving instructions or directive for the withdrawal, transfer, disposi
ng or diminishing the value of the assets in the form of money kept in all bank accounts in Nigeria and worldwide or giving instructions or directions for the sale, transfer or disposal of the assets comprising shares, stocks and other forms of securities held or kept by any custodian, depository, stockbroker, registrar, company secretary, nominee, trustee or director in Nigeria or anywhere in the world.
 
Mrs. Cecilia Ibru’s Assets and Shares
Her assets in shares, some allegedly bought through proxies and companies traced to her, are the following:
 
Real Property: Ikeja
1.       Good Shepherd House, IPM Avenue, Opp Secretariat, Alausa, Ikeja, Lagos (registered in the name of Ogekpo Estate Managers)
 
Real Property Ikoyi
2.       Residential block with 19 apartments on 34, Bourdillon Road, Ikoyi (registered in the name of Dilivent International Limited).
3.       20 Oyinkan Abayomi Street, Victoria Island (remainder of lease or tenancy upto 2017).
4.       57 Bourdillon Road, Ikoyi.
5.       5A George Street, Ikoyi, (registered in the name of Michaelangelo Properties Limited).
6.       5B George Street, Ikoyi, (registered in the name of Michaelangelo Properties Limited).
7.       4A Iru Close, Ikoyi, (registered in the name of Michaelangelo Properties Limited).
8.       4B Iru Close, Ikoyi, (registered in the name of Michaelangelo Properties Limited).
9.       16 Glover Road, Ikoyi (registered in the name of Michaelangelo Properties Limited).
10.     35 Cooper Road, Ikoyi, (registered in the name of Michaelangelo Properties Limited).
11.     Property situated at 3 Okotie-Eboh, SW Ikoyi.
12.     35B Isale Eko Avenue, Dolphin Estate, Ikoyi.
13.     38A Isale Eko Avenue, Dolphin Estate, Ikoyi (registered in the name of Meeky Enterprises Limited).
14.     38B Isale Eko Avenue, Dolphin Estate, Ikoyi (registered in the name of Aleksander Stankov).
15.     Multiple storey multiple user block of flats under construction 1st Avenue, Banana Island, Ikoyi, Lagos, (with beneficial interest therein purchased from the developer Ibalex).
16.     226, Awolowo Road, Ikoyi, Lagos (registered in the name of Ogekpo Estate Managers).
17.     182, Awolowo Road, Ikoyi, Lagos, (registered in the name of Ogekpo Estate Managers)
 
Real Property: Victoria Island
18.     12-storey Tower on one hectare of land at Ozumba Mbadiwe Water Front, Victoria Island.
19.     5, Adeola Odeku Street, Victoria Island, Lagos (registered in the name of Casi Properties & Investment Ltd).
20.     18A, Adetokubo Ademola Street, Victoria Island,Lagos (registered in the name of Casi Properties & Investment Ltd).
21.     270, Ozumba Mbadiwe, Victoria Island, Lagos (registered in the name of Casi Properties & Investment Ltd)
22.     270, Ozumba Mbadiwe, Victoria Island, Lagos (registered in the name of Ogekpo Estate Managers Limited).
 
Real Property: Lekki Peninsula.
23.     15,000 square metres of land at Okunade Water Front, Lekki Peninsula.
24.     7,000 square metres of land at Okunade Water Front, Lekki Peninsula – (registered in the name of Melake Properties Limited).
25.     8,000 square metres of land at Okunade Water Front, Lekki Peninsula – (registered in the name of (Casi Properties Limited).
26.     1,000,000 square metres of land in Lekki.
27.     101 hectares of land along Lekki Expressway behind Chevron Nigeria.
28.     103 hectares of land bought from Dom Gas
29.     Plot 5, Igbo-Efon, Off Lekki/Ajah Expressway, Victoria Island, Lagos by 1004 (registered in the name of Casi Properties & Investment Ltd)
30.     Block 6, Flat 1 &2, Femi Okunnu H/Scheme Phase IV- Lekki (registered in the name of Oceanic Homes Savings & Loans L
td)
 
Real Property: Lagos Island
31.     One storey building at 50 Marina, Lagos.
32.     10 storey building at 60 Marina, Lagos.
33.     60, Marine View, Apongbon, Marina, Lagos (registered in the name of Dele Oye & Associates)
 
Real Property: Lagos Mainland.
34.     10, Sobo Arobidu Street, Ikeja, GRA (registered in the name of Jeedab Fibre Limited).
35.     Property at 10A Sobo Arobiodu Street, Ikeja (registered in the name of Chiaroscuro Limited).
36.     AP Filling Station (Beside Former Hotel Bobby) Onipanu Lagos, (registered in the name of Vivi Oil Investments Limited).
37.     Building at 154, Ikorodu Road, Lagos (registered in the name of Casi Properties & Investment Ltd).
38.     Ilemba Hausa Road, Ajamgbadi, Lagos (registered in the name of Vivi Oil & Gas Company Limited).
39.     Land at Iyana Ipaja Round About, Iyana Ipaja, Lagos, (registered in the name of Vivi Oil Investments Limited).
40.     Building at 7,Randle Road, Apapa, Lagos, (registered in the name of Ogekpo Estate Managers Limited)
41.     Block 34, Flat 6, LSDPC Housing Estate, Ebute-Metta Lagos (registered in the name of Ogekpo Estate Managers Limited)
 
Real Property: Port Harcourt.
42.     Three residential towers at Port Harcourt, GRA.
43.     22 Sani Abacha Way, Port Harcourt, GRA (registered in the name of Velvox Investment Company Limited).
 
Real Property: Abuja.
44.     Metro Plaza Building, 991/992 Zakari Maimalari Street, Central Area, Zone 5, Abuja, (registered in the name of Abinof Food Company Limited).
45.     The 4 Floor Building at Herbert Macaulay Way, Wuse Zone 6, Abuja (registered in the name of Casi Properties and Investment Ltd).
46.     Metro Plaza Building, ANNEXE B, Zakariya Maimalari Street, Cadastral Zone, AOO, C.B.D, Abuja (registered in the name of MST Properties West Africa Ltd).
47.     Flats 1-4, Block D33, Abuja Games Village, Abuja (registered in the name of Convent Trade & Services Limited).
48.     Block D33 (Flat 1-4) Games Village, Abuja (registered in the name of Casi Properties and Investment Ltd).
49.     Block B40, Flat 5 & 6, Zone 3, Gymnastic Games Village (registered in the name of Oceanic Homes Savings & Loans Limited).
50.     Executive Guest House, 4 bedroom Bungalow, Ndanuba Street, Maitama, Abuja (registered in the name of Ogekpo Estate Manager Limited).
51.     Executive Guest House, Ali Akilu Crescent, Asokoro, Abuja, (registered in the name of Ogekpo Estate Managers Limited).
 
Real Property (by way of shops): Dubai.
52.     International City , Building Y18, Shop 1
53.     International City , Building Y18, Shop 2    
54.     International City , Building Y18, Shop 3    
55.     International City , Building Y18, Shop 4    
56.     International City , Building Y18, Shop 5    
57.     International City , Building Y18, Shop 6    
58.     International City , Building Y18, Shop 7    
59.     International City , Building Y18, Shop 8    
60.     International City , Building Y18, Shop 9    
61.     International City , Building Y18, Shop 11  
62.     International City , Building Y18, Shop 12  
63.     International City , Building Y18, Shop 14  

64.     International City , Building Y18, Shop 16  
65.     International City , Building Y18, Shop 18  
66.     International City , Building Y5, Shop 1      
67.     International City , Building Y5, Shop 2      
68.     International City , Building Y5, Shop 3      
69.     International City , Building Y5, Shop 4      
70.     International City , Building Y5, Shop 6      
71.     International City , Building Y5, Shop 8      
72.     International City, Building Y6, Shop 1       
73.     International City, Building Y6, Shop 2       
74.     International City, Building Y6, Shop 3       
75.     International City, Building Y6, Shop 4       
76.     International City, Building Y6, Shop 6       
77.     International City, Building Y6, Shop 8       
78.     International City, Building Y6, Shop 10     
79.     International City, Building Y6, Shop 12     
 
Residential Property: Dubai.
Residential properties purchased with the funds of Oceanic Bank International Plc, through:
80.     Icon 1 Limited
81.     Casi Properties Limited
82.     Damac Gulf Properties LLC
83.     International City Properties Limited
84.     The Palm Jebel Ali Co. LLC
85.     The Palmjumeriah Co. LLC
86.     Vakson Freehold Properties Limited
 
Real Property: South Africa
Residential properties purchased with the funds of Oceanic Bank International Plc, through:
87.     Accustrat (Pty) Limited
88.     Meha Real Estate
89.     Scharde Designs PTY Limited
90.     Vakson Freehold Properties Limited
 
Real Property: USA
91.     Property at 4155 Chariot Way, Upper Marlboro, Maryland, USA, purchased for the sum of US$452,508.00 (registered in the name of Anita DaSilva Ibru).
92.     Property at 4145 Chariot Way, Upper Marlboro, Maryland, USA, purchased for the sum of US$440,105.00 (registered in the name of Anita DaSilva Ibru).
93.     Property at 4139 Chariot Way, Upper Marlboro, Maryland, USA, purchased for the sum of US$451,629.00 (registered in the name of Edesiri Onatejerohene Ibru).
94.     Property at 4149 Chariot Way, Upper Marlboro, Maryland, USA, purchased for the sum of US$473,657.00 (registered in the name of Obaro and Hirut Ibru).
95.     Property at 4141 Chariot Way, Upper Marlboro, Maryland, USA, purchased for the sum of US$441,790.00 (registered in the name of Cecilia Ibru).
96.     Property at 4143 Chariot Way, Upper Marlboro, Maryland, USA, purchased for the sum of US$439,362.00 (registered in the name of Cecilia Ibru).
97.     Property at 14605 Hawley Lane, Upper Marlboro, Maryland, USA, purchased for the sum of US$399,990.00 (registered in the name of Janet Ibru).
98.     Property at 14630 Hawley Lane, Upper Marlboro, Maryland, USA, purchased for the sum of US$460,703.00 (registered in the name of Janet Ibru).
99.     Property at 14721 Argos Place, Upper Marlboro, Maryland, USA, purchased for the sum of US$457,950.00 (registered in the name of Janet Ibru).
100.    Property at 14719 Argos Place, Upper Marlboro, Maryland, USA, purchased for the sum of US$451,840.00 (registered in the name of Janet Ibru).
101.    Property at 11300 Dappled Grey Way, Upper Marlboro, Maryland, USA, purchased for the sum of US$987,949.00 (registered in the name of Cecilia Ibru).
102.    Residential properties purchased with the funds of Oceanic Bank International Plc, through Agape Global Real Estate LLC
 
103.    Real Property: London, England
 
Shares In Listed Nigerian Companies including without limitation:
1.       Access Bank Plc – (44,800,000 ordinary shares held by Prisky Gold Nigeria Limited)
2.       Africa Petroleum Plc – (3,252 shares held by Prisky Gold Nigeria Ltd)
3.       BGL Plc – (8,140,500 shares held by Eniofor Limited)
4.       First Bank of Nigeria Plc – (275,795,139 shares held through Cloudy Heights Limited, Circular Global International Limited and Bliss Bloss Integrated Services Limited).
5.       Dangote Flour Plc – 8,140,500 shares held by Prisky Gold Nigeria Ltd.
6.       Dangote Sugar Refinery Plc – (12,480,000 shares held by Prisky Gold Nigeria Limited).
7.       Fidelity Bank Plc – (12,500 shares held by Prisky Gold Nigeria Ltd).
8.       First City Monument Bank Plc – (7,142,800 shares held by Prisky Gold Nigeria Limited).
9.       Glaxo SmithKline Consumer Plc – (119,740 shares held by Prisky Gold Nigeria Limited)
10.     Guaranty Trust Bank Plc – (110,000 ordinary shares held by Prisky Gold Nigeria Ltd)
11.     Japaul Oil Plc – (25,316,400 shares held by Prisky Gold Nigeria Limited)
12.     Nestle Nigeria Plc – (1,915 shares held by Prisky Gold Nigeria Limited)
13.     Nigerian Bottling Company Plc – (11,383,000 shares held by Prisky Gold Nigeria Limited)
14.     Oando Plc – (334,367 shares held by Prisky Gold Nigeria Limited and 13,200,000 shares held by Velvox Investment Company Limited)
15.     Oceanic Bank Intercontinental Plc – (254,100 shares held by Prisky Gold Nigeria Limited and 431,201,702 shares held by Africa Lloyd Limited)
16.     Oceanic Vintage Fund – (100,000,000 units held by Prisky Gold Nigeria Limited)
17.     Bank PHB Plc – (93,800,100 shares held by Prisky Gold Nigeria Limited)
18.     R T Briscoe – (585 shares held by Prisky Gold Nigeria Limited)
19.     Total Nigeria Plc – (24,118,588 shares held by Prisky Gold Nigeria Limited)
20.     Transcorp Plc – (200,000,000 shares held by Prisky Gold Nigeria Limited)
21.     UAC of Nigeria Plc – (1,125, shares held by Prisky Gold Nigeria Limited)
22.     UPDC Nigeria Plc – (4,029 shares held by Prisky Gold Nigeria Limited)
23.     Unilever Nigeria Plc – (145,850 shares held by Prisky Gold Nigeria Limited)
24.     United Bank for Africa Plc – (109,121 shares held by Prisky Gold Nigeria Limited)
25.     Union Bank of Nigeria Plc – (13,300,000 shares held by Prisky Gold Nigeria Limited)
26.     Vitafoam Nigeria Plc – (1,197 shares held by Prisky Gold Nigeria Limited)
27.     Lafarge Cement Wapco Nigeria Plc – (23,142 shares held by Prisky Gold Nigeria Limited).
28.     Zenith Bank Plc – (10,280,000 shares held by Prisky Gold Nigeria Limited)
29.     Oceanic Bank Plc –    (2,323,841,722 shares held by Arata Nigeria Limited)
30.     Oceanic Bank Plc – (1,631,250,000 shares held by Meeky Ent. Ltd)
31.     Oceanic Bank Plc – (1,012,500,000 shares held by Mas Mackoy Ltd)
32.     Oceanic Bank Plc – (431, 202,702 shares held by Africa Lloyd Limited)
33.     Oceanic Bank Plc – (345,833,332 shares held by Ibru C.A.O)
34.     Oceanic Bank Plc – (142,282,300 shares held by Casi Properties and Investment).
35.     Oceanic Bank Plc – (98,993,775 shares held by Zatlins Ventures Limited A/c 385359)
36.     Oceanic Bank Plc – ( 94,159,575 shares held by Comvet Trades & Services Ltd)
37.     Oceanic Bank Plc – ( 52,078,175 shares held by Mac-Mackoy Limited)
38.     Oceanic Bank Plc – ( 44,000,000 shares held by Oceanic SSITF)
39.     Oceanic Bank Plc –   (30,758,500 shares held by Dilivent International Limited)
40.     Oceanic Bank Plc – (25,000,000 shares held by Cecilia Ibru)
41.     Oceanic Bank Plc – ( 18,440,990 shares held by BFCL Investment A/C)
42.     Oceanic Bank Plc – ( 12,212,500 shares held by Ogekpo Industries Ltd)
43.     Oceanic Bank Plc – ( 12,121,225 shares held by Zatlins Ventures Ltd, A/C 148068)
44.     Oceanic Bank Plc – ( 10,000,000 shares held by Micheal Cecilia Educational Foundation).
45.     Oceanic Bank Plc – ( 4,955,625 shares held by Ogekpo Estates Limited)
46.     Oceanic Bank Plc – (1,250,000 shares held by Ibafon Oil Ltd).
47.     Oceanic Bank Plc – ( 292,775 shares held by Melake Enterprises Ltd).
48.     Oceanic Bank Plc –   ( 292,775 shares held by Melake Properties Ltd).
49.     Oceanic Bank Plc –   ( 292,775 shares held by Melake Technologies Ltd).
50.     Oceanic Bank Plc – ( 78,993,750 shares held by Spanord Investment Co. Ltd).
51.     Oceanic Bank Plc –   ( 77,500,000 shares held by Aggregated Property Limited).
52.     Oceanic Bank Plc – (77,500,000 shares held by Quartz Property Company).
53.     Oceanic Bank Plc – 73,500,000 shares held by Arnott & Callman Investment).
 
Shares In Un-listed Nigerian Companies including without limitation:
54.     MTN Nigeria Limited (814,332 private placement shares valued at N2,000,000,000 purchased in the name of Mas-Mackoy Limited).
55.     MTN Nigeria Limited (1,400,000 private placement shares purchased in the name of ORION TRADING LTD).
56.     Aero contractors Limited
57.     Africa Lloyd Limited
58.     BFCL Assets & Securities Limited
59.     Bliss Bloss Integrated Services Limited
60.     Circular Global International Limited
61.     Cloudy Heights Limited
62.     Checkered Chess Concepts Limited
63.     Chiaroscuro Concept Limited
64.     Dilivent International Limited
65.     Flotsome Investment Limited
66.     LV Development Company Limited
67.     Mas-Mackoy Limited
68.     Michaelangelo Properties Limited
69.     Meeky Enterprises Limited
70.     Nanshet Limited
71.     Nigerian Bag Manufacturers – (1,785,000 private placement shares valued at N2,000,000,000)
72.     Ogekpo Estate Managers Limited
73.     Orion Technologies Limited
74.     Peace Alliance Limited
75.     Prestel Cable & Satellite Co. Limited
76.     Prisky Gold Nigeria Limited
77.     Waves Project Nigeria Limited
 
Cars and personal assets at 20 Oyinkan Abayomi Street, Victoria Island.
 
Members of the Public especially but not limited to the following should take notice of the above:
1.       Registrars of Titles/Deeds in Lagos State, Rivers State and the Federal Capital Territory.
2.       Central Securities Clearing System.
3.       The Nigerian Stock Exchange.
4.       All Capital Market Operators.

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