Four years after entering into a plea bargain with the Office of the Attorney General of the Federation (AGF), the ousted Managing Director of the defunct Oceanic Bank Plc, Cecilia Ibru, has not remitted N16.1 billion to the Asset Management Corporation of Nigeria (AMCON).
This was revealed on Monday, March 16, at a meeting of AMCON, Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC) and Securities and Exchange Commission (SEC) with the Senate Committee on Drugs, Narcotics and Financial Crimes in the National Assembly.
The meeting was a response to a petition written to the committee by some stakeholders that AMCON had failed to remit proceeds of Mrs. Ibru’s loot to shareholders of both Oceanic and Ecobank which later acquired the former.
The Managing Director of AMCON, Foluke Dosunmu noted that the corporation is neither owning Oceanic nor Ecobank, adding that the asset management body was not duty bound to render any account to either the Oceanic Bank or Ecobank.
Dosunmu who dismissed part of the petition which alleged that AMCON had sold an aircraft belonging to Ibru, said no aircraft or cash was contained in the list of assets handed to the corporation. She said the bargain was gazetted on October 20, 2010.
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