Date Published: 08/18/09

Cecilia Ibru on the run as EFCC arrests four others

Cecilia Ibru

Flamboyant former Managing Director and Chief Executive officer, CEO of Oceanic Bank, Mrs. Cecilia Ibru is said to be on the run following attempt by the Economic and Financial Crimes Commission, EFCC, to arrest the five recently sacked Bank CEO’s . Already Bartholomew Ebong of Union Bank, Sebastian Adigwe of Afribank, Okey Nwosu of Finbank and one Peter Ololo of Falcon Securities, a subsidiary of Finbank.

Few days after the sacking of the Bank CEO’s, the Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, forwarded what was termed a damning audit report of the five banks to the EFCC for prosecution.

Sources informed Pointblanknews.com that having studied the “very comprehensive CBN report,” the EFCC swiftly moved in to arrest the indicted five former Bank chiefs.

According to sources at the EFCC, only four persons who have been arrested while one could not be located.

“We have only arrested four people so far and we are still trying to locate the whereabouts of one of them.” Asked to name those arrested and the one still being searched for, the official who does not want to be named said “we have Adigwe, Nwosu, Ebong and one other Peter Ololo who is MD of Falcon Securities, a subsidiary of Finbank. We are still trying to locate Mrs. Ibru,” the EFCC source said.

However, Pointblanknews.com could not ascertain the location of Mrs. Ibru but unconfirmed sources said she is being kept in a secret location provided by some “very powerful politicians.”

Efforts to reach the EFCC’s spokesperson were futile. However, sources at the agency said suspected Bank executives have already been placed on wanted list. They include:

Cecilia Ibru(Ex-GMD/CEO of Oceanic Bank); Felicia Shonubi(Ex-MD of Oceanic Trustees Limited); Sebastian Adigwe(Ex-GMD/CEO of Afribank); and Ben Nwoji(ex-MD)of Afribank Trustees Limited, Bartholomew Ebong (Ex-Group MD of Union Bank); Henry Onyemem(ex-MD of Union Trustees  Limited); Erastus Akingbola(Ex-GMD/CEO of Intercontinental Bank Plc); Ayodele Thomas(Ex-MD of Intercontinental Capital Market Limited), Okey Nwosu(Ex-GMD of Finbank); Alex Duruike(Ex-MD of First Inland Securities).

Others are: Peter Ololo, former managing director of Falcon Securities Limited, Adeboye Adewoyin (ex-MD Intercontinental Securities Ltd), Ernest Duruike (ex-MD First Inland Securities), Emmanuel Okoji (ex-MD First Inland Capital Ltd), Felicia Shonubi (ex-MD Oceanic Trustees), Felicia Shonubi (ex-MD Oceanic Trustees), Reginald Elya (ex-MD Oceanic Securities International Ltd), Ayodele Thomas (ex-MD Intercontinental Captial Ltd), Abubakar Magaji (ex-MD Intercontinental Trustees Ltd).