EFCC ordered to reveal details of recovered Ibru’s properties

Posted by admin EFCC Politics, Latest Politics Friday, February 22nd, 2013

A federal high court, on Friday, ordered the Economic and Financial Crimes Commission (EFCC) to furnish Mr Boniface Okezie with details of properties recovered from Mrs Cecilia Ibru within 72 hours.
Ibru, former Managing Director, Oceanic Bank Plc, was convicted of mismanagement of depositors’ funds and reckless grant of credit facilities in October 2010.
Some money and properties were also recovered from her.
Justice Mohammed Idris, delivering judgment in a suit filed by Okezie, President of the Progressive Shareholders Association of Nigeria (PSAN) in Lagos, directed the EFCC to provide the plaintiff with details of the recovered properties.
The Attorney-General of the Federation (AGF) was joined as defendant in the suit.
The News Agency of Nigeria (NAN) reported that Okezie had instituted the suit against the defendants in December 2012, under the provisions of the Freedom of Information Act, 2011.
The plaintiff, through his counsel, Mr Chuks Nwachukwu, sought among other reliefs, an order of court compelling the EFCC to disclose the total cash and value of property recovered from Ibru.
Idris held that by the provisions of Section 2 and Section 3 of the FOI Act, the plaintiff was conferred with the requisite “locus standi” to institute the suit.

-Punchwp_posts