Exclusive! After Jail Term, Convicted Rogue Banker, Cecilia Ibru Resumes Work At Aero Contractor​s Airline

cecilia ibru

It is no longer news that the convicted former Chief Executive Officer of Oceanic Bank PLC, Mrs Cecilia Ibru has completed her six months prison term. What is however new as exclusively uncovered by

 

ireports-ng.com is that the rogue banker is now starting a new life at Aero Contractors, an airline wholly owned by the Ibru family.

 

Mrs Ibru was convicted of bank and securities fraud on October 8, 2010 by a former chief judge of the federal high court, Justice Dan Abutu in Lagos after she was arrested, detained and arraigned in court on a 25 count charge by the Farida Waziri-led EFCC. Beside her plea bargain induced conviction, Cecilia forfeited over N190 billion assets to the government. The forfeited assets are now being managed by the Assets Management Corporation of Nigeria, AMCON.

 

While her bank, Oceanic Bank PLC where the Ibrus have the controlling shares has been sold to Ecobank PLC, the Chartered Institute of Bankers of Nigeria (CIBN) last December banned her from the banking profession by striking out her name, Cecilia Ibru who was until then a Honorary Fellow of the Institute, from its register of members as provided by Section.16 of CIBN Act.

 

According to the CIBN, the development is in furtherance, maintenance and observance of ethical standards and professionalism among practitioners of the banking profession in Nigeria.

 

The institute had earlier removed its former president and former CEO of Intercontinental Bank Mr. Erastus Akingbola, from the board.

 

According to the CIBN, the decision to bar Ibru was taken in line with the CIBN’s Disciplinary Tribunal on Monday, December 12, 2011, which was confirmed by the Governing Council of the Institute, at its meeting of Tuesday, December 13, 2011.

 

The Disciplinary Tribunal, comprising eminent members of the banking profession with a retired Justice of the Supreme Court as an Assessor, in a unanimous decision, granted the CIBN’s request that: the name of Cecilia Ibru be struck out of the list of members of the Chartered Institute of Bankers of Nigeria (as provided by S 14(2) of CIBN Act), and that Cecilia Ibru should cease from being a member of the banking profession (as provided by S. 22(1) of CIBN Act).

 

Faced with total ostracism from her banking constituency, Cecilia who was said to have completed her jail sentence last March, has no option but to step into the family airline business where she presently controls the affairs of the 51 years old Aero Contractors airline.

 

A competent source in the airline who confirmed the development to

 

ireports-ng.com said “madam has since last year resumed here in our local airport office after a major restructuring that saw Captain Akinlawon George emerge as the MD late last year. Though Captain George is the MD but madam(Cecilia) is the ultimate or final approving authority as we speak.”

 

Responding to another question, the top Aero official added that “madam does not really come everyday because of health issues and to avoid being seen frequently by passengers, but more often than not she spends quality time in the office two or three times a week.”

 

According to the information provided by the airline “Aero Contractors of Nigeria was formed in 1959 as a wholly owned by Schreiner Airways B.V of the Netherlands. It became a company with initially 40% Nigerian holding in 1973 and subsequently 60% in 1976.

 

“In January 2004 Schreiner Airways was bought by Canadian Helicopter Corporation(CHC) who acquired 40% holding of Aero contractors while 60% majority share remained within the Ibru family group.Currently, Aero is wholly owned by the Ibru family.

 

The Company started in the early 1960′s as an air charter operator.From this humble beginning in the 1970′s,Aero has gone-on to provide both rotary and fixed wing services to all the major oil,gas and related support companies working in Nigeria and in West Africa sub-region.

 

The airline which commenced scheduled commercial operation in 2000 “currently operates passenger services with the Bombardier Dash8 Q300 aircraft(a modern 50-seat pressurized turboprop aircraft) and the Boeing 737-400 and 500 variants with 104 to 144 seat.”

 

The EFCC had through the October 2010 court conviction of Cecilia Ibru confiscated a long list of assets which include

 

(A) List of Property in US

 

1. 4155 Chariot Way purchased for $452,508,00 on March 12, 2009 and registered to Anita Da silva Ibru,

 

2. 4145 Chariot Way purchased for $440,105.00 and also registered Anita Da silva Ibru on April 14, 2009.

 

3. 4139 Chariot Way purchased for $451,629.00 and also registered to Edesiri Onatejerohene Ibru on April 21, 2009.

 

4. 4149 Chariot Way purchased for $473,657.00 and registered to Obaro and Hirut Ibru also on April 21, 2009.

 

5. 4141, Chariot Way purchased for $441, 790 on April 13, 2009 for her self.

 

6. 4143 Chariot Way Purchased for $439,362.00 on April 13, 2009 for self also.

 

7. 14605 Hawley Lane purchased for $3999,990.00 on July 22, 2008 and registered to her daughter, Janet Ibru,

 

8. 14630 Hawley Lane purchased for $ 460,703.00 May 17, 2008 and registered to Janet Ibru.

 

9.14721 Argos Place purchased for $457,950 and registered to Janet Ibru on October 28, 2008.

 

10. 14719 Argos Place purchased for $451,840.00 on November 26, 2008 and registered to Janet Ibru.

 

11. 11300 Dappled Grey Way purchased for $987,949.00 on October 7, 2008 and registered to herself.

 

(B) List of Confiscated Property Elsewhere:

 

1. Good Shepherd House, IPM Avenue , Opp Secretariat, Alausa, Ikeja, Lagos (registered in the name of Ogekpo Estate Managers)

 

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)

 

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).

 

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 Ltd)

 

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)

 

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)

 

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).

 

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). 29 Real Estate Propert in Dubai 7

 

52. Residential Property: Dubai 15 Real Property: South Africa Real Property: London, England.

 

(C)List of Abridged Shares In listed Nigerian Companies:

 

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).

 

Cars, and personal assets at

 20 Oyinkan Abayomi Street , Victoria Island

 Two aircrafts worth $100 million

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32 Comments

  1. ODILISON EMMA said:

    MAN IS AN ENEMY TO HIMSELF, WHY STEALING WHAT U DONT ACTUALLY NEED.THIS IS VERY UNHEALTHY, AND CRIMINAL,TAX PAYERS MONEY,

  2. Rev Amechi Ebere said:

    Material lust. But what shall it profit a woman, Cecelia Ibru, to earn all those wealth and spend eternity with naked soul, I assume she is a believer. Madam, all hope is not lost. You can rebuilt your life by submitting to the will of the Lord. For in Him you would find true happiness, peace and security. If this message gets to you, think about my suggestion. May the Lord be gracious to you, for He loves you.

  3. vincent said:

    Vanity,all is varnity.good name is beter than riches,but it is vanity when one loses riches,then good name in pursuit of vain riches,he may equaly loose eternity,i am very poor ,but sometimes,if i hear and see cases like that of Ibru,Tafa balogun,Bode goege etc ,i ask myself:VINCENT,ISNT IT GOOD U REMAIN LIKE THIS FOR U TO MAKE GOOD NAME AND POSIBLY HAEVEN,:but i am yet to answer this question pls give me answer

  4. Omar wumi said:

    i think its now time for us Nigerians to rebrand our selves, u don’t steal what u don’t need. Looking at ibrus family ….

  5. Maduka said:

    It is unbeleivable with these unwanted wealth she went ahead stole poor masses money like myself who invested in her bank for better tomorrow and now a loser. May God 4give her. Can others learn from her fate?

  6. MUSBAHU JIBRIN A. said:

    KAI!!! SHE NEEDS A SURGERY ON KLEPTOMANIA. WHERE THE HELL SHE GOT ALL THIS MONEY?

  7. Cadastru said:

    Wonderful points altogether, you just won a new reader. What could you suggest about your put up that you made some days in the past? Any positive?

  8. alex oyoro said:

    Vanity upon vanity is all vanity. Good name is better than riches

  9. abimbola said:

    We pray from time to time that God will forgive them, those who stole our lives, happiness, tommorow and hopes.the masses are weeping, the sick are groaning, the workers are toiling, the infant are wailing, the pregnant mothers are dying. we are slaves in our own land. But the likes of Ciciliar Ibru should know that the meeds of men may be mild, but that of God is severe and painful to the extreme.

  10. Gabriel Onuoha said:

    After all of these, let us pray that God who started the redemption in Cecilia Ibru should guide her to a genuine and complete repentance. She is lucky to have been found out now this is her opportunity to make a turn around. Deep within herself, she would know that there was a time she would have loved to stop but could not. That was the devil’s bundage upon her live. May are worse than her. .many own 100 times more all what is listed here and many more are also what were not found and retrived and many more of what is listed here would be restolen by other devil’s agents. The devil is at work people and if you give yourself in to be used, I promise you you would be used till you cry to come out and only when you look up to the cross shall you be saved. May God be with us now and always.

  11. Jummai John said:

    Haba, with all these stupendous wealth, which less privilege children fees have you paid? Which homeless people have you housed and how many hungry people have you fed? You still have time to turn around and God will help you.

  12. Ola said:

    I wonder why we don’t have the death penalty for such crimes in this country!

  13. jide said:

    God is mercyful when u offend him. but if ur sins makes an innocent man suffer, their is no mercy for that. i believe cecilia will never no peace. she will surely suffer for it even if she repents and become a pastor. everytime someone who lost his job/investments in oceanic bank as a result of her theft cries, heaps of new sufferings will be metted out to her. the same goes to all corrupt officials, who take pride in stealing peoples future, God is not asleep. no pastor or imam will save u when the time comes unless you return all your loot.

  14. eddy said:

    are u guys saying she had all those properties then they should have renamed chariot way as ibrus…meen thats a lot of properties…she must havegotten many dedicated managers to see to the affairs,,,how many kids has she got in case when time comes to share it?….i think they would have enough to share unless they are greedy as their mun

  15. Nigeria said:

    Life is not all about greed but being contented. It is a lesson for those who understand.

  16. Sharron . said:

    Cecilia Ibru, madam you are a very professional thief i must confess, all these for you alone ? how many life terms were you expecting to live , lord have mercy upon all your mountain of fire bullshit you stooped so low in the end, you are a disgrace to empowered women.

  17. Egoigwe said:

    Pray tell, where can you find one hectare of land on Ozumba Mbadiwe waterfront? It doesn’t exist, period.

  18. samuel ukpai said:

    I saw it coming.This Ibru woman has ruined many people who tried to build carreers in oceanic bank just to pave way for herself.Ask sam onike,fred obinabo,reginald ihejiahi was lucky to escape her machinations.Now,the truth is in the open

  19. Moses Dayo Alarapon said:

    This is pure wickedness. There is no peace for the wicked says the holy bible.to have peace,repent and give part of what u still have to the poor.

  20. adamu sani said:

    This is the way most of our privilege few live a life in Nigeria, we acquire more than we need in the name of Business deals and Business opportunity. Madam you have to thank your Lord for the set back and the Turbulence you experience. It’s a lesson to who ever has a brain in his skull.
    She is amongst the unfortunate ones that were arrested by Law and the Irony of the whole thing is corruption is steel being perpetuated and covered by the senior citizens in Gov’t and covered even by the Leaders of the day. The more you steal the more Title you gate in the civil service.

  21. Tukur lawan said:

    I wish Madam committed this In china it could have been a different story by now

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