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The Economic and Financial Crimes Commission( EFCC) has traced 61 assets to former Managing Director/Chief Executive Officer of Oceanic Bank Mrs. Cecilia Ibru in Dubai in its ongoing tracking of looted funds.
The assets include 41 shops, 16 mansions and four park towers.
All the properties have been confiscated, but their sale is trailed by controversy because about $4,522,413.20 remain unaccounted for in the last seven years.
Out of the over $7million purportedly realised from the disposal of the properties, the Assets Management Corporation of Nigeria( AMCON) only received $3,278,238.69 from the proceeds. Read more